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A lifetime mortgage in Hull is a flexible solution for those aged 55 and above who wish to access the value tied up in their property.
This product offers the financial freedom to cover expenses, improve your quality of life, or provide support to loved ones, all while retaining ownership of your home.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
Speaking with an expert mortgage advisor in Hull, you can explore plans that suit your unique circumstances, we offer alternatives for those over 50, and if any of these options are better suited to your needs, our team will recommend them when appropriate.
When considering lifetime mortgages in Hull, those aged 55 and over typically choose between two main options. A lump sum lifetime mortgage provides a single payment for major expenses, while a drawdown lifetime mortgage offers flexibility for accessing funds as needed.
As a trusted mortgage broker in Hull, we often suggest lifetime mortgages for the following:
Providing lifetime mortgage advice in Hull, we often see older borrowers using these products to buy a property for various reasons, such as:
If a lifetime mortgage isn’t right for you, we’ll recommend alternative mortgage options for the over-50s in Hull to suit your needs.
Yes, a lifetime mortgage can be an effective way for those aged 55 and over to fund a move to a new property.
This option is often chosen by people downsizing, relocating to Hull to be closer to family, or purchasing a home better suited to their retirement lifestyle.
By releasing equity, you can cover the costs of moving while still retaining ownership of your new property.
A mortgage broker in Hull can guide you through the process, helping you select a plan that meets your financial needs.
No, having a lifetime mortgage doesn’t mean you’re stuck with it.
Many plans offer features such as voluntary repayments to help reduce the balance or remortgaging options to switch to a different plan if your circumstances change.
Working with a mortgage broker in Hull ensures your lifetime mortgage remains aligned with your evolving financial goals.
As well as speaking with your later life mortgage advisor about whether equity release, and subsequently a lifetime mortgage, is right for you, it’s worth taking the time to consider any additional arrangements for the future.
There are several over 50’s life insurance policies available from our team that, if suitable for your circumstances, can help offset the cost of a lifetime mortgage over the life policy term.
We would also recommend discussing your lifetime mortgage plans with your family, updating your will, and setting up arrangements for any lasting powers of attorney.
These steps are important, as it is often your family, either as beneficiaries after your death or as attorneys should your mental capacity become impaired, who will be involved in selling the property to repay the lifetime mortgage.
Proper planning now not only ensures a smoother process for your loved ones later but can also make things more cost-effective in the long run.
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Matthew
They were absolutely amazing in everything I can’t recommend them enough.
9 hours ago
Joan
Excellent service. Paula was extremely helpful and understanding throughout. Will certainly recommend your services
1 week ago
Robert
Personally very happy with the service and interactions with the staff. Thank you.
1 week ago
Anonymous
I’m a first time buyer and I would recommend using this business. Charlie & Debbie made myself and my partner feel completely at ease with the process. I found their customer service to go the extra mile and no question was a stupid question.
1 week ago
Anonymous
Simple and efficient process.
1 week ago
Edmund
Superb service, fast and very reliable. Good comunication all the way thru whole mortgage process. Would definately recomend.
2 weeks ago
Ebrahim
Yeh I tendtogive really good reviews. Hull money man hashelped us greatly. 99.9 of everything they asked from us was fine. It wasnt them but the advisor they qent to Newcastle seemed to want to know exactly what we where planning well into the...
3 weeks ago
Lynley
We have just used Hull Moneyman again for our remortgage! Very friendly and competent staff who go out of their way to make sure we understand the process and are happy with the product.
1 month ago
Gary
Held my hand through the process, telephone call where prompt and ontime. E-mail was streight forward and communicatrion in general was very good.
1 month ago
Amy
The service we have received from Hull Money man (mainly Charlie) has been outstanding. Charlie has been there for us through a few house fall throughs and each time pulled through for us! Even made contact during his annual leave! As a first time...
1 month ago
Mr David
Very helpful, always available and kept us informed at all times
1 month ago
Tim
Excellent seamless process with no nonsense but very supportive.
2 months ago
Scott
We have used Hullmoneyman services for all of our residential and buy-to-let mortgage and remortgage needs for more than ten years. Hullmoney man have always professional and courteous advice and timely service. We do not hesitate to recommend...
2 months ago
Katie
Leo was fantastic. Understood what we wanted and got it done in record time. Would highly recommend.
2 months ago
Kerry
Excellent service
2 months ago
Timothy
Amazing work and great help from Paula Milner and Charlie Bryson
2 months ago
Philip
Quick and easy from start to finish. Understood what i needed and sorted out seamlessly
2 months ago
Benjamin
Really good service, made things nice and easy.
2 months ago
Stuart
Good communication great company to deal with
2 months ago
Emily
Wouldn’t use anyone else for our mortgage needs this is the second time now and would always recommend to others.
2 months ago
We start with a free lifetime mortgage appointment in Hull with one of our experienced mortgage advisors in Hull. This no-obligation session allows us to learn more about your financial goals and explore whether a lifetime mortgage is the right option for you. With expert mortgage advice in Hull tailored to your circumstances, we’ll help you feel confident in your decision.
Equity release may not always be the ideal solution, and as a trusted mortgage broker in Hull, we’ll help you consider all potential alternatives. Whether it’s downsizing, accessing savings, or exploring other financial products, our impartial mortgage advice in Hull ensures you evaluate every option before moving forward.
Lifetime mortgages are a significant decision, and we always encourage open conversations with family or trusted individuals. Discussing your plans can help ensure everyone understands the potential impacts for the future. Our mortgage advisors in Hull are here to support these discussions, providing clarity and reassurance to make the process smoother for all involved.
Once we’ve carefully assessed your needs and considered all alternatives, we’ll provide a personalised lifetime mortgage recommendation. As a trusted mortgage broker in Hull, we focus on matching you with the most suitable lender and product for your goals. Our mortgage advisors in Hull will guide you every step of the way, ensuring the process is simple, transparent, and stress-free.
Our mortgage advisors in Hull offer a free mortgage review to help you understand your options and plan for your financial future. This no-obligation service provides tailored mortgage advice in Hull to ensure you make the right decision for your circumstances.
As a trusted mortgage broker in Hull, we work closely with a variety of lenders to find the best deal for you. Whether you’re considering a lifetime mortgage or other options, we’ll ensure the solution fits your financial goals and needs.
We’re committed to providing outstanding service from start to finish. Our mortgage advisors in Hull will guide you through every step of the process with clarity and professionalism, ensuring a smooth and stress-free experience.
Life doesn’t stop for financial decisions, and neither do we. Our mortgage advisors in Hull are available seven days a week to offer flexible support. Whether you need mortgage advice in Hull during the week or on the weekend, we’ll be here when you need us.
Those aged 55 and over can use a lifetime mortgage to boost their retirement income, providing financial security and flexibility.
Accessing equity in your property allows you to cover living costs, manage unexpected bills, or enjoy hobbies and leisure activities.
Expert mortgage advice in Hull will help you explore plans tailored to your financial needs.
Supporting family members financially is a meaningful way to use a lifetime mortgage.
Releasing equity can help loved ones with a house deposit, education expenses, or other financial assistance while you retain ownership of your property.
Our mortgage advisors in Hull offer personalised guidance to ensure the process aligns with your family’s needs and goals.
A lifetime mortgage is a popular choice for those aged 55 and over looking to finance home improvements or adaptations.
Whether upgrading your kitchen, renovating your bathroom, or making accessibility changes, this option allows you to enhance your living space while staying in the home you love.
A mortgage broker in Hull will guide you toward the best product to fund your projects with confidence.
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Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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
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Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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
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