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A lifetime mortgage in Sheffield is a financial solution for homeowners aged 55 and over, allowing you to release tax-free cash from your property.
This flexible option provides access to funds while letting you stay in your home, with repayment only required when the property is sold.
Lifetime mortgages in Sheffield are available in two main forms: lump sum and drawdown.
A lump sum mortgage is ideal if you need a significant amount upfront for larger expenses, such as paying off debts or helping family.
In contrast, a drawdown mortgage lets you access smaller amounts over time, perfect for ongoing needs like retirement income or smaller projects.
Deciding if a lifetime mortgage in Sheffield is right for you depends on your financial situation and long-term plans.
Speaking with our mortgage advisors in Sheffield can help you understand the benefits and drawbacks, ensuring you make a fully informed decision tailored to your needs.
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.
Yes, a lifetime mortgage in Sheffield allows you to keep full ownership of your property.
The loan is only repaid when the home is sold, usually when you move into long-term care or as part of your estate planning.
As your mortgage broker in Sheffield, we can guide you through the process, explaining how repayment works and providing peace of mind.
The amount you can borrow with a lifetime mortgage in Sheffield is determined by your property value, age, and overall health.
Sheffield homeowners with higher property values or those in later retirement often have access to more significant funds.
A lifetime mortgage in Sheffield can help you clear an existing mortgage, reducing your financial commitments.
By paying off your current mortgage, you free up your retirement income and remove the stress of monthly repayments.
With the help of a mortgage broker in Sheffield like us, you can ensure this option fits your financial goals while retaining ownership of your home.
Yes, many lifetime mortgages in Sheffield include flexible repayment options.
You can make voluntary payments to reduce the balance and interest, giving you greater control over your estate’s value and future plans.
Seeking mortgage advice in Sheffield ensures you understand these features and how they can benefit your financial planning.
All lifetime mortgages in Sheffield are regulated by the Financial Conduct Authority (FCA).
This ensures you receive clear advice and access to products designed to meet strict standards for transparency and fairness.
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David
This was a fantastic service that helped with what ended up being quite a complicated mortgage. The communication and support provided throughout was first class, I’ll use them again without question. Thank you.
2 weeks ago
Rafa
My journey getting a mortgage with Moneyman was amazing. Starting with Dinah how she was listening to me and understanding im new to everything ending to advice me what to use to request mortgage. Then reaching to the best ever Stacey Moss and how...
1 month ago
Ami
Malcolm and his team have been great from start to finish. We’ve had weekend appointments and updates after the usual working hours which has been really appreciated and helped make the process of finding and securing a mortgage offer a lot less...
1 month ago
Stuart
Needed mortgage advise as a 50+ and thought it might be more difficult than it turned out thanks to Charlie. Questions answered in a timely fashion. Explanations easy to understood and with time to think.
2 months ago
Anonymous
Very helpful and they are with you every step of the way. Always there to answer any questions, which I had a few due to being a first time buyer. Amazing!
2 months ago
Rhoda
such a good complanythay is next to none. Staff are good as gold with a high level of professionalism. It will be worth mentioning that Jason Loft and LIzzi Roscoe worked so hard to help me achieve my dream of getting on to the property ladder....
3 months ago
Gemma
Efficient and helpful.
5 months ago
Rachel
The service we received from both Jason and Stacey has been excellent. We had quite long and stressful process from when we applied for our mortgage to getting our offer. In that time, both worked hard to get the application progressing as it should...
5 months ago
A
Fantastic service and clear explanations of all our options. Wayne has been a huge help in the process.
6 months ago
Marta
I had the pleasure of working with Jason from Sheffield Money Man, and I couldn't be more impressed with the experience. From the very beginning, Jason was incredibly professional, knowledgeable, and patient. They took the time to explain every step...
7 months ago
Abigail
very knowledgeable, everything explained very clearly. something that sempt complicated to me was made very simple and straight forward.
7 months ago
Paul
Great service from start to finish always at hand if needed and quick response Thanks guys
7 months ago
Craig
This company has been absolutely fantastic to work with. I was let down by my own bank when needing a mortgage. Sheffieldmoneyman helped me get a an excellent mortgage deal with cash back! My fixed rate mortgage is due to finish and they have been...
8 months ago
Michael
Always happy to renew with MoneyMan, fast and efficient
9 months ago
Benjamin
Fantastic team, we have brokered our original mortgage through them and our remortgage. Both times the team were eager to help and ensure we got the best deal for us. Special shout out to Daniel who just did out remortgage and was very...
9 months ago
Kieran
Massive help. Charlie went above and beyond. Would highly recommend
9 months ago
Darren
Would definitely recommend Sheffield Moneyman. Took all the stress out of getting the right mortgage. Will use again when my fixed rate ends.
10 months ago
Anonymous
This is the 3rd time I've used Sheffield Moneyman & I've not been disappointed.
11 months ago
Anonymous
I have been with them for almost 10 years now, with both my residential property and a buy-to-let, and they are really great. I have mortgaged and remortgaged many times to reflect changes in the properties, their value or to take advantage of...
11 months ago
Sean
leo & stacey have been amazing helped us get a mortgage and put any worries or stress to ease highly recommend
11 months ago
Book a free initial mortgage appointment to discuss how a lifetime mortgage in Sheffield could fit your financial plans and support your retirement goals.
We’ll explore a wide variety of lifetime mortgage options in Sheffield, working with trusted lenders to find the ideal solution for you.
Once you’ve chosen the right lifetime mortgage in Sheffield, our team will manage the application process, making it as smooth and stress-free as possible.
With the completion of your lifetime mortgage in Sheffield, you can access the funds you need to enhance your retirement and achieve your goals.
We offer a free, no-obligation appointment to help you understand lifetime mortgages in Sheffield.
This personalised session ensures you’re fully informed before making any decisions.
Our experts compare a range of lifetime mortgages in Sheffield to find a deal that fits your specific needs.
With access to multiple lenders, we ensure you get the most suitable product.
Our team provides personalised support, guiding you every step of the way as you secure your lifetime mortgage in Sheffield.
From the first appointment to completion, we’re here to help.
We’re available 7 days a week to assist with your lifetime mortgage in Sheffield.
Our flexible hours mean you can get in touch whenever it’s convenient for you.
Lifetime mortgages in Sheffield are a practical way to increase your retirement income without needing to sell your home.
Unlocking equity provides financial freedom to enjoy your later years.
Many homeowners use lifetime mortgages to help loved ones, such as contributing towards a family member’s home deposit.
This lets you support those closest to you while retaining control of your property.
If you’re planning renovations to make your home more comfortable or accessible, a lifetime mortgage in Sheffield can provide the funds you need.
From energy-efficient upgrades to creating a dream space, it’s an ideal solution.
Sheffield residents often use lifetime mortgages to consolidate debts, streamlining their finances and reducing monthly outgoings.
This option helps you regain control and enjoy a worry-free retirement.
Lifetime mortgages in Sheffield can provide peace of mind by funding future care needs or home adaptations.
By accessing your property’s equity, you can prepare for any changes while staying in your home.
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Sheffieldmoneyman 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.
© Sheffieldmoneyman 2025.
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Sheffieldmoneyman 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.
© Sheffieldmoneyman 2025.
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