Certainly, as a trusted mortgage broker in Doncaster, we providers of different types of mortgages options for individuals aged 60 and above. Here are the primary services we offer:
As providers of expert mortgage advice in Doncaster, the following are six main types of mortgage products available for those individuals who are 60 years of age or older:
Those over 60 seeking mortgage advice in Doncaster should consider consulting an mortgage broker like ourselves, who are experts in assessing options for later life. We can contrast the various types of mortgages accessible to you.
Please remember that equity release should not be your first choice in mortgage lending once over 60, as there are many more affordable options to explore.
Our team is eager to listen to your individual aims during our no-cost, obligation-free consultation and provide tailored advice that could save you significant money and time.
We are here to clarify any inquiries you might have regarding your mortgage options for persons over 60. We can also discuss the specifics of life insurance for over 60s if needed.
We’ve assisted numerous clients who are 60 years old or over in their home relocation journeys. Depending on your individual circumstances and property plans, there are several mortgage options specifically designed for those aged 60 and above.
Whether you fully own your home or look to refinance an existing mortgage, our consultation involves exploring your affordability and sources of income, which may include pensions, self-employment, employment, or income from investments.
During your free mortgage appointment, our dedicated team of mortgage advisors in Doncaster evaluates your unique situation and advises the best course of action.
From our extensive experience, we have found that clients over 60 often consider moving homes for reasons such as downsizing to a smaller or larger property, relocating, proximity to family, selecting a property more suitable to their needs like a bungalow or one with disabled access, being close to their grandchildren’s schools, dealing with divorce settlements, or downsizing to pay off debts or make substantial purchases.
Refinancing mortgages for clients who are 60 or older can range in difficulty, with some being quite simple while others might be more complicated. Here are the usual reasons why our clients who are aged 60 and over opt for refinancing:
If you’re near 60, still working, and have significant equity, we can probably arrange a standard mortgage for you. The feasibility depends on various factors like your income, expenses, and the amount you wish to borrow.
If this isn’t applicable due to your circumstances, our team of mortgage brokers can look into more appropriate retirement mortgages and suggest the most beneficial course of action for you.
If you’ve owned a property for a substantial amount of time and have built up equity, regardless of whether you are still paying off a mortgage or not, it’s highly possible for you to access tax-free equity from your home.
Those aged 60 and above often opt to tap into their equity for a wide array of reasons, such as:
Choosing the most appropriate mortgage product hinges on your individual circumstances, income, and intentions for the property. If you’re 60 or older and are thinking about releasing equity, we’re ready to answer all your questions and offer a recommendation that’s uniquely suited to your needs.
Choosing a remortgage specifically designed for home improvements can be a smart method to fund the enhancement of your residence. As a homeowner for an extended duration, you can possibly find yourself in a position where you have accumulated considerable equity that can be utilized to upgrade your living area.
Homeowners over 60 often opt for remortgaging for home improvements, undertaking endeavors such as building extensions, creating new rooms or living spaces, remodeling kitchens or bathrooms, improving accessibility with features for disabled access, installing new windows or doors, beautifying gardens, building a home gym or office, making new driveways, garden rooms, summer houses, or performing loft or cellar conversions.
Our assortment of mortgages for clients over 60 is designed to facilitate these improvements. When aligned with your budget, borrowing against your property through remortgaging can often yield a lower interest rate in comparison to a personal loan.
Moreover, carrying out these renovations could potentially enhance the long-term value of your residence.
Finding yourself 60 years or older and considering the idea of merging your debts into one monthly mortgage payment, it’s crucial to seek expert mortgage advice. Frequently, clients in this predicament feel shackled, only able to make the smallest payments on interest-heavy credit cards, resulting in little decrease in the outstanding balance. As the prospect of retirement nears, managing these financial obstacles can generate stress, especially when factoring in dependency on pension income.
Choosing debt consolidation mortgages designed for individuals over 60 demands meticulous consideration. Lack of counsel from a seasoned mortgage broker might lead to a deteriorating financial predicament, even posing the threat of repossession.
Typical situations amongst our 60+ clientele seeking debt consolidation remortgages encompass settling credit card debts, repaying privately obtained loans, clearing store card balances, and concluding car loan payments.
Our committed team of mortgage brokers will thoroughly evaluate your unique circumstances and the associated costs of your debts, providing recommendations specifically tailored to your personal financial goals.
Our Customers Love Us
4.99 Rating101 Reviews
Nicola
Very easy to deal with, answered all my questions and put me at ease. Would highly recommend.
3 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
3 months ago
Thomas
Fantastic, very attentive and helpful throughout the whole process
4 months ago
Thomas
Very helpful
4 months ago
Glenn
Excellent customer service. Matt & Lizzi were great with communication throughout the process. Mortgage achieved as promised.
5 months ago
Valy-Sorinel
The best mortgage advisor
7 months ago
George
Great service from Daniel, we are remortgaging this summer and found the best option with his help.
7 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...
8 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...
9 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.
9 months ago
Louis
Very good customer communication
11 months ago
Anne
Very helpful and professional
11 months 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
If you book a free mortgage appointment with our laterlife mortgage consultant in Doncaster, we'll have an in-depth discussion about your goals and plans related to inheritance.
Equity release and lifetime mortgages continue to be feasible choices, however, we view them as solutions of last resort. It is our conviction that there may be a more appropriate option available that is tailored to your individual situation.
Understanding the importance of mortgages for later life, we highly recommend that you include your family members or other trusted persons in our conversations.
Should it be established that equity release is either appropriate or inappropriate for your requirements, our experienced later life mortgage consultants in Doncaster will guide you towards the suitable resources that can aid you in formulating your strategies.
After your complimentary consultation regarding equity release and lifetime mortgage advice is finished, your advisor specializing in mortgages for later life will search for the ideal lifetime mortgage option in Doncaster that aligns with your present personal and fiscal circumstances, as well as any potential future changes.
Guided and supported by our team, you can relax throughout the entire mortgage journey. Our goal is to be the top in our field!
We commit to being by your side throughout the entire mortgage process. Our consistent assistance and dedication will aim to alleviate your stress as we move forward on this mortgage journey together.
As a quick & approachable, transparent & trustworthy mortgage advisor in Doncaster, we have been joyfully assisting clients in fulfilling their mortgage aspirations for over twenty years and still going strong.
No, it’s not too late to acquire a house beyond the age of 60. Numerous individuals continue to invest in houses throughout their 60s, and even beyond. Often, elder clients decide to relocate to be nearer to their family members or to scale down to a more compact property.
It’s critical to take into account your personal financial circumstances and aspirations before making any commitments, but age in itself is not a decisive factor in your ability to buy a house.
Having a conversation with a mortgage broker in Doncaster is essential and could result in significant long-term savings. The mortgage field for those over 60 is specialized and entails many factors. It’s not the sort of thing that you could simply compare deals online and so on.
It is not instilled, we have the ability to provide a comprehensive selection of mortgage options for individuals aged between 18 and 100+. Your mortgage consultant will suggest the most suitable product for you depending on your age, earnings, and objectives. There is a variety of mortgages accessible that comprise of fixed and variable interest rates.
Indeed, obtaining a mortgage post-retirement is possible, with numerous mortgage alternatives accessible to you. Which option your mortgage broker will advise heavily relies on numerous elements. Considerations such as your ability or desire to make monthly payments, the amount you intend to borrow, and your pension income will be deliberated upon.
Indeed, this is one of the main reasons that many older clients reach out to us — they wish to be debt-free in their retirement years. Frequently, they struggle to make their credit card and loan repayments with their pension income.
As previously mentioned, the most suitable type of mortgage for you will be advised by your mortgage broker. Often referred to as a debt consolidation mortgage, this particular type of mortgage comes with its own risks. This is mostly due to the fact that you’ll be taking unsecured credit and securing it against your home.
The extent of these risks will be influenced by the specific type of mortgage recommended by our experts, and every potential risk associated will be thoroughly explained to you, ensuring that you fully comprehend any possible consequences, including repossession.
Speak to an Advisor – It’s free!
7 Days a Week, 8am – 10pm