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Equity Release
Advice Leeds

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Equity Release
Advice Leeds

Aged 55+ in Leeds? Explore a wide range of later-life mortgage solutions. With numerous equity release products available, our experts will help you find the right solution for you.

Free Equity Release Review

How does equity release in Leeds work?

If you are 55+ and own your home with or without a mortgage, you may be eligible for an equity release plan. Equity release plans allow you to release part of the value of your home as a tax-free lump sum, or a series of smaller sums taken out over a particular length of time.

Leedsmoneyman specialises in providing a holistic service with mortgage advice in Leeds from qualified and experienced later life mortgage advisors. This is backed up by an efficient team of case managers, to make sure your plan is put in place as quickly as possible and to keep you informed every step of the way.

Your later life mortgage advisor in Leeds will look in depth at your current circumstances, your past experiences and your hopes and plans for the future. This allows them to identify whether equity release in Leeds, or an alternative, is right for you.

If it is the right step for you to take, it also allows your later life mortgage advisor to find the best product to suit you both now and in the future from the whole of the market.

There are two main types of equity release in Leeds – the lifetime mortgage which is available from 55+ and the home reversion plan* (which involves selling all or part of your home).

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Equity Release<br>Advice Leeds

Lifetime Mortgages in Leeds

Whether you want to raise money to help out children or grandchildren, repay existing mortgages or other debts, carry out home improvements or boost your retirement income to cope with increased costs of living, our experienced, friendly advisors can help you achieve your aims.

A lifetime mortgage in Leeds allows you to release tax-free money from the value of your home. You will retain 100% ownership and you can stay in your home for the rest of your life.

Normally, a lifetime mortgage in Leeds is repaid from the sale of your home after your death or going permanently into care (with two borrowers this applies to the last survivor).

In recent years, lifetime mortgages in Leeds have become much more flexible including options to make voluntary payments, monthly interest payments and move your mortgage to another property.

For further mortgage advice in Leeds regarding equity release in Leeds, it is worth seeking the advice of a specialist in the field.

Free Mortgage Appointment in Leeds

Get in touch with a mortgage broker in Leeds and we will book you in with one of our later life mortgage advisors to discuss your options for releasing equity in Leeds.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan.

A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

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Equity Release FAQs in Leeds

What are some things to remember with equity release?

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When it comes to taking out a lifetime mortgage in Leeds, any existing mortgages or loans secured on your property must be repaid.

All accrued interest must be paid along with the amount released must be repaid on death or moving into long term care.

Get in touch with a mortgage broker in Leeds and our team can book you in with one of our knowledgeable later lifetime mortgage advisors who can explore your options for releasing equity in Leeds.

If you decide to take out a lifetime mortgage in Leeds, you will reduce the amount of equity available in your property to leave as an inheritance or to use for the payment of care fees in later life, if you need to rely on this.

I have an Equity Release enquiry, can you help?

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At Leedsmoneyman, our later life mortgage expert in Equity Release & Lifetime Mortgages. They are committed to helping customers with their inquiries and objectives in this area.

Can you help me Remortgage to Release Equity?

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Our expertise extends beyond Equity Release & Lifetime Mortgages. If you are approaching the end of your fixed term and have standard remortgage queries, our team of mortgage brokers in Leeds can offer valuable guidance.

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Our Simple Mortgage Process

Free 30 Minute Chat About Your Future

Step 1

When you schedule a free initial mortgage appointment with our laterlife mortgage advisor in Leeds, we will engage in a thorough conversation regarding your objectives and strategies concerning inheritance.

Alternatives to Equity Release

Step 2

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.

Discuss With Family / Trusted Parties

Step 3

Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.

Tailored Lifetime Mortgage Recommendation

Step 4

In the event that equity release is determined to be either suitable or unsuitable for your needs, our knowledgeable later life mortgage advisors in Leeds will direct you to the appropriate services that can further assist you in devising your plans.

I have Equity to Release, can you help?

Free Mortgage Review

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Your family is always welcome to be part of the advice process and we will always accommodate clients’ different needs and circumstance if we possibly can. After your free equity release and lifetime mortgage advice appointment, we will go and search for the perfect lifetime mortgage deal in Leeds that matches your personal and financial situation both now and how you anticipate this changing in the future.  

Finding You The Perfect Deal

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We will be there for you through the whole process. With our continuous guidance and support, we will get through the mortgage journey together, aiming to take out all of the stress involved with the process.

Our Service

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A trusted mortgage broker in Leeds, we have been helping customers achieve their mortgage dreams for the last 20 years and counting. We bring the same passion and dedication to providing the best, whole of market lifetime mortgage advice in Leeds for our valued older clients.

7 Days a Week

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We always do our best to overcome every mortgage hurdle that we are faced with no matter how hard the situation is; we love a good challenge! We work for you (the customer), and no matter what, we always have your best interests at heart.

Malcolm and Amy Davidson - Mortgage Advice in Leeds

Finding you the Right Equity Release Deal in Leeds

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Popular Options For Equity Release in Leeds

Things to Consider with Equity Release in Leeds

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If you take a lifetime mortgage in Leeds, any existing mortgages or loans secured on your property must be repaid.

Any accrued interest must be paid along with the amount released must be repaid on death or moving into long term care.

Taking a lifetime mortgage in Leeds will reduce the amount of equity available in your property to leave as an inheritance or to use for the payment of care fees in later life, should you need to rely on this.

The Process of Equity Release in Leeds

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If you think that an equity release plan might be for you then it is important that you know all the options, alternatives, advantages and disadvantages.

Book a free appointment with us and one of our trusted later life mortgage advisors will be happy to talk this through with you. They will help you understand the steps involved, what your options are and the effect taking a lifetime mortgage in Leeds might have on state benefits, tax and the remaining equity in your home over time.

We actively encourage clients to involve family members or to have another trusted individual to support you through the process and be present at our meetings.

In addition to this aspect of our service, we are also very happy to work alongside any financial advisors, accountants or solicitors involved in your financial planning decisions.

If it is done correctly, equity release in Leeds should have no effect on your tax position or benefits. That being said, everyone’s circumstances are different and a later life mortgage advisor in Leeds will need to have a full picture of your situation to be able to provide the best advice.

It is important for you to find a later life mortgage advisor that you feel you can trust and share all of your details with. We firmly believe that this is something we excel at as a company, of which our genuine customer reviews are a reflection of.

Once the right plan has been identified, your later life mortgage advisor in Leeds will provide you with an illustration and a written recommendation, detailing what you have told us and why we have recommended that particular plan.

You later life mortgage advisor in Leeds will then go through the recommendation with you before submitting an application to the mortgage lender.

We have a fantastic team of experienced case managers who, together with your later life advisor in Leeds, will manage the entire process up until completion. They will keep you informed every step of the way, with dedicated points of contact if you need to speak to us.

We provide all initial advice for free and with absolutely no obligation or pressure to go ahead. Only if you go ahead and your case completed, do we charge you an advice fee.

Mortgage Guides

Leedsmoneyman.com & Leedsmoneyman 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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