Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
We tend to find with older applicants that equity release comes in the form of a Lifetime Mortgage. To qualify for a Lifetime Mortgage, you will have to be over the age of 55 years old. Since releasing equity is a specialist subject and it should be done right; speak to an equity release mortgage advisor in Leicester today.
Usually, people pay off their Lifetime Mortgage whilst living inside the property, in long-term care, or letting the loan amount build up with interest. You’ll be making the decision to decide which route is best to take. Depending on your circumstances, you may plan to use the equity in a completely different way to someone else. It’s entirely up to you how you use the money.
Before applying for a Lifetime Mortgage, check your eligibility and check to see if you meet the requirements. Two of the main factors are your age and the value of your property. The loan only becomes repayable once you are dead or have moved on into long-term care, unable to live independently.
We would strongly recommend booking your free initial mortgage appointment to speak with a trusted mortgage broker in Birmingham. They will be able to see whether you qualify or not for Equity Release and whether it is possible in your personal and financial situation.
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.
When looking at this for an option here are a few things to consider. You must be at least 55 years old to qualify for Equity Release, and your age and the value of the property can affect how much you can withdraw from your home.
For further mortgage advice in Leicester regarding Equity Release, it is worth seeking out a Specialist in the field. Get in touch with a Mortgage Broker in Leicester, and we will be open & honest and find you the help you need.
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.
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 £995.
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
190 5 Star Reviews
Adam Bateman
Just wanted to comment on the experience I have had dealing with uk moneyman for my re mortgage. The team have been excellent throughout, special shout out to Stacy Waudby who has been a pleasure to deal with and has really been pro-active and helpful. I would definitely recommend them to anybody looking for independent mortgage advice
9 Jun 2026
amber sheridan
Ami has been great. She explained everything clearly and answered all of our questions (silly or not). Communication was great, genuinely couldn't recommend this service or our advisor Ami more.
28 May 2026
Keith Hirst
UK Moneyman have helped with my mortgage and remortgage for many years. Always really helpful and knowledgeable. My latest remortgage was done with Conor, who was great at making sure I was getting not just the best deal, but the right deal for my needs.
22 May 2026
Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
15 May 2026
Julie Brake
We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
12 May 2026
Abdul khaliq Mayar
I would highly recommend UK Money Man, especially Matthew Collinson and Paula. They have done an amazing job for me from start to finish. My previous mortgage broker got my application declined through TMW, and I was very stressed and worried. When I came to UK Money Man, they completely changed the game for me. Matthew was always helpful, professional, and kept me updated at every stage — even on his day off. That level of service really meant a lot to me. Paula was also fantastic and worked hard on my application. Thanks to their hard work and support, my mortgage was approved. I truly appreciate everything they have done for me and my family. I would definitely recommend Matthew, Paula, and UK Money Man to anyone looking for a reliable and supportive mortgage broker.
11 May 2026
Flc
Amazing company! Used them many times since 2018 and always a high standard of service! Would definitely recommend!
5 May 2026
William Thompson
I would like to say Thankyou to Jonathan and Dan for giving me an easy experience in sorting out my equity release.They were polite,friendly and very professional in their duties,and they made everything as easy as possible for me
29 Apr 2026
Yasir Noori
The team at UK Moneyman, especially Stacey Waudby and Matt Collinson, were fantastic. They have been really helpful throughout the process and in keeping me in the loop, with any update regarding the application
16 Apr 2026
Janiene Walton
Great service, very professional and I felt my adviser really was interested in helping me get the best deal for a repayment mortgage for my age group.
29 Mar 2026
When you schedule a free initial mortgage appointment with our later life mortgage advisor in Leicester, we’ll delve into a comprehensive conversation centered around your objectives and inheritance strategies.
Although equity release and lifetime mortgages remain valid considerations, we view them as options of last resort. Our philosophy revolves around finding a more tailored and suitable alternative that aligns precisely with your individual circumstances.
Given the significance of later life mortgages, we highly recommend involving your family members or trusted individuals in our discussions. Their input and support can be invaluable in making informed decisions.
Should we determine that equity release is either suitable or unsuitable for your needs, rest assured that our well-informed later life mortgage advisors in Leicester will guide you towards the appropriate services. These services can provide further assistance in devising and solidifying your plans, ensuring you have a well-rounded approach to your financial future.
Looking into Equity Release Mortgage Advice in Leicester has never been easier, our team can check whether you are eligible to release equity from your property after you have booked your free initial mortgage appointment with a member of our team members. Subject to availability you can choose a date and time that suits you!
As an expert Mortgage Broker in Leicester, we have access to a vast panel of lenders, some with specialist products. We can search through 1000’s of deals to find one tailored for you. If we encounter any hurdles along the way, we will try and overcome them together.
Our experienced mortgage advisors in Leicester are even able to help with various other services when applicable for us to do so, such as referring you to a trusted conveyancing solicitor.
We have worked in this industry for over 20 years, our team is dedicated and responsive and want you to receive the best service possible during your dealings with us. We can’t wait to hear from 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 32 Reviews
Leicestermoneyman 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.
© Leicestermoneyman 2009–2026
Contact
Follow Us
Leicestermoneyman 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.
© Leicestermoneyman 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.
