It's Free to Speak to an Advisor, 7 days, 8am - 10pm
7 days, 8am-10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
7 days, 8am-10pm
Speak with a lifetime mortgage specialist – It’s Free!
Please complete the form accurately so that we can get a better picture of your financial situation.
Speak with a lifetime mortgage specialist – It’s Free!
Please complete the form accurately so that we can get a better picture of your financial situation.
Secure a lifetime mortgage tailored to your needs and aspirations. A mortgage broker can provide invaluable support by offering:
When you choose a mortgage broker like us, you’re not just exploring your lifetime mortgage options – you’re partnering with a dedicated team to support you every step of the way.
Here’s how we make securing a mortgage simple and stress-free:
Our Customers Love Us
2000+ 5-Star Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
3 days ago
Michelle
The team at UK Moneyman have been excellent, really informative, providing sound advice with no judgement and supporting the best possible way forward for myself. I would definitely use the team again, they’ve made the whole process simple and...
2 weeks ago
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
2 weeks ago
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
1 month ago
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
1 month ago
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
1 month ago
Stephen
We went to the Moneyman to start with regarding a new mortgage only which went really smoothly and everything was explained in simple terms at our request Malcom made it feel at ease . Once i had the confidence with them we asked them to help with...
1 month ago
Our team is on hand to provide support and advice whenever you need it.
Get started with expert advice at no cost to you.
Trusted specialists adhering to the highest industry standards.
Our priority is finding the best mortgage to suit your needs.
Transparent guidance you can rely on, every step of the way.
Access a wide range of deals to suit your individual circumstances.
Expertise and knowledge to guide you through any situation.
Support at every stage of your mortgage journey, from application to completion.
A lifetime mortgage can be used to buy a new home after unlocking equity. With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
A lifetime mortgage can be used for:
A lifetime mortgage may potentially be the best option for you. The role of a qualified later life mortgage advisor is to spend time getting to know you, any plans you have and your hopes for later life.
We will look at the alternatives that may be available to you, looking to provide the best value solution for your needs in the long term.
Alternatives products to a lifetime mortgage are:
We always encourage family to be part of these discussions, but that is entirely up to you.
The costs of your lifetime mortgage will vary, depending on how much equity you are looking to release, your age, the interest rates of the plan and the ways you would like to personalise your product.
Additionally, the amount you owe overall can differ, depending on the type of lifetime mortgage you have. With a drawdown lifetime mortgage, you will only pay interest on the amounts you withdraw. Conversely, with a lump sum lifetime mortgage, you will likely owe more overall on compound interest.
Similar to when you take out a standard residential mortgage, you will still have to factor in additional costs such as a surveyor’s fee, a valuation fee, and a mortgage broker fee.
With a lifetime mortgage, it’s a condition that you seek independent legal advice during the process to ensure that you understand the features. This will be in the region of £700 to £1,000.
The benefits with a lifetime mortgage are:
You can release tax free cash either as a lump or smaller chunks as and when they’re required to supplement your income.
The lifetime mortgage balance will be paid off from the sale of your property, once you have either died or have moved into long-term care.
Because we are members of the Equity Release Council, we can offer our customers the No Negative Equity Guarantee, meaning that when the property is sold (at a fair market value), your family or estate won’t be liable for any payments if your interest exceeds the sale price of your home.
Regulatory Information
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows
The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk
Trusted by 1000s
of Customers
UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
