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If you are a homeowner who is over the age of 55, either with or without a mortgage to your name, you may qualify for taking out an equity release plan. Equity release plans will give you the option of release a particular amount of your homes value, into a tax-free lump sum or even as smaller sums that you can take out over a duration of time.
Yorkmoneyman specialises in providing a complete service with mortgage advice in York brought to you by qualified and experienced later life mortgage advice in York. This is backed up by an hard working and dedicated team of case managers, who will make sure that your plan is put in place as quick as we are able to do so, ensuring you are kept up-to-date all throughout your process.
Whether you are hoping to help out your children or grandchildren by raising money, to repay existing mortgages or other debts you have, carry out home improvements or boost your retirement income to help with things like the increased costs of living, our experienced, friendly advisors will work hard to help you accomplish your plans.
A lifetime mortgage in York gives a homeowner the ability to release tax-free money from the value of their home. You will still retain 100% ownership and you can stay in your home for the remainder of your life. Typically speaking, a lifetime mortgage in York will be repaid to the provider from the sale of your home after your death or have permanently into care (if there are two borrowers, this will apply to the last survivor).
In recent times, lifetime mortgages in York have become a lot more flexible in how they function, including options for homeowners to make voluntary payments, monthly interest payments and even move their mortgage to another property. For any additional mortgage advice in York when thinking about equity release in York, it is always worth your time seeking out the advice and support of a trusted specialist in the field, who has experience in helping homeowners like you to release equity.
Your trusted, open & honest later life mortgage advisor in York will take an in depth look at your current circumstances, your past experiences and what it is you are hoping and looking to do in the future. This allows them to identify whether equity release in York, or perhaps a more suitable alternative, is the right option for you.
If this option is appropriate for you to continue with, it also allows your later life mortgage advisor in York to find the most suitable product that matches up with both your current and future situation, from the whole of the market.
There are two main types of equity release in York that customers may be able to utilise – the lifetime mortgage which is available from the age of 55+ and the home reversion plan* (which involves selling all or a portion of your home).
*Both types of equity release plans, lifetime mortgages and home reversion plans, are regulated by the Financial Conduct Authority.
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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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
Xander Shooter
Malcolm and Lizzi and the rest of the team have provided first class service. Talking us through the mortgage process and assisting anywhere they could with the house buying world. Two phone calls and two video calls and boom mortgage done leaving no question unanswered. Absolutely brilliant service. Almost looking forward to remortgaging in a few years. 10/10 would recommend to anyone especially first time buyers.
4 Apr 2025
Neil Whitehead
Great service - personable, knowledgeable and efficient.
6 Mar 2025
Coral Berry
Very friendly and helpful staff. Fast completion and made getting our first mortgage much less stressful. Highly recommended!
23 Feb 2025
Katy Town
Brilliant service from Tom and Paula. They always kept us up to date and answered any questions we had. Paula kept things moving and in touch with the mortgage company to make sure everything ran smoothly.
3 Dec 2024
Jack Bowley
Massive thank you Matt Collinson and the UKMoneyMan team. They were the first company we reached out to for mortgage advice, and the warm welcome started right at the start. We've got all the advice and help we needed, and Matt worked with what we had and gave us what we believe to be the best deal possible. He's been absolutely wonderful dealing with and I can recommend his services to anyone who's in need of a mortgage broker. I'd give more stars if I could! Thank you Matt.
25 Nov 2024
Josh Broadbent
Malcolm and Amy are fantastic at what they do. It’s refreshing to deal with such competent & efficient people. Thank you for making the First Time Buyer process that little bit easier! Will recommend to friends & family.
23 Oct 2024
Daniela Saunders
Great service, incredibly helpful and quick with everything. We're FTB and they were amazing for us, got our mortgage within 3 days and everything was seamless
21 Oct 2024
When you schedule a free initial mortgage appointment with our laterlife mortgage advisor in York, 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 York will direct you to the appropriate services that can further assist you in devising your plans.
A fast and friendly, open and honest mortgage broker in York, we have been helping a wide variety of customers in achieving their mortgage and home owning dreams for over two decades and counting.
We believe that we are able to bring the same passion and dedication that we have for standard residential mortgages, to providing our older and valued customers with whole of market lifetime mortgage advice in York.
We always work hard so that we can overcome all of the mortgage hurdles that come our way, no matter how complex the situation may be; we love taking on a good challenge! We work for you (the customer), and no matter what, our dedicated team will always have your best interests at heart.
Your family is always encouraged to be part of the lifetime mortgage advice process and we will always accommodate customers different needs and situations is we are able to do so.
Following on from your free equity release and lifetime mortgage advice appointment, we will go on to search the market for the perfect lifetime mortgage deal in York, one that matches your personal and financial situation for this current moment in time, as well as how you expect this to change in the future.
Our team will be on hand to support you throughout the whole process. With our continuous guidance and support, we will work through your mortgage journey together, aiming to reduce as much stress as we are able to for you and your family.
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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