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For those seeking financial flexibility in retirement, a lifetime mortgage in Cambridge is an excellent solution.
This type of equity release option allows those over 55 to unlock a portion of their home’s value while retaining full ownership.
You can choose to receive the funds as a lump sum, regular payments, or a combination of both, depending on your needs.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
With tailored mortgage advice, our mortgage advisors in Cambridge can help you explore the benefits and considerations of a lifetime mortgage.
When exploring lifetime mortgages in Cambridge, those aged 55 and above usually have two key options. Lump sum lifetime mortgages offer a single, tax-free payment, ideal for covering larger costs, while drawdown lifetime mortgages provide the flexibility to access funds as needed over time.
As a trusted mortgage broker in Cambridge, we often recommend lifetime mortgages for purposes such as:
As providers of lifetime mortgage advice in Cambridge, we tend to find that older borrowers use lifetime mortgages to purchase a property for reasons such as:
Where appropriate, our team will explore alternative mortgage products for the over-50s in Cambridge, helping you make a well-informed decision.
Yes, a lifetime mortgage can provide funds to help those aged 55 and over move to a new property.
This can be a great option if you’re downsizing, relocating to Cambridge to be closer to family, or purchasing a home better suited to your lifestyle.
Lifetime mortgages allow you to release equity to cover the cost of your move while retaining ownership of your property.
A mortgage broker in Cambridge can offer expert advice to ensure the plan aligns with your financial goals.
No, you’re not stuck with a lifetime mortgage indefinitely. Many plans offer flexible features such as voluntary repayments to reduce the balance or options to remortgage to a new plan if your needs change.
Regular reviews with a mortgage broker in Cambridge can help ensure your lifetime mortgage remains a good fit for your circumstances.
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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5.00 Rating3 Reviews
Jessica
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
6 months ago
Anonymous
Great service, very efficient.
2 years ago
Anonymous
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
8 months ago
Steven
Great service. Would definitely recommend to people struggling to get a mortgage. Cambridgemoneyman, a huge thank you from us
4 years ago
Eamonn
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
2 years ago
Bailey
Massive thank you to Malcolm and the team at Cambridgemoneyman. We were very impressed with the level of service we received. As first time buyers, we were thrilled with the mortgage rate that got recommended for our circumstances, and we will...
4 years ago
We start with a free lifetime mortgage appointment in Cambridge with one of our experienced advisors. This no-obligation session allows us to understand your financial goals and explore whether a lifetime mortgage is right for you. It’s a chance for you to ask questions, learn about the options available, and receive expert advice tailored to your individual needs and future plans.
Equity release may not always be the best option, and our advisors will ensure you consider all alternatives before making a decision. Depending on your situation, options like downsizing, accessing savings, or exploring other financial products could be more suitable. We provide impartial mortgage advice in Cambridge to help you choose the most effective solution for your circumstances in Cambridge.
Deciding on a lifetime mortgage is an important step, and we encourage you to involve your family or other trusted individuals in the process. Open conversations can help ensure that everyone understands the potential implications for the future. Our mortgage advisors in Cambridge are available to provide clarity and support during these discussions, helping everyone feel confident about the decision.
After fully assessing your needs and exploring all alternatives, we’ll provide a personalised lifetime mortgage recommendation. This includes details about the product, lender, and features that match your financial goals. Our mortgage advisors in Cambridge will guide you through the process with transparency and care, ensuring you feel secure in your choice every step of the way.
Our mortgage advisors in Cambridge provide a free mortgage review to help you explore your options and make the right decision for your future. Whether it’s a lifetime mortgage or other financial products, you’ll receive tailored mortgage advice in Cambridge designed to meet your needs.
As a mortgage broker in Cambridge, we work closely with a variety of lenders to find the best deal for you. Our goal is to ensure you’re matched with a mortgage product that aligns perfectly with your financial goals and circumstances.
We’re committed to delivering outstanding service from start to finish. Our mortgage advisors in Cambridge will guide you through the process with professionalism and care, ensuring you feel supported every step of the way.
We know how busy life can be, which is why our mortgage advisors in Cambridge are available seven days a week. Whether you need mortgage advice in Cambridge on a weekday or weekend, we’re here to make the process as convenient as possible for you.
A lifetime mortgage offers those aged 55 and over the opportunity to supplement their retirement income, providing financial freedom and stability.
Many clients seeking mortgage advice in Cambridge use a lifetime mortgage to access equity, ensuring they can cover everyday living costs, unexpected expenses, or enjoy leisure activities they’ve dreamed of.
A mortgage broker in Cambridge can help you choose a plan tailored to your financial goals.
Supporting family members financially is another common use of lifetime mortgages for those aged 55 and over.
By releasing equity, you can help a loved one with a house deposit, contribute to education fees, or provide general financial assistance while retaining ownership of your property.
Our mortgage advisors in Cambridge are here to provide guidance every step of the way, ensuring the process suits your needs.
Lifetime mortgages are a popular choice for those aged 55 and over looking to fund home improvements or necessary adaptations.
From upgrading kitchens and bathrooms to making accessibility adjustments, this option allows you to enhance your living space while staying in the property you love.
Reliable mortgage advice in Cambridge ensures you find the best product for your renovation needs.
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Cambridgemoneyman.com & Cambridgemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Cambridgemoneyman.com & Cambridgemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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