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A lifetime mortgage in Doncaster provides a way for those aged 55 and over to access the wealth in their home without the need to sell or move out.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
This type of equity release product is ideal for retirees looking to enhance their lifestyle, pay off debts, or assist loved ones.
With options for lump sums, regular payments, or a combination, it offers flexibility to meet your needs.
Our mortgage advisors in Doncaster can help you navigate the process and find a plan that suits you.
Lifetime mortgages in Doncaster generally come in two forms for those aged 55 and above. Lump sum lifetime mortgages offer a single, tax-free payment, perfect for covering large expenses, while drawdown lifetime mortgages provide flexibility by allowing funds to be accessed over time.
As a trusted mortgage broker in Doncaster, we often recommend lifetime mortgages for the following:
Providing lifetime mortgage advice in Doncaster, we often see older borrowers using these products to purchase a home for reasons such as:
If another product would better meet your needs, we’ll suggest alternative mortgage options for the over-50s in Doncaster.
Yes, a lifetime mortgage can be used to help those aged 55 and over fund a move to a new property.
This option is especially popular with those looking to downsize, relocate to Doncaster to be closer to loved ones, or purchase a more suitable home for their needs.
With a lifetime mortgage, you can access funds to help with the move while retaining ownership of your property.
A mortgage broker in Doncaster can provide expert guidance to ensure the plan aligns with your financial goals.
No, a lifetime mortgage doesn’t mean you’re permanently tied to the plan. Many lifetime mortgages include flexible options, such as voluntary payments to reduce the balance or remortgaging to a new product if your needs change.
Working with a mortgage broker in Doncaster ensures that your plan is reviewed regularly and continues to meet your long-term 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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4.99 Rating101 Reviews
Nicola
Very easy to deal with, answered all my questions and put me at ease. Would highly recommend.
6 months ago
Katrina
Fantastic service. so helpful and friendly would highly recommend to anyone and especially Wayne and Chloe they have been with us every step of the way, thank you so much for helping us with our first mortgage
6 months ago
Thomas
Fantastic, very attentive and helpful throughout the whole process
7 months ago
Thomas
Very helpful
7 months ago
Glenn
Excellent customer service. Matt & Lizzi were great with communication throughout the process. Mortgage achieved as promised.
7 months ago
Valy-Sorinel
The best mortgage advisor
9 months ago
George
Great service from Daniel, we are remortgaging this summer and found the best option with his help.
10 months ago
Harrison
The service provided by Tom was brilliant and he was always available to offer support and advice throughout the process. Me and my partner were first time buyers and it couldn’t have been made any easier due to the service provided by Tom and his...
11 months ago
Beth
We have used Jason twice to sort our mortgage after one house fell through. He has been accommodating around working hours and always responds rapidly. Always has good advice and understands any questions we weren’t quite sure on. I would...
11 months ago
Beth
I would recommend using moneyman, Jason has supported us through getting two mortgages, following one house falling through! It made the process much less stressful and he kept us up to date with everything.
1 year ago
Louis
Very good customer communication
1 year ago
Anne
Very helpful and professional
1 year ago
Hayley
Thorough, prompt and personal service. I can not recommend enough. Chris has been excellent to deal with. I would definitely use again
1 year ago
Umar
Great team, excellent communication and makes the process a lot easier. Definitely recommend using them for the support.
1 year ago
Ben
2nd time using these guys and they deliver every time. Brilliant customer support as always
1 year ago
Dean
Excellent service
1 year ago
Mariola
We used Tom as our mortgage adviser and he was brilliant. Answered all our questions, put us at ease throughout the whole process and even scheduled meetings around our schedule - which was quite busy at the time. The whole team was super helpful...
2 years ago
Samantha
Absolutely fantastic service from Leo and Meghan. Everything was done so quickly after the initial call, and everything was explained clearly. Couldn't have asked for a better service, thank you.
2 years ago
Abbiegail
Thank you so much to Ryan and Lynsey for helping us find the perfect mortgage for my family! Great communication and help throughout the process. Will definitely be recommending to friends and family in the future
2 years ago
Shacheesh
both Jason and Molly have been extremely professional and efficient in the complexities of mortgage application allowing the application to go through within a week from contact. Excellent work.
2 years ago
We start with a free lifetime mortgage appointment in Doncaster with one of our experienced advisors. This no-obligation session allows us to understand your financial goals and explore whether a lifetime mortgage is right for you. It’s a chance for you to ask questions, learn about the options available, and receive expert mortgage advice in Doncaster tailored to your individual needs and future plans.
Equity release may not always be the best option, and our advisors will ensure you consider all alternatives before making a decision. Depending on your situation, options like downsizing, accessing savings, or exploring other financial products could be more suitable. We provide impartial advice to help you choose the most effective solution for your circumstances in Doncaster.
Deciding on a lifetime mortgage is an important step, and we encourage you to involve your family or other trusted individuals in the process. Open conversations can help ensure that everyone understands the potential implications for the future. Our mortgage advisors in Doncaster are available to provide clarity and support during these discussions, helping everyone feel confident about the decision.
After fully assessing your needs and exploring all alternatives, we’ll provide a personalised lifetime mortgage recommendation. This includes details about the product, lender, and features that match your financial goals. Our mortgage advisors in Doncaster will guide you through the process with transparency and care, ensuring you feel secure in your choice every step of the way.
Take advantage of a free mortgage review with our experienced mortgage advisors in Doncaster. This no-obligation service provides tailored mortgage advice in Doncaster, helping you explore your options and make the right financial decisions for your future.
As a reliable mortgage broker in Doncaster, we work with a wide range of lenders to find a deal that fits your financial needs. Our goal is to ensure you’re matched with the best product for your circumstances, whether it’s a lifetime mortgage or another option.
Our mortgage advisors in Doncaster pride themselves on delivering outstanding service from start to finish. We provide honest, professional guidance at every stage of the process to ensure your experience is smooth and stress-free.
We know flexibility is important, so our mortgage advisors in Doncaster are available seven days a week. Whether you need mortgage advice in Doncaster during the week or at the weekend, we’re here to provide support whenever it’s convenient for you.
A lifetime mortgage is an effective way for those aged 55 and over to supplement their retirement income, providing financial freedom and stability.
This option allows you to access equity in your property to cover daily expenses, handle unexpected costs, or enjoy your retirement fully.
A mortgage broker in Doncaster can help you explore plans that suit your goals and circumstances.
Many use a lifetime mortgage to offer financial support to family members, such as helping with a house deposit or funding education costs.
By releasing equity, you can provide assistance while retaining ownership of your home.
Our mortgage advisors in Doncaster are here to guide you through the process and ensure it aligns with your priorities.
Those aged 55 and over often use a lifetime mortgage to finance home improvements or adaptations.
Whether upgrading your bathroom, renovating your kitchen, or making accessibility adjustments, this option enables you to enhance your living space without needing to move.
Trusted mortgage advice in Doncaster ensures you find the right solution to support your renovation plans.
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Doncastermoneyman.com & Doncastermoneyman 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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Doncastermoneyman.com & Doncastermoneyman 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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