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A lifetime mortgage in York is a popular type of equity release product designed for homeowners aged 55 or over.
It allows you to unlock a portion of your property’s value as tax-free cash while retaining ownership of your home and repaying the loan when the property is sold.
There are two main types of lifetime mortgages in York: lump sum and drawdown.
Lump sum lifetime mortgages provide a single, larger payment upfront, ideal for significant expenses or investments.
Drawdown lifetime mortgages, on the other hand, let you access smaller amounts over time, offering flexibility and reducing the interest accrued on unused funds.
Whether a lifetime mortgage in York is right for you depends on your financial needs and long-term plans.
It’s an excellent option for accessing equity while staying in your home, but getting mortgage advice in York can ensure that it aligns with your goals.
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 £1295.
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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67 5 Star Reviews
Ashlynn Hudson-Welburn
Chris Wardill was fantastic. Took all the stress out of the process, advising us and doing a significant amount of the admin and research that our house buying endeavour required. He was very amicable and knowledgeable, and made the process very straightforward for us.
20 Sep 2026
Jenny
Alex, my adviser, provided a very helpful and friendly service throughout my mortgage application. Communication was excellent, and I was kept fully informed of the progress at every stage. I genuinely think that Alex wants to find the best deal for his customers and was willing to put in the time and effort to achieve this. He was also flexible with appointments and phone calls, working around my availability, which made the process easier. I would definitely recommend Alex to anyone looking for a knowledgeable, helpful and approachable mortgage adviser.
3 Sep 2026
Chris Hall
We had excellent service from YorkMoneyman. From start to finish. Conor.Paula and Jo did a really great job for us. Explained everything so well and got us the deal we required quickly . Won't hesitate to use them again.
28 Aug 2026
Kirsty Ribeiro
Fantastic service with MoneyMan and specifically Chris and Jo We have used them since being first time buyers and remortgaging, and now with moving house They are very professional, friendly and helpful, they explain everything in plain English and answer all our questions quickly and have helped explain everything every step of the way, and made it very clear everything that is needed and why and all our options and the pros and cons of each I have recommended Moneyman to friends and family and will continue to use them again and again in the future
19 Aug 2026
Alasdair Hamilton
I haven't given 5 stars because I don't believe that anything is perfect. But I can say that I received excellent service and great communication. Our house purchase was not straightforward but the mortgage application was made simple.
29 Jun 2026
Hannah Ellam
jade and joe were great - super helpful and made the process easy for us as first time buyers:)
29 Jun 2026
Marvin van Schalkwyk
Dan was helpful, professional, and explained every step on our application clearly.
9 Jun 2026
Florence Williams
Very helpful, friendly and efficient team. Thank you for making the whole process as smooth as possible
4 Dec 2025
Loren Kinera
Tom made the entire process easy. He communicated throughout and was very quick! We will definitely be using him again and would recommend to any friends and family.
25 Sep 2025
Sarah
Absolutely brilliant service from Matt and Lizzie - both friendly , efficient and very helpful ! Highly recommend :)
10 Apr 2025
Start your journey with a free initial mortgage appointment to discuss your lifetime mortgage options in York and how they could work for you.
We’ll explore a range of lifetime mortgage options in York to find the most suitable product tailored to your needs and goals.
Once you’ve chosen the right lifetime mortgage in York, we’ll guide you through the application process to ensure it’s straightforward and stress-free.
The final step is completion, where your lifetime mortgage in York is finalised, and you can access the funds to support your retirement plans.
We offer a free initial mortgage appointment to discuss your lifetime mortgage options in York without any obligation.
This personalised session is designed to help you understand your choices and make informed decisions.
Our team explores a wide range of lifetime mortgage options in York to find the most suitable deal for your unique needs.
With access to multiple lenders, we ensure you get the most suitable product available.
We provide a professional yet friendly service to guide you through every stage of your lifetime mortgage in York.
Our goal is to make the process simple, transparent, and stress-free from start to finish.
We’re available 7 days a week to assist with your lifetime mortgage in York, offering support at times that suit your schedule.
Whether you need advice or updates, our team is here to help whenever you need us.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Yorkmoneyman 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.
© Yorkmoneyman 2009–2026
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Yorkmoneyman 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.
© Yorkmoneyman 2009–2026
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