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It's Free to Speak to an Advisor, 7 days, 8am - 10pm
Are you an older resident of Sutton Coldfield who needs to find a way to access the cash built up in your property? Equity Release could be the solution you’re looking for.
This type of mortgage enables you to turn the money you’ve built up in your home into a lump sum, or you could opt to receive a regular income. This could be a great way to help fund your retirement, pay off debts, or make home improvements.
Equity Release could be available in the form of a Lifetime Mortgage, which allows you to borrow a portion of the equity in your home. This is open to homeowners aged 55 and over, providing your home is their primary residence.
The loan amount is repaid when the homeowner dies or moves into long-term care, at which point the interest accrued will be added to the loan amount. It’s possible to make monthly repayments if you choose, but it is more common for the interest to simply build up as part of the loan.
It’s essential to seek independent advice from a mortgage advisor in Sutton Coldfield before entering into an Equity Release agreement. They will be able to explain all the features and risks involved, and provide you with a personalised illustration.
A mortgage broker in Sutton Coldfield like us will also be able to discuss all the other options available, such as Home Reversion Plans. This involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.
Get in touch today and we can help you find the right solution for your individual circumstances.
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.
Equity release products offer a means to access cash from your home without the need to relocate. These options are particularly beneficial for older individuals seeking to enhance their retirement income. If you’re considering such a financial strategy, exploring equity release or a lifetime mortgage might be worthwhile.
Homeowners aged 55 and above, who own a property in Sutton Coldfield, are eligible for equity release or lifetime mortgages. To qualify, the property must serve as your primary residence, and there should be no outstanding mortgages or loans secured against it. These options present an opportunity for financial flexibility without the burden of having to move from your home.
A lifetime mortgage is a type of equity release product designed for homeowners, typically aged 55 and above, to access a portion of their property’s value while retaining ownership. It allows individuals to release tax-free cash from their home without the need to sell or move.
The borrowed amount, along with any accrued interest, is repaid when the homeowner passes away or moves into long-term care. As a popular option for older homeowners, a lifetime mortgage offers a practical solution to unlock the equity built within their property and enhance their quality of life in retirement.
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Incredibly helpful and responsive, friendly people and they made a daunting process easy and straightforward, would definitely use them again
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Helpful and knowledgeable. Helped me make good decisions and managed to get the best possible deal.
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This has been a very challenging process that has taken a number of years to achieve. Birminghammoneyman brokers has been pivotal to me achieving my dream home. They have been patient and consistent in support and guidance. They are very reasonably...
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I am very impressed and pleased with the service provided. Both Dan and Jonathan are consummate professionals who kept me informed at every stage of the process and were always on hand to answer any questions. They were sympathetic and eager to...
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They have been very helpful ,very patient helping sort any hiccups sorted everything in the end
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Tayla-Leigh
The service that we received from Wayne and the team at UKMoneyMan was amazing. A straightforward and easy process. We highly recommend MoneyMan, especially to those that are first time buyers, everyone was so knowledgable and helpful. Friendly...
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Harry
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Anonymous
Dan was very helpful and knowledgeable and dealt with our mortgage quickly and efficiently.
10 months ago
Philip
Dan and Jonathan were very helpful and explained everything in detail. We were able to then make an informed decision on our lifetime mortgage.
1 year ago
Philip
Dan and Jonathen explained everything in a clear and concise manner and were quick to address any concerns. All in all it has been a straightforward experience.
1 year ago
Anonymous
Great brokers, very helpful and efficient.
1 year ago
Charlotte
Fantastic! So quick and efficient and answered all of my questions! Jason and Jo were great, i couldn’t recommend them more! As first time buyers it was an overwhelming process but they made each step so easy! We would certainly recommend!
1 year ago
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Dinah and Stacey, both have been amazing dealing with my mortgage. I can’t recommend them enough, Dinah has been helpful and has gone above and beyond to get the support/advice I need. I’ve had to change my property and both Dinah and Stacey...
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James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
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Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
1 year ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
2 years ago
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I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
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During your free mortgage appointment, our later life mortgage advisors in Sutton Coldfield will discuss your inheritance plans and goals with you.
You can book your free mortgage appointment online and pick a date and time that best suits you. We have availability 7 days a week!
Before considering equity release and lifetime mortgages, we will explore alternative options that may be better tailored to your specific situation. These alternatives will be given priority in our assessment process.
From retirement mortgages to possible charity participation, we’ll look at the best options for you before releasing equity from your home.
Considering the significance of later life mortgages, we strongly encourage our customers to include their family or trusted parties in the discussions. We believe their involvement can be valuable in making well-informed decisions.
Our aim is to ensure you have a clear understanding of everything involved so that you can make informed and agreeable choices.
Should our assessment reveal that equity release is either suitable or unsuitable for your specific needs, our experienced later life mortgage advisors in Sutton Coldfield will guide you towards the relevant services that can provide further assistance in developing your plans.
We are dedicated to ensuring you receive the support and resources necessary to make informed decisions about your financial future.
We consider it a true privilege to have trustworthy equity release specialists as part of our team. Their wealth of expertise in this domain enables them to provide invaluable equity release mortgage advice in Sutton Coldfield.
Rest assured, our well-prepared and experienced specialists will attentively address any questions or concerns you may have. With us, you can place full confidence, knowing you are in the hands of capable and knowledgeable professionals.
As your trusted mortgage broker in Sutton Coldfield, we are dedicated to assisting you in exploring your equity release remortgage options! Whether you are approaching the end of a fixed period or have any other questions about a standard remortgage, our team is fully prepared to offer specialized support.
With an impressive two decades of experience in the mortgage industry, we have successfully guided numerous customers in accomplishing their financial goals. Our unwavering commitment is to provide you with a seamless and stress-free process, no matter your current situation. Rest assured, you can rely on our expertise and dedication to make your mortgage journey a smooth and rewarding one.
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Birminghammoneyman.com & Birminghammoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Birminghammoneyman 2025.
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Birminghammoneyman.com & Birminghammoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Birminghammoneyman 2025.
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