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If you’re aged 55 or older and own a home, whether you have an existing mortgage or not, and the property has a value of at least £70,000, you may meet the eligibility criteria for an equity release plan. With an equity release plan, homeowners have the choice to unlock a portion of their home’s value, either as a tax-free lump sum or through a series of smaller payments spread over a specified period.
At Scunthorpemoneyman, we specialise in providing comprehensive services, offering expert mortgage advice in Scunthorpe through a team of qualified and professional later life mortgage advisors.
Our top-tier service is further supported by an efficient team of case managers dedicated to ensuring a swift and smooth implementation of your equity release plan, with constant communication to keep you informed every step of the way.
Whether you aim to support your children or grandchildren, settle existing mortgages and debts, make essential home improvements, or enhance your retirement income to tackle rising living costs, our responsive and knowledgeable later life mortgage advisors are at your service.
Looking into mortgage advice in Scunthorpe offers you the opportunity to unlock funds from your home’s value without incurring tax, all while retaining 100% ownership and the right to reside there throughout your lifetime. Typically, the repayment of a lifetime mortgage in Scunthorpe occurs when your home is sold after your passing or when you move into permanent care (for joint borrowers, this applies to the last survivor).
In recent years, lifetime mortgages in Scunthorpe have become more versatile, offering options like voluntary payments, monthly interest payments, and even the ability to transfer the mortgage to another property.
Your trusted mortgage broker in Scunthorpe will conduct a thorough analysis of your current and past financial circumstances, as well as your future plans and goals. This in-depth assessment helps determine whether equity release in Scunthorpe is the right choice for you or if an alternative solution would be more suitable.
If equity release is indeed the most suitable option, your later life mortgage advisor in Scunthorpe will explore the entire market to identify the product that best aligns with your current and future needs.
There are two primary types of equity release plans in Scunthorpe to consider: the lifetime mortgage, available to homeowners aged 55 and above, and the home reversion plan, which involves selling all or part of your home. We’ll guide you through these options to help you make an informed decision that suits your individual circumstances.
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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Tomas
Absolutely no issues. Connor and Paula were great, made the process smooth and provided updates at each stage. We are returning customers.
Jayne
Dinah Harros was our mortgage broker and she was extremely polite, professional and diligent. She took time to really listen and understand our financial situation and recommend the perfect mortgage product for us. Dinah was easy to contact and...
Donna
FANTASTIC AND OUTSTANDING SERVICE!! Unfortunately the purchase of our new home was rather difficult, we had devaluations and chains falling through, so to say the least it was testing!! we had a very stressful, hard 7 months to get to the...
Stuart
Dealt with my mortgage arrangement and application in super quick time. Very efficient and would recommend to everyone.
Rebecca
Leo and Lyndsey were fantastic! No issues at all, and all very quick and efficient. Thankyou so much
Anonymous
She was so helpful. I felt hopeless after just having my mortgage declined by a high Street bank and she's given me some hope again.
Akvile
Amazing and really friendly service. Really glad I choosed this company for my remortgage. I would definitely recommend this company to everyone
Jonathan
I would highly recommend Scunthorpemoneyman to anybody needing the service. They have been very quick to respond to any questions and I have had to do next to nothing through the hole process they have handled everything brilliantly.
Samanatha
Fantastic advice and guidance throughout the full process. Malcolm and his team were extremely knowledgeable, efficient and responsive during our mortgage application. When we came across obstacles, these were dealt with quickly and advice given on...
Amelia
Absolutely fantastic service from all at Scunthorpe money man. The staff are so friendly and helpful, nothing is too much trouble, any questions answered. Kept up to date all the way through, I would recommend to anyone. Many thanks for all...
Samantha
Outstanding service from start to finish with every member of the team helpful and friendly. I could rely on them for advice and updates at all stages.
Thomas
Wow..... what a fantastic team they are Matt,Mel and Wendy did a fantastic job for me been messed around by other brokers in the past but from the very first phone conversation I knew they had my best interests. Fantastic communication always kept...
Anonymous
Thanks so much to the team. You made everything so easy and clear. I would highly recommend your services.
Richard
Great communication from start to finish and even after finding a mortgage deal for us Jason kept looking and found a even better one at .5% less
Jayne
A fabulous company to deal with who put my mind at ease and everything that they required in the manner of documentation was never a problem, Matt, Leanne and Wendy kept in constant contact with me and gave me a 5 star service, in actual fact it was...
Kenneth
I can’t thank Matt and Mizna enough for all there help and hard work! Nearly time to sign for our house and it wouldn’t have been possible without the help of Scunthorpe Money Man! Thank you all!!
Sophie
Absolutely fantastic staff! I stumbled across Scunthorpe Money Man on google, with just one call the ball was rolling...fast, efficient, friendly and supportive. People say mortgage applications are stressful and boy they are not wrong but with the...
Chris
Very happy with the service provided, Excellent service from start to finish. I would definitely recommend Scunthorpe Moneyman and would use them again in the future. 5* Experience.
After scheduling your free initial mortgage appointment, you’ll get to speak with our later life mortgage advisor in Scunthorpe Dan Osman, he will engage in a thorough conversation regarding your objectives and strategies concerning later life mortgages.
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 Scunthorpe will direct you to the appropriate services that can further assist you in devising your plans.
We extend a warm welcome to your family’s involvement in your later life mortgage advice process and readily adapt to your diverse needs and circumstances whenever possible.
Following your complimentary equity release and lifetime mortgage advice session, your later life mortgage advisor will diligently seek the ideal lifetime mortgage solution in Scunthorpe that aligns with your current financial situation and accounts for potential changes over time.
Our team is resolute in surmounting any mortgage challenges, no matter how intricate, always embracing a good challenge and ensuring your best interests are at the core of our efforts.
As an experienced and dedicated mortgage broker in Scunthorpe, we’ve had the privilege of assisting numerous customers in realising their mortgage aspirations for the past two decades and continue to do so.
We consistently bring the same unwavering commitment to providing top-tier, whole-of-market lifetime mortgage advice in Scunthorpe to our valued older clients.
Throughout the entire lifetime mortgage journey, we’ll stand by your side, providing steadfast guidance and support, aiming to minimise stress and make the process as smooth as possible for you.
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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Scunthorpemoneyman 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.
© Scunthorpemoneyman 2009–2026
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Scunthorpemoneyman 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.
© Scunthorpemoneyman 2009–2026
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