Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
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 can help you assess whether a lifetime mortgage is suitable. With a lifetime mortgage you retain ownership, subject to meeting the plan’s terms. A home reversion plan is different because you sell some or all of the home to the provider. 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 £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.
Our Customers Love Us
215 5 Star Reviews
Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
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.
Download For Free
Read our 19 Reviews
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
Contact
Follow Us
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
Speak to an Advisor
7 Days a Week, 8am – 10pm
We value your privacy
This website uses cookies. If you continue to use the site, we will assume that you agree with our use of cookies.
