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Are you wondering if you can secure a mortgage even if you’re over 50? Rest assured, there are numerous options available for homeowners and prospective buyers in this age bracket.
We are a dedicated mortgage broker in Manchester, focusing on providing tailored advice for those in the later stages of life. Our expertise lies in assisting with various aspects of mortgages for the over 50s in Manchester, including remortgaging, purchasing properties, releasing equity, and even addressing challenges like bad credit or debt consolidation.
If you need guidance on any other mortgage-related matter, book your free mortgage appointment with one of our experienced mortgage advisors in Manchester. Don’t hesitate to explore your options and secure the right mortgage solution for your unique situation.
Discover the diverse world of mortgages tailored for the over 50s demographic in the housing market. Embrace a range of options that cater to your unique financial situation and preferences, whether in a solo applicant or with a partner:
Venture into the mortgage world with caution and a wealth of information. Seek a personalised illustration from our experts to navigate the features and risks associated with each option. Be mindful that opting for a lifetime mortgage or a home reversion plan may impact your estate’s value and eligibility for means-tested benefits, with the loan amount plus interest becoming due upon your passing or transition to long-term care.
Connect with our mortgage advisors in Manchester for a complimentary free mortgage appointment today and embark on your mortgage journey with confidence and clarity. Your financial well-being matters, and we are here to guide you every step of the way.
Being a trusted mortgage broker in Manchester, we provider tailored mortgage advice in Manchester for clients aged over 50. Our dedicated team offers impartial guidance to help you find the most suitable mortgage products that align with your unique requirements.
When recommending mortgages for the over 50s, our experts take into account various factors, including whether you are looking to purchase a new property, remortgage your current one, or release equity through an application. We also consider if the mortgage will be in your sole name or joint names, your future plans for the property, your credit history, existing debts, current income, and anticipated future income like pension provisions. Assessing affordability is crucial to determine if you can comfortably manage monthly mortgage payments.
Should you have any queries regarding mortgages tailored to the over 50s demographic, we are here to provide clarity and support. Additionally, we can explore the option of over 50s life insurance to further safeguard your financial well-being.
Do not hesitate to reach out to our experienced advisors for a free mortgage appointment. Let us assist you in navigating the complexities of mortgages for the over 50s, ensuring you secure a suitable financial solution for your needs.
Our Customers Love Us
4.96 Rating457 Reviews
Gary
This team is fantastic! They handle everything, making the whole process incredibly easy and hassle-free. I highly recommend them!
14 hours ago
Michelle
I would high recommend this service they were amazing, and very professional. They were helpful throughout the whole process.
2 days ago
Michelle
Amazing service, extremely helpful and professional. Would highly recommend. Very happy with the service
1 week ago
Mrs Vanessa
Brillant. Helped us with non-standard employment conditions and were very efficient at getting everything sorted. Also very easy to get hold of. We always use a paid broker, their fee is very reasonable for the efficiency and personal service you...
1 week ago
Matthew
Can not speak highly enough of the people I have spoken to and the service I have received from the team. Charlie and Debbie are a credit. None patronising, easy to speak to, welcoming and very helpful. Will continue to recommend to friends.
2 weeks ago
Ruth
Excellent experience with Matt and Stacey from UK moneyman. As first time buyers they made this experience easy and stress free. I'd really recommend using UK moneyman! 10/10!
2 weeks ago
Christopher
Brilliant service. Knowledgeable & very professional.
3 weeks ago
Mrs Claire
Very helpful got us a mortgage a lot sooner than we expected. Very happy
1 month ago
john
Louise was absolutely outstanding !!! We had a few issues with the property we were purchasing and Louise was so helpful in getting us the answers we required from the lender within a timely manner. I spoke with Louise regularly and she was...
1 month ago
Jiri
Leo from Manchester Moneyman was very helpful and efficient in securing us a mortgage on much better terms than our bank could offer. Thank you!
3 months ago
Olusola
The process has been stress free from the start to the end. The team has been helpful. I will definitely recommend Manchester Moneyman to people.
3 months ago
John
We've used UK Moneyman for two house purchases and remortgaging our current home. The team are unfailingly professional and lovely to work with. I'd recommend them to anyone in need of an excellent mortgage broker.
4 months ago
Alanya-Lee
As first time buyers, we needed all the support and guidance we could get. Tom was fabulous, honest and genuinely had our best interest at heart. He answered all of my silly questions and was always a phone call away.
4 months ago
Chiara
Worked with Malcolm and Debbie! Couldn’t recommend them enough. Thankyou for all your help!
4 months ago
Marco
Leo went above and beyond to provide all the information and assistance I needed to secure my dream property. Very friendly and professional. Highly recommended!
5 months ago
Stephanie
Originally took mortgage out 5 years ago and have just re-mortgaged with them. As this was a product transfer and I was a returning customer this was a no charge for this service. Can’t ask for better than that. All paperwork done by them and I...
5 months ago
Chris
Amazing service from start to finish!
5 months ago
Paul
Malcolm was very helpful and efficient.. definitely would recommend their services.
6 months ago
Amy
The whole team was super friendly and helpful, spent a lot of time navigating my challenging circumstances, and got me a better rate than I ever expected.
6 months ago
Alan
The team are extremely efficient and professional and always willing to help. Especially Paula. I’d have no hesitation to recommend them to my friends and family.
6 months ago
The mortgage market for individuals aged over 50 has seen a significant evolution, with numerous lenders embracing innovation to cater to this specific demographic. New mortgage products have emerged, tailored to the unique financial needs and circumstances of older borrowers.
This shift highlights the industry’s acknowledgement of the diverse requirements of individuals seeking mortgages later in life.
Securing a mortgage is not age-restricted, but the most appropriate mortgage options for you will be determined by factors like your age, income, and financial capability. For individuals aged 50 and above, various mortgage options are within reach, including purchase, remortgage, and capital raising mortgages.
While certain mortgage types have fixed end dates, like capital repayment and interest-only mortgages, others, such as retirement interest-only mortgages and lifetime mortgages, do not come with specific end dates. It’s crucial to choose the right mortgage based on your unique circumstances.
Our expert team of mortgage advisors in Manchester are dedicated to guiding you towards the most suitable mortgage solution tailored to your individual needs. We understand the importance of finding the best way forward in the mortgage process, taking into account your age and financial situation.
Rest assured it’s never too late to invest in a new property, even in your 50s, 60s, or beyond. Many individuals opt for homeownership later in life for various reasons such as relocating closer to family, grandchildren, and schools, or due to personal circumstances like separation or divorce.
As a mortgage broker in Manchester, we cater to clients aged 50 and above with a range of mortgage options tailored to their needs. It’s essential to assess your financial situation and objectives before taking action; but remember, age shouldn’t be the sole factor in determining your ability to become a homeowner.
Don’t let your age hold you back from achieving your property ownership dreams!
Book a free mortgage appointment to speak with our specialist mortgage advisors in Manchester, tailored specifically for the over 50s.
During this appointment, we will delve deep into your financial goals and plans for inheritance.
Although equity release and lifetime mortgages are available options, we view them more as a final resort.
We will evaluate and exhaust all of your other options before going down this route.
We highly recommend inviting your family members or other trusted individuals to your mortgage appointments.
It is crucial to have a support when making decisions about later life mortgages in Manchester.
Our experienced team of mortgage advisors in Manchester will aim to find you a product that aligns with your personal and financial sitution.
We will not only assess whether equity release is the right option for you but also connect you with the necessary services to help you shape your financial future.
Every customer can benefit from a free mortgage consultation with one of our experts. You can either book this online or give our team a call and we can arrange a date and time over the phone.
Pick a date and time that best suits your personal and working schedule!
With over 20 years of experience as a mortgage broker in Manchester, we take pride in assisting our clients in accomplishing their mortgage objectives - this is reflected in our 5-star customer reviews.
Our devoted mortgage advisors in Manchester are committed to providing the same level of care and expertise when it comes to assisting our cherished older clientele with lifetime mortgage solutions from the entire market.
At Manchestermoneyman, we pride ourselves on our commitment to helping you overcome any mortgage obstacle that comes your way, no matter how challenging it may seem. We thrive on challenges and prioritise your needs, ensuring your best interests are always at the forefront of our service.
We believe in involving your family in the journey of seeking lifetime mortgage advice and strive to cater to the diverse needs and circumstances of our clients whenever possible. Our goal is to make the mortgage process as smooth and tailored to your specific situation as possible.
As a mortgage broker in Manchester, we stand ready to assist you throughout your entire mortgage journey, from start to finish. Our unwavering support and expert guidance are here to walk you through every step of the process, ensuring a smooth experience.
We are available 7 days a week to ensure that you can get the advice that you need at a time that is convenient to you.
As a mortgage broker in Manchester, we have successfully assisted numerous clients aged 50 and above in their home moves. Whether you are looking to downsize, upsize, relocate, or simply find a more suitable property, there is a plethora of mortgage options tailored for the over 50s to explore.
Regardless of whether you own your home outright or currently have a mortgage that needs refinancing, our dedicated mortgage broker team is here to provide you with a free mortgage appointment.
During this session, we will delve into your income sources, which could include pensions, self employment, employment, investment income, or a combination, to determine the most suitable mortgage solutions for your circumstances.
Remortgaging for individuals over 50 can vary in complexity, with some cases being straightforward while others present challenges. Here are some common reasons why our clients aged 50 and above opt for remortgaging:
Our expert mortgage advisors in Manchester will guide you towards the most suitable remortgage solution for your unique situation.
As someone who has owned a home for some time and has accumulated equity, regardless of whether you still have a mortgage, you might be in a position to unlock tax-free equity from your property.
Numerous reasons prompt our clients aged 50 and above to consider releasing equity from their homes:
If you are 50+ age in Manchester and contemplating releasing equity, we are more than willing to address all your queries and offer you a tailored recommendation.
If you are a homeowner looking to renovate your property, a remortgage for home improvements could be a practical solution for funding your project. Over time, as a homeowner, you may have accumulated a significant amount of equity in your property, which can be used to enhance your living space.
Clients aged 50 and above often opt for remortgaging to finance various home improvement projects. Whether it’s extending the property, adding a new bedroom or living area, upgrading the kitchen or bathroom, enhancing accessibility or converting the loft or cellar – there are numerous possibilities to elevate the functionality and aesthetics of your home.
As a mortgage broker in Manchester, we offer tailored mortgage options tailored for clients aged 50 and above who are looking to embark on home improvement ventures
If you are 50 years old or above and contemplating the possibility of merging your debts into a single monthly mortgage payment, seeking professional mortgage advice in Manchester. Many individuals in this age group find themselves in a challenging situation of making minimum payments on credit cards, mostly covering interest fees, without seeing any significant reduction in the outstanding balance.
This can be particularly stressful and disheartening as retirement age approaches, and thoughts of relying on pension income loom ahead.
Opting for a debt consolidation mortgage for individuals over 50 without mortgage advice in Manchester may escalate the existing problem and even lead to the risk of property repossession.
Navigating the complex landscape of modern life can sometimes lead to financial challenges, and it’s not uncommon for our clients over 50 to face issues such as bad credit in Manchester. The encouraging news is that there are specialised mortgage lenders with options tailored to those with bad credit history, offering potential solutions for securing a mortgage in later stages of life.
When it comes to mortgages for the over 50s in Manchester, we often encounter clients with various types of bad credit, including County Court Judgements (CCJs), missed payments, bankruptcy, Individual Voluntary Agreements (IVAs), Debt Management Plans (DMPs), defaults, and a variety of other circumstances.
If you are in the 50+ age group and are looking to get a mortgage with a CCJ or any of the aforementioned credit issues, it’s highly advisable to consult with a mortgage broker in Manchester.
Read our 457 Reviews
Manchestermoneyman.com & Manchestermoneyman 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, Manchester, 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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Manchestermoneyman.com & Manchestermoneyman 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, Manchester, 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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