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Are you in your 60s and considering mortgage options? Look no further! Whether you wish to remortgage in Manchester to access tax-free equity, settle an interest-only mortgage, or relocate, we have tailored solutions for individuals aged 60 and above.
For those over the age of 60, there are four primary types of mortgages to consider. The most suitable option for you will depend on various factors such as your income, property plans, ownership structure (solely or jointly), and age.
This guide caters to individuals over 60 seeking mortgage solutions for their primary residence, not for investment purposes. In addition to assisting with buy to let mortgages for clients in this age bracket, we can also explore over 60s life insurance options to provide comprehensive financial planning.
Don’t hesitate to reach out to one of our mortgage advisors in Manchester for a free initial consultation. Let’s navigate through the mortgage options together and find the most suitable solution that fits your unique circumstances.
Are you considering getting a mortgage in Manchester but worried about your age being a barrier? Fear not, as securing a mortgage over the age of 60 is indeed possible. There are various reasons why individuals in their 60s may need a mortgage, such as releasing equity, settling interest-only mortgages, clearing debts, buying a new property, or managing divorce settlements.
Determining the amount you can borrow and the most suitable mortgage type relies on multiple factors. These include your age, whether it’s a solo or joint application, property intentions, reasons for seeking a mortgage, income (including pensions), credit score, and existing debts.
Seeking guidance from a later life mortgage specialist in Manchester is crucial. They will assess your situation thoroughly, explain the available options, and ensure you comprehend the features and potential risks associated with each recommendation.
As your mortgage broker in Manchester, we have helped many clients aged 60 and above on their journey towards a new home. For individuals in this age group, there are specialised mortgage options available to suit their unique circumstances and property aspirations.
Whether you are a homeowner looking to outright own your property or you are considering refinancing an existing mortgage, our team is here to guide you. We take a holistic approach to assessing your financial situation, taking into account various sources of income such as pensions, self-employment, employment, or investment earnings.
Our mortgage appointments are provided free of charge. During this process, your mortgage advisor in Manchester will analyse your individual needs and circumstances to provide tailored recommendations for your specific situation.
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.
Our Customers Love Us
4.96 Rating488 Reviews
Danielle
We can’t thank Malcom and his team enough for getting us on the property ladder. A year ago we didn’t think it was possible but they did everything they could to find us our mortgage. Thank you so much!
1 week ago
Sameer
Conor is always outstanding with his follow through and team is fantatsic. Always a joy to deal with. Cheers.
2 weeks ago
Danniela
The service was absolutely amazing. Lee was very easy to communicate with and very helpful.
3 weeks ago
Peter
The whole process went well and perfect
1 month ago
Albert
Excellent customer service provided experts who fully support their clients.
1 month ago
Alina
Matt and the team have been brilliant! Really knowledgeable, got everything sorted out so efficiently and quickly! Can't ask for better service! Will definitely be recommending to my friends!
1 month ago
Linda
We were offered a really poor mortgage deal by our own bank (despite banking with them for over 40 years), and their adviser didn’t seem to know how to help us. A colleague suggested trying a mortgage broker, so we searched online and found...
1 month ago
Frederick
Experience team, very helpful, understanding, patient, work as a team.
2 months ago
Helen
Debbie and Chris have been amazing. Keeping me informed every step of the way. Recommend UK Moneyman
2 months ago
Timothy
Great service from the start, will certainly use them again.
2 months ago
Habib
Really good service,Jason and Stacy were really good and made it easy
2 months ago
Bryn
Charlie was pleasant, thorough and efficient. In just half an hour he had explained several different options for my remortgage and we had come to an agreement on how to proceed. Such a great service!
3 months ago
Michael
The service was excellent with a personal advisor walking me through the process end to end, answering any questions I had throughout. Would highly recommend to anyone!
4 months ago
Dawn
Leo Shakespeare and Stacey Moss have been Fantastic throughout the process of getting our mortgage they have been in contact throughout explaining everything to us from start to finish we can not thank them both enough for helping with this process...
4 months ago
Deborah
Excellent and friendly customer services
5 months ago
Dr William
Charlie has been so helpful and very approachable. The whole team at ManchesterMoneyman have been great. Highly recommend to others!
5 months ago
John
Charlie was friendly, thorough and full of advice, which was great as a first time buyer. He was also very accommodating of my extra needs due to my loss of hearing, which is quite rare in my experience. I’d highly recommend Manchestermoneyman and...
5 months ago
Anonymous
Chris - our mortgage broker has been incredible throughout the process. Very pleased with the service offered and will be back when we need to remortgage.
5 months ago
Anonymous
We received a great service, no hassle for us, they worked quickly with initiative and secured a good product.
6 months ago
Mr.
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
6 months ago
Book a free initial mortgage appointment with our mortgage specialists in Manchester catering specifically to the over 60s age group.
During your appointment, we will delve deep into your goals and approach towards inheritance planning.
As a mortgage broker in Manchester, we can look at equity release and lifetime mortgages if we need to.
Let’s work together to find a mortgage solution that caters to your needs and preferences.
Recognising the importance of mortgages for individuals over 60, we highly recommend including your family members or trusted advisors in our consultations.
The insight and support of loved ones can prove invaluable when navigating the world of mortgages tailored for the later stages of life.
If you are considering options like equity release for your financial needs, our experienced mortgage advisors in Manchester are here to find the perfect product for you.
Whether equity release is the right fit for you or not, our team will steer you towards the right resources to help you tailor your financial plans effectively.
We have been helping clients through their mortgage journey for over 20 years!
We take pride in offering comprehensive advice from across the market, ensuring our older clients receive tailored solutions that align with their unique needs and aspirations.
We are dedicated to assisting you in overcoming any mortgage obstacles that may come your way, regardless of their intricacy. We thrive on challenges and prioritise your needs with utmost care and consideration.
We believe in involving your family in the journey of lifetime mortgage advice, ensuring that everyone’s needs and circumstances are taken into account wherever possible.
During your free initial mortgage appointment, your dedicated mortgage advisor in Manchester will diligently seek out the ideal mortgage package tailored to your present needs and potential future adjustments.
Our team work 7 days a week to allow you to get in touch at a time that suits you.
You can book your free initial appointment for the morning, during the afternoon or later in the evening – pick a time that fits around your schedule!
Read our 488 Reviews
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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