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For those aged 55 and over, a lifetime mortgage in Harrogate offers a practical way to tap into the value of your home while continuing to live there.
This tax-free equity release product can provide the financial boost needed to enjoy retirement on your terms, whether that means funding renovations, travel, or personal projects.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
Our skilled mortgage advisors in Harrogate will help you understand your options and connect you with a suitable lender.
Lifetime mortgages are available in two primary forms for those aged 55 and above. Lump sum lifetime mortgages provide a one-time payment for larger costs, while drawdown lifetime mortgages offer more flexibility with gradual withdrawals.
As a trusted mortgage broker in Harrogate, we often recommend lifetime mortgages for purposes like:
Through our lifetime mortgage advice in Harrogate, we frequently support older borrowers who use these products to purchase a property. Typical motivations include:
Should a lifetime mortgage not be the ideal option, our team will recommend alternative mortgage products for the over-50s in Harrogate.
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 £495.
Yes, a lifetime mortgage can provide funds for those aged 55 and over to move to a new property.
This is a practical choice for individuals downsizing, relocating to Harrogate to be closer to loved ones, or buying a home that better fits their needs.
A lifetime mortgage lets you access equity to fund the move while retaining ownership of your new property.
A mortgage broker in Harrogate can assist you in choosing the right plan for your financial and lifestyle goals.
No, having a lifetime mortgage doesn’t mean you’re permanently tied to it.
Many plans include flexible options, such as voluntary repayments to reduce the balance or remortgaging to a new product if circumstances change.
Regular reviews with a mortgage broker in Harrogate can ensure your plan continues to work for you over time.
As well as speaking with your later life mortgage advisor about whether equity release, and subsequently a lifetime mortgage, is right for you, it’s worth taking the time to consider any additional arrangements for the future.
There are several over 50’s life insurance policies available from our team that, if suitable for your circumstances, can help offset the cost of a lifetime mortgage over the life policy term.
We would also recommend discussing your lifetime mortgage plans with your family, updating your will, and setting up arrangements for any lasting powers of attorney.
These steps are important, as it is often your family, either as beneficiaries after your death or as attorneys should your mental capacity become impaired, who will be involved in selling the property to repay the lifetime mortgage.
Proper planning now not only ensures a smoother process for your loved ones later but can also make things more cost-effective in the long run.
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4.94 Rating36 Reviews
David
Harrogatemoneyman provided an excellent service. When we contacted our existing lender to increase our loan, it told us we can't even afford the loan we already have despite us never having missed a payment in the 17 years it has run. Dan was able...
2 weeks ago
Anonymous
Jason & Debbie have been extremely efficient; with our mortgage being offered within 2 weeks from initial contact. Excellent communication and helpful advice throughout, especially as I am self employed. Highly recommend!
2 weeks ago
Zoe
Jason and the team have been amazing, so helpful!
1 year ago
Shannon
Matt from Harrogate money man was so accessible and supportive throughout our journey to get a mortgage. He has been close at hand every step of the way and gave us so much convince in ourselves and our own finances which we didn’t have to begin...
1 year ago
David
Excellent service and very happy. Highly recommend and thank you Leo & Meghan! Best, David
1 year ago
Lydia
They have been excellent! Couldn’t have asked for better help and communication. They were very understanding and have been very patient with us over the last few months.
1 year ago
Sally
I'm really pleased with the service at Harrogatemoneyman and would definitely recommend them. Leo and Jo have been really helpful and supportive throughout the process.
1 year ago
David
Chris was brilliant at guiding us through the whole process. As FTB, you think you understand the process but there is so, so much more too it and having someone who you can ask questions almost anytime of the day, was something we could not have...
2 years ago
Rebecca
As first time buyers this whole process initially seemed very daunting. We spoke with Matt over the phone and he talked us through the process, was really positive and has got us through the process. It has been stressful but Matt kept us updated...
3 years ago
Maria
Me and my husband were looking to get a mortgage, we are first time buyers, so were wanted a stress free process and getting the most suitable deal for us. Harrogatemoneyman was amazing! Very professional, answered all our questions and kept us...
3 years ago
John
Fantastic service from start to finish. Every stage of getting a mortgage for a first time buyer was carefully explained with complete transparency of costs and what to expect. 100% recommend.
3 years ago
Salvatore
Joe and Meghan have been very helpful and professional. They have explained everything clearly and responded extremely quickly to our correspondence. We would certainly use your service again and recommend both Joe and Meghan to others.
3 years ago
Deanna
Amazing service & support! We are first time buyers and felt the process from start to getting our mortgage accepted was amazing & very smooth!! We were kept up to date regularly and felt comfortable to ask any questions. Special thank you to...
3 years ago
Charlie
Really impressed with the service from these guys, from start to finish the process has been so easy. Our situation was slightly different from normal but they still managed to get the mortgage sorted for us. They always kept us up to date with...
3 years ago
Deanna
Leanne was so friendly and approachable. Extremely helpful.
3 years ago
Laura
Fantastic service from start to finish. Matt was always on hand to answer my questions and explained everything clearly, along every step of the way. Thank you!
3 years ago
Heather
Polite helpful reassuring conversation. Very helpful.
4 years ago
Richard
Excellent from start to finish. Booked appointments that suited us even late evening! Found us a great deal on our mortgage and wage protections. Thanks Malcolm for all your help!
4 years ago
Gregory
First time buyer and the team at Harrogatemoneyman provided a 1st class service from start to finish. Excellent advice really quick service excellent product really cant fault them at all. I highly highly reccomend them just exceptional in everyway....
4 years ago
Alice
Very quick response from Hannah. Very helpful. Highly recommend
4 years ago
Book a free initial mortgage appointment with one of our advisors in Harrogate.
We’ll discuss your needs and explain your options clearly.
We search through a variety of mortgage products to find the most suitable fit.
Our team provides straightforward advice tailored to you.
We’ll handle your application and ensure all documents are in order.
Our aim is to make the process hassle-free.
Your mortgage completes, and your new plan is ready.
We’ll be here to support you if you need further help.
Take advantage of a free initial mortgage review with our experienced mortgage advisors in Harrogate. This no-obligation session provides expert mortgage advice in Harrogate, helping you assess your options and make the best financial decision for your needs.
As a reliable mortgage broker in Harrogate, we work with a wide panel of lenders to find the most suitable deal for your circumstances. Whether it’s a lifetime mortgage or another financial solution, we’ll ensure it meets your goals and provides long-term value.
Our mortgage advisors in Harrogate are dedicated to delivering exceptional service at every step of the process. From your first enquiry to completion, you’ll receive honest, professional advice tailored to your needs.
We’re available seven days a week to make the process as convenient as possible. Whether you need mortgage advice in Harrogate on a weekday or weekend, our team is here to help at a time that works for you.
A lifetime mortgage can provide those aged 55 and over with a valuable boost to retirement income, ensuring financial stability and the freedom to enjoy later life.
By releasing equity in your property, you can cover everyday living expenses, manage unexpected costs, or pursue hobbies and interests.
Seeking expert mortgage advice in Harrogate ensures you find a plan that supports your financial goals.
Those aged 55 and over often use a lifetime mortgage to assist family members financially, such as helping with a house deposit or covering education expenses.
Releasing equity allows you to support loved ones while retaining ownership of your home.
Our mortgage advisors in Harrogate are here to guide you through the process and ensure the option aligns with your priorities.
For those aged 55 and over, a lifetime mortgage is an excellent option for funding home improvements or adaptations.
Whether upgrading your kitchen, modernising your bathroom, or making accessibility adjustments, this option helps you stay in your home while tailoring it to your needs.
A trusted mortgage broker in Harrogate will help you find the right product to fund your projects effectively.
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Harrogatemoneyman 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.
© Harrogatemoneyman 2025.
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Harrogatemoneyman 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.
© Harrogatemoneyman 2025.
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