Lifetime Mortgage Broker Manchester
Are you over 55 and looking to access the equity tied up in your home without the need to move? A lifetime mortgage could be the ideal solution. It allows you to release tax-free cash from your property to use as you wish – whether it’s for home improvements, helping family members, or enhancing your retirement lifestyle. Our expert advisors are here to guide you through the process, ensuring you get the best deal tailored to your needs, all with 100% fee-free service.
Speak to an advisor today!
What is a Lifetime Mortgage?
A lifetime mortgage is a financial solution designed for homeowners aged 55 and over. It allows you to unlock the value of your property through a secured loan against your primary residence while you continue to retain full ownership of your home, whether it’s freehold or leasehold.
With a lifetime mortgage, you can release equity from your home in a way that suits your needs. This could be through a tax-free lump sum or smaller, regular payments to supplement your income. It can also provide the flexibility to use the funds for purchasing a new home or settling any existing mortgage debt.
Our expert advisors will guide you through the entire process, offering tailored advice to ensure you get the right product to match your unique needs and circumstances as you navigate later-life financial planning.
100% Fee free
Getting a Lifetime Mortgage for Equity Release
A lifetime mortgage is a flexible way for homeowners aged 55 and over to release equity from their property without selling or moving. It allows you to access tax-free cash as a lump sum, regular payments, or a combination of both, giving you the financial freedom to enhance your retirement. You maintain full home ownership, with the loan and interest typically repaid from the property’s sale when you pass away or move into long-term care.
Equity release through a lifetime mortgage is a great solution for those looking to unlock their home’s value and enjoy more of their retirement. Our expert advisors will guide you through your options to ensure the best solution.
Contact us today. 8am – 10pm
7 days a week
0161 710 2587
Using a Lifetime Mortgage to Purchase a New Home
For individuals aged 55 and above, a lifetime mortgage can be an effective way to purchase a new home, with the loan secured against the newly acquired property. This option allows buyers to invest in a property beyond their budget through traditional financing methods, offering greater flexibility in choosing a home that better suits their lifestyle or needs.
Many people choose this route for various reasons, including moving closer to family, relocating to a more desirable or expensive area, or even buying a new home after a later-life divorce or separation. It also allows first-time buyers over 55 or partners to move in together to secure the home they want without the financial constraints of a significant upfront investment.
With this approach, borrowers often have the option of making voluntary monthly payments to help manage the loan, but they’re not required to do so. This flexibility makes lifetime mortgages appealing for those looking to settle into a new home during retirement while maintaining financial security.
Get Started With Your Mortgage Today 100% Fee Free
51 Customer Reviews
Excellent Service
Excellent service from David, he secured my remortgage deal 2 years ago and he is always very helpful. He went above and beyond to get the best deal for me for my current mortgage and is always there to reassure me and offer advice and the best deals to go with.
Nicholas Ward
Call Us On 0161 710 2587
Email Us At enquiry@searchmortgagesolutions.co.uk
Buy Your Dream Home
We offer our services to you at no cost, so why wait? Search Mortgage Solutions Mortgage brokers Manchester are here to help.
News
What happens if a mortgage application gets rejected?
It is not uncommon for lenders to reject mortgage applications. If your application gets denied, you will instinctively want to reapply with another vendor. Before … Read more
Buying property as a limited company
If you are thinking of purchasing a buy-to-let property, do not let the high taxes deter you from doing so. Buying through a limited company … Read more
Will student loans affect me buying a house?
With an increase in university fees, more and more people are being forced to take up student loans. These loans are expensive, and it might … Read more
Mortgage Advice
Simply give us a call or fill out the form
We are here 24/7 providing customers with expert advice and solutions for their next mortgage, whether that’s for a New Home, remortgage or but to let.
Manchester Mortgage Broker Rated 5 stars on Google
Of Mortgage Deals
We have access to the whole of the market of mortgage providers and because we don’t charge a fee, this can mean a savings for you of hundreds of pounds.
Buy Your Dream Home
We offer our services to you at no cost, so why wait? Search Mortgage Solutions Mortgage brokers Manchester are here to help.
News
What happens if a mortgage application gets rejected?
It is not uncommon for lenders to reject mortgage applications. If your application gets denied, you will instinctively want to reapply with another vendor. Before … Read more
Buying property as a limited company
If you are thinking of purchasing a buy-to-let property, do not let the high taxes deter you from doing so. Buying through a limited company … Read more
Will student loans affect me buying a house?
With an increase in university fees, more and more people are being forced to take up student loans. These loans are expensive, and it might … Read more
Mortgage Advice
Simply give us a call or fill out the form
We are here 24/7 providing customers with expert advice and solutions for their next mortgage, whether that’s for a New Home, remortgage or but to let.
Manchester Mortgage Broker Rated 5 stars on Google
Of Mortgage Deals
We have access to the whole of the market of mortgage providers and because we don’t charge a fee, this can mean a savings for you of hundreds of pounds.