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If you are aged 55 or over, happen to be a homeowner (with or without a mortgage) and your property is worth at least £70,000, you may be eligible for taking out an equity release plan. Having an equity release plan in place will grant you the chance to release a selected amount of the value of your home, either as a lump sum that is tax-free, or via a series of much smaller sums, that you can take out during a specified period of time.
As a company, Manchestermoneyman specialise in providing a complete service with mortgage advice in Manchester, brought to you by open & honest, professional later life mortgage advisors in Manchester.This service is backed up by a hard working team of dedicated case managers, ensuring that your equity release plan is effectively and accurately put in place, keeping you informed all throughout.
Your trusted and experienced later life mortgage advisor in Manchester will review your current circumstances in-depth, as well as your past experiences and what it is you would like to achieve as time progresses. This gives your advisor an indicator as to whether equity release in Manchester, or an perhaps something else, is the appropriate next step for you to take.
If an equity release plan is indeed the best route for you to take, it also allows your later life mortgage advisor in Manchester to find the most suitable product that benefits you now and also further down the line, in the future, from the whole of the market.
You will find that there are two main types of equity release available in Manchester – the lifetime mortgage, available to homeowners who are aged 55 and over, as well as the home reversion plan* (which will involve selling all or a portion of your home).
Whether you are looking to raise the funds to help out any of your kids or grandchildren, pay off an existing mortgage that you have or any other debts you have in your name, make much needed home improvements or alterations, or make a boost to your income to cope with the increased cost of living, our team of fast and friendly later life mortgage advisors are here to help you reach success in your aims.
A lifetime mortgage in Manchester will allow eligible homeowners the choice to release tax-free money from the value of their own home. You get to retain complete ownership of your home and you will be able to stay there for the rest of your life. As a general rule of thumb, the loan amount of a lifetime mortgage in Manchester will be repaid from the sale of your home either once you are dead or have moved into long-term, permanent care (with two borrowers this will apply to the surviving borrower).
In more recent memory, lifetime mortgages in Manchester are much more flexible than they were, with customers now having the options to make voluntary payments, monthly interest payments and the ability to port your mortgage to another property, should you decide to move home at any point in the future.
For any further mortgage advice in Manchester regarding lifetime mortgages, later life lending or equity release in Manchester, it is worth seeking expert mortgage advice from someone who is a specialist in this mortgage field, such as Manchestermoneyman.
Book your free initial mortgage appointment and speak with a mortgage broker in Manchester, where you will benefit from an in-depth discussion with one of our later life mortgage advisors. They will happily take a look at your options for releasing equity in Manchester and advise on the most suitable route for you to take.
To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.
A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.
A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
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Charlie has been so helpful and very approachable. The whole team at ManchesterMoneyman have been great. Highly recommend to others!
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We have used Manchester money man a few times now and always find them to provide us an excellent service. They offer all options and explain the pros and cons of each allowing us to make an informed decision. Could not recommend highly enough
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When you schedule a free initial mortgage appointment with our laterlife mortgage advisor in Manchester, we will engage in a thorough conversation regarding your objectives and strategies concerning inheritance.
While equity release and lifetime mortgages remain viable options, we consider them as last-resort solutions. Our belief is that there might exist a more suitable alternative tailored to your specific circumstances.
Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.
In the event that equity release is determined to be either suitable or unsuitable for your needs, our knowledgeable later life mortgage advisors in Manchester will direct you to the appropriate services that can further assist you in devising your plans.
As a reputable and trusted mortgage broker in Manchester, we have been helping our customers to achieve the mortgage goals they have their hearts set on for over two decades.
Our open & honest mortgage advisors in Manchester have the same level of passion and dedication that they have helping people with standard residential mortgages, in presenting whole of market lifetime mortgage advice in Manchester for our older and truly valued customers.
We always do everything that we can to help you clear every mortgage hurdle in your way, no matter the complexity of said hurdle! Here at Manchestermoneyman, we love to be challenged and will always put you first, with your best interests at heart.
Your family is always encouraged to be a part of the lifetime mortgage advice process and we will always accommodate the various needs and situations our customers are in, if we are able to do so.
Once you have spoken to someone in your free equity release and lifetime mortgage advice appointment, your dedicated and affable mortgage advisor will look for the perfect lifetime mortgage deal in Manchester, that applies to your current situation, as well as how you feel your future circumstances may change.
We will be there to support you from the beginning of your process, all the way until the end. With our ever present guidance and support, we will work through your mortgage experience together as a team, reducing your stress in any way we can.
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Manchestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Manchestermoneyman 2025.
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Manchestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Manchestermoneyman 2025.
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