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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 £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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4.96 Rating213 Reviews
Steven
Very happy with the level of service, helped us through every stage at no point did we feel like we didnt know what was going on.
1 month ago
Rebecca
Charlie was brilliant. Very friendly and efficient. Would definitely recommend.
2 months ago
nicholas
simple process with friendly and helpfull staff
3 months ago
Sarah
Fantastic, friendly service from a super efficient and highly knowledgeable team! This was the first time we've been through the process and we were fully supported at every stage.
3 months ago
Anonymous
Amazing team. Honest and helpful throughout. Malcolm is wonderful.
4 months ago
Lewis
Excellent, thorough service that is definitely worth the money.
4 months ago
Phil
Absolutely brilliant service from Conor and the rest of the team. I was provided clear details and guidance around my options and they made the process an absolute breeze. Really took the headache out of what can be a very stressful process. Would...
5 months ago
Raphaella
Brilliant service helping me to remortgage.
6 months ago
Katy
Matt and the team have been great. Quick turnaround from AIP to formal offer. Good advice and explained well in the initial stages. Overall very easy and simple process.
7 months ago
Nathan
Matt Collinson and his support team are brilliant, second time of using them and both times have been very smooth and simple! They have enabled to to exceed all my expectations the houses I would be able to purchase!
7 months ago
Reece
Very helpful, very efficient. Good service from a good team.
8 months ago
Anonymous
Made the remortgaging process very simple and completely painless! Highly recommend.
8 months ago
Anonymous
My industry generally uses fixed-term contracts and this complicated my situation when looking for my first mortgage. With my broker's help I was able to secure a mortgage and recently completed the purchase of a property. Thanks.
8 months ago
Grayson
smooth process throughtout. great communucation.would highly recommend to anyone looking for a mortgage broker.
8 months ago
Kieran
Helped me through my morgage process with no issues and was always just a phone call away to help me with any questions very great service throughout would highly recommend.
8 months ago
Mr.
Excellent advice given since I first started using their services. Honest and clear.
8 months ago
Chris
Fantastic service, Charlie and the UK Moneyman team went above and beyond to understand our financial situation and help us to get on the property ladder. Everything was patiently and clearly explained to us and we were kept up to date with the...
9 months ago
Anonymous
Excellent and personalised service
10 months ago
Alison
Have been very impressed. Certainly smoothed the whole process. Got a good deal on an atypical mortgage. Got an agreement in principle very quickly.
10 months ago
Simon
Excellent service
11 months ago
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.
Read our 213 Reviews
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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