Mortgage for Over-50s in Manchester
Looking for a mortgage tailored to your needs as an over 50s buyer? Our expert brokers are here to guide you through the process. We offer personalised advice, access to the best deals across the market.
Speak to an advisor today!
Fee-free mortgage advice means a whole lot more for a whole lot less
Are you over 50 and looking for a mortgage in Manchester? As life circumstances change, securing the right mortgage can open up new opportunities. But navigating the complex world of mortgages can be overwhelming. At Search Mortgage Solutions, we’re here to simplify the process.
Our Manchester-based mortgage brokers will assess your eligibility and situation, guiding you through various options tailored for over-50s, such as equity release, lifetime mortgages, and retirement interest-only mortgages. We’ll help you understand confusing terms like interest rates, repayment options, and lending criteria. From the initial consultation to mortgage completion, we’ve got you covered. Whether you’re looking to downsize, buy a second home, or release equity, our experienced Manchester mortgage brokers will recommend the right deals. We can arrange an agreement in principle, ensuring you’re ready to proceed when you find the perfect property. While the internet provides plenty of mortgage information, navigating it without expert advice can be daunting and risky. Let us make your over-50s mortgage journey smoother and more secure.
100% Fee free
Getting a Mortgage for Over 50s in Manchester
We hope that you will choose to contact Search Mortgage Solutions so that we can explain in detail all the options available to you and which lender will be the right one based on your circumstances and objectives. We would be delighted to be given the opportunity to explain the whole mortgage process to you in an easy-to-understand way and then to proceed to an application only if you are comfortable doing so.
Contact us today. 8am – 10pm
7 days a week
0161 710 2587
Is This the Right Time for a Mortgage Over 50?
Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Many mortgage loans offer attractive rates initially, but as circumstances change, finding a mortgage tailored to your needs can save you significantly. It’s a hassle to search for the right mortgage every few years, researching different lenders and deals. Our Search Mortgage Solutions adviser simplifies the process by finding the most suitable mortgage deal for your needs and periodically reviewing it over time.
As you consider your options, it’s wise to have a ‘whole of market’ mortgage broker review your mortgage. Sticking with the same lender could mean paying a higher rate unnecessarily. We’ll set up your new mortgage and continuously ensure you have the right deal throughout its term. Don’t pay more than you need to; consider protection insurance for peace of mind. Check our separate ‘Mortgage Protection Insurance’ webpage for details on how we can assist.
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.
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Mortgage Advice
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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.
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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.
FAQs
Calculating how much you can borrow to buy a home will be based on your income / incomes. If you wish to apply for a mortgage, use our borrowing calculator on the website as this will give you a rough idea of how much a lender might offer you. This is based on how much you earn and whether you’re buying with anyone else. Mortgage lenders will decide how much you can borrow by basing income multipliers on your salary / salaries .Banks and building societies will offer between three and four-and-a-half times the annual income of you and anyone you are buying with. This means if you are buying on a single applicant basis and earn £30,000 a year, you could be offered anything between £90,000 and £135,000. There are exceptions to this, however, especially if you work in a certain profession and then income multipliers may be higher. Other factors will impact how much you can borrow as well. Lenders will want to know your monthly outgoings and how you spend your money to complete an affordability assessment. Loan repayments , student loans and credit card balances , Regular bills (e.g. gas and electricity) Transport costs Grocery costs Spending on leisure activities Recent bank statements may be needed and payslips to support your application.