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Speak to an expert about releasing equity from your property. We can help with:
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Equity release allows homeowners aged 55 and over to access money tied up in their property, without having to sell or move.
It’s an option that appeals to people looking to free up extra funds later in life, whether for home improvements, to support family or simply to enjoy retirement more comfortably.
Speaking to a mortgage broker in Cumbria like us can help you explore how equity release might work for you and whether it fits with your future plans.
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The amount of equity you can release depends on a few factors, including your age, the value of your property and the type of equity release product you choose.
Some plans offer more flexibility than others, and in certain cases, your health and lifestyle can increase how much is available.
Getting mortgage advice in Cumbria will give you a clearer idea of your options and what each lender might offer based on your circumstances.
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Taking out an equity release mortgage in Cumbria can offer financial freedom, but it’s important to consider how it fits into the bigger picture, like any impact on inheritance or future care needs.
Our mortgage advisors in Cumbria will talk through your goals, explain how the process works, and help you weigh up whether it’s the right choice for you or if there are alternative routes worth considering.
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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...
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To be eligible for equity release in Cumbria, you must be at least 55 years old and own a property that meets the lender’s criteria.
The amount you can release depends on your age, the value of your home and your health. Lenders may also look at your property’s condition and type.
Our mortgage advisors in Cumbria can assess your eligibility in detail and advise on which providers are best suited to your needs.
The two main types of equity release are lifetime mortgages and home reversion plans.
A lifetime mortgage lets you borrow against your home while keeping full ownership, whereas a home reversion plan involves selling a share of your property to a provider in return for a lump sum or regular income.
Our mortgage advisors in Cumbria will help you compare the features of both and determine which option best suits your long-term plans.
In many cases, yes, but doing so may result in early repayment charges, depending on the lender and the terms of the agreement.
Some lifetime mortgage products include features that allow voluntary repayments without penalty, helping to reduce the total interest owed.
If repaying early is something you may want to do in future, it’s worth choosing a plan that offers flexibility.
Yes, with a lifetime mortgage, the most common form of equity release, you retain full ownership of your property and can remain in your home for the rest of your life, or until you move into long-term care.
This allows homeowners in Cumbria to access funds while continuing to live in their property, with the loan repaid only once the home is eventually sold.
Equity release typically includes fees such as valuation charges, legal costs and adviser fees. Some providers offer products with reduced or no upfront costs, depending on the circumstances.
When exploring equity release in Cumbria, we’ll outline all the associated fees upfront, so you have a clear understanding of the total cost and how it’s paid.
Yes, many equity release products allow for something called “porting”, which means you can transfer the loan to a new property, subject to lender approval.
The new home must meet the provider’s criteria, and certain conditions may apply. If you’re considering a future move, we’ll help you find a flexible plan suited to your long-term needs.
We’re available 7 days a week, offering flexible appointment times to suit your schedule.
There’s no cost to speak with one of our equity release advisors, we’re here to help.
We follow industry standards that put your safety and wellbeing first.
Our focus is on your needs, not the lender’s.
We provide clear, straightforward advice with no hidden fees or surprises.
We look across the market to find the right plan for your situation.
You’ll be supported by a team with decades of expertise in later life lending.
From your first enquiry to the release of funds, we’ll be with you every step of the way.
Whether it’s helping children buy their first home or supporting a loved one through education or life changes, we have seen many customers use equity release to pass on financial help while they’re still around to see the benefit.
We’ll guide you through how this works, including the impact on your estate.
Homeowners in Cumbria often look to equity release to improve their property, for example, adding downstairs bathrooms, improving accessibility.
We’ll help you understand how much you can borrow and what type of product suits your needs, so you can make your home more comfortable without needing to move.
Some clients still have a mortgage or existing debts in retirement that they want to clear.
Equity release in Cumbria may offer a way to do that with no monthly repayments required.
We’ll assess whether it’s the right route for you and explain how it would affect your finances moving forward.
For some, equity release is a way to supplement a pension or savings that no longer stretch as far as they once did.
Whether it’s for day-to-day costs or to enjoy more freedom in retirement, we’ll help you explore how equity release in Cumbria can be used to support your lifestyle in a manageable, sustainable way.
Not everyone wants to move just to free up funds. Equity release in Cumbria offers an alternative for those who would rather stay put in the home they love.
We’ll talk through how this works and whether it’s the right option based on your property, your priorities, and what you hope to achieve.
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© UK Moneyman Limited 2025.
UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© UK Moneyman Limited 2025.
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