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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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Melanie
Excellent communication, I felt at ease during our meeting. Very friendly. Explains in detail and asks questions. Would highly recommend
6 days ago
Anonymous
Really helpful and informative. Quickly got what we needed and kept us informed throughout the process. Booked telephone calls around our commitments and responded quickly to emails. Thank you Tom and Jo.
2 weeks ago
Miss Caroline
This company was recommended to me, the service I have received can only be described as exceptional. Someone who works outside the “normal” working day is so hard to find. Detailed advice and support throughout. I would not hesitate to...
2 weeks ago
Paul
I would like to give a big thank you to Hullmoneyman especially Malcolm great experience great customer service far the best and his team thank you guys.
4 weeks ago
Sean
I have used moneyman three times now and have never had it so easy
1 month ago
Paulina
Moneyman we couldn't have made a better choice. Malcolm and Catherine did a great job. We received the service we expected from a mortgage advisor. Fast and easy communication every day of the week. Thank you very much 😊
1 month ago
Anonymous
Very good, fast and efficiency
1 month ago
Wayne
Super fast
1 month ago
Mr Leon
Excellent, easy going, informative, friendly, made understanding mortage terms easier
1 month ago
Anonymous
Daniel has always been incredibly helpful in arranging things for me. He has made my life much easier when looking to remortgage.
1 month ago
Lisa
Hull Moneyman were very helpful.Sorted everything out for me from start to finish. Highly recommend.
1 month ago
Lyndsey
Dan was great during our meeting, gave us lots of info which helped us to decide which product to take.
2 months ago
Anthony
Excellent research by Malcom in finding the most competitive deal. Excellent after sales service by Jo. Thank you both
2 months ago
Demi
Brilliant service as always. This is my second time using Hull Moneyman and I am still super impressed the second time round with the service received.
2 months ago
Lucy
From start to finish excellent professional service, appointments all where super flexible around work commitments.
2 months ago
Natalie
Excellent service from all the Team from start to finish . Would recommend them . Answers all my questions quickly and explained fully
3 months ago
Deborah
Hullmoneyman has arranged my last few mortgages and dealing with them has always been a pleasure. Straightforward and quick.
3 months ago
Demi-Leigh
Used first time buyer years ago and helped. And then used again to help with my mortgage transfer and all went smoothly.
3 months ago
Lee
This is the second time we've used Hullmoneyman for our mortgage and they've been fantastic both times. Great service and great advice too, saved us a fortune and saved us lots of time and hassle. Would greatly recommend them to anyone.
4 months ago
Anonymous
Excellent advice and service… Dan went through everything and explained all aspects, Jonathan kept us up-to-date with all procedures. Solicitor even came to our house to complete signatures etc. From our meeting with Dan to completion only took 4...
4 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: 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.
© Hullmoneyman 2025.
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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: 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.
© Hullmoneyman 2025.
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