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If you’re over 60 and seeking a mortgage in Sheffield, rest assured, you have an array of choices at your disposal. As a Sheffield-based mortgage broker, we are equipped to assist in various situations:
If you’re over 60 and seeking a mortgage in Sheffield, you have six main mortgage choices to consider:
Opting for equity release should be considered as a last option when securing a mortgage over 60 in Sheffield, as there are less expensive choices at your disposal.
Employing a proficient mortgage broker in Sheffield can be essential in obtaining a mortgage over 60 in Sheffield. They are capable of assessing all mortgage possibilities open to you and will endeavour to identify an option that is financially beneficial in the long-term.
We will also strive to discover a product that is customised to your individual and monetary circumstances. Your mortgage advisor in Sheffield will always advise a product that aligns with your goals and personal and financial situation.
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.
Despite the prevailing misconception, acquiring a mortgage beyond the age of 60 in Sheffield is not an impossibility. A significant number of individuals in their 60s and older continue to invest in property.
The primary motivations for purchasing property at this life stage in Sheffield typically include moving nearer to family or downsizing to a smaller home. As one grows older, the need for a larger property may diminish, and there can be an increased requirement to help family with childcare and other needs.
Prior to deciding on a property move, it is highly recommended to speak with a mortgage advisor in Sheffield to understand the range of mortgage products available to you. Evaluating your unique personal and financial circumstances is a vital part of the home moving process, regardless of your age.
We are eager to explore your options with you and help determine the type of mortgage product that could be within your reach.
Obtaining a mortgage in Sheffield isn’t restricted by age. We offer a range of solutions for individuals aged 18 to 100 and over.
We provide mortgage plans with either fixed or variable interest rates. In certain situations, it may be necessary to consider specialised options like equity release or a lifetime mortgage. However, we consider these as final alternatives and will first thoroughly explore all other possibilities.
Our Sheffield-based mortgage consultants will suggest the most suitable product based on your age, income, and goals. You can arrange a complimentary consultation either online or by phone.
Securing a mortgage after retirement is definitely achievable. Numerous mortgage solutions are at your disposal upon retirement in Sheffield, and our duty is to discover the most suitable option for you.
The recommended mortgage product will be contingent on several factors. We will carefully evaluate aspects like your capability to handle monthly payments, the amount you desire to borrow, and your pension income.
Your mortgage advisor in Sheffield will cover all these details with you in your free initial mortgage consultation.
We frequently encounter queries from our clients aged 60 and above regarding their ability to manage credit card and loan repayments with their pension income. This is a common concern and one that we are well equipped to handle.
Engaging with a mortgage broker in Sheffield, like us, is a vital step in such situations. We take a comprehensive look at your personal and financial circumstances and provide guidance on the most suitable product for your needs.
Often, the solution for clients in this predicament is a debt consolidation mortgage in Sheffield. However, it’s important to understand that this approach does carry potential hazards. It involves converting unsecured debt into secured debt against your property.
Our commitment to you includes a thorough discussion about all associated risks. We ensure you are fully informed about all possible outcomes, including the risk of losing your property. We believe in transparency and making sure you are completely aware of any potential implications.
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4.95 Rating246 Reviews
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
To begin, arrange a no-cost consultation or phone call with one of our mortgage advisors in Sheffield.
In this conversation, we’ll evaluate your financial situation and explore the various possibilities available to you. This is an excellent opportunity for you to ask any questions you might have!
Obtaining a mortgage when you’re over 60 in Sheffield may present certain challenges. Our role is to ensure you receive the necessary support to identify the ideal mortgage option for your needs.
We’ll explore thousands of mortgage options to discover the most suitable solution for your personal circumstances.
After identifying a mortgage deal that perfectly suits your individual needs, we can start arranging your mortgage application.
Our dedicated team in Sheffield will ensure that obtaining a mortgage over 60 in Sheffield is a hassle-free experience by managing all the required documentation for you.
Once you’ve put forth your mortgage request, we’ll also take a moment to explore your insurance possibilities together.
Our aim is to ensure that both you and your loved ones are safeguarded for what lies ahead. Should you unfortunately pass away or find yourself dealing with a chronic disease, we desire for your family to be financially stable.
We provide a free initial mortgage consultation for all our clients. You can easily schedule this either online or by phoning our team to begin your journey.
In this meeting, we’ll examine your personal and financial circumstances to identify what kind of mortgage solutions could be most advantageous for you.
As your mortgage broker in Sheffield, our commitment is to guide you through the entire mortgage acquisition journey.
We aim to remove any stress involved in the process, ensuring you can relax while we deal with the paperwork and source the ideal mortgage solution that matches your situation.
For more than two decades, it’s been our privilege to help clients in Sheffield in securing a mortgage after the age of 60.
Our mission is to offer comprehensive and knowledgeable advice on mortgages in Sheffield, guiding you throughout each stage of the journey while ensuring you’re always informed and up-to-date.
We’re ready to help you every day of the week, including most public holidays, so you can reach out to us at a time that’s most convenient for you.
Whether it’s early morning, late evening or during the night, we’re on hand to address all your queries about securing a mortgage in Sheffield when you’re over 60.
With over two decades of experience in the finance sector, we’ve proudly assisted a multitude of clients in securing mortgages for those over 60 in Sheffield, thanks to the diverse array of mortgage options we have on offer.
Here are the prevalent reasons we often encounter for individuals seeking a mortgage over 60 in Sheffield:
Regardless of your particular circumstances or objectives, we invite you to get in touch with us.
Our devoted team of mortgage advisors in Sheffield provide a free, no-commitment consultation to evaluate your unique circumstances and advise on the most suitable plan of action.
If you’re over 60 and based in Sheffield, the process of remortgaging your home may vary in terms of complexity. Some situations are simple, while others can be more challenging.
Here are some typical reasons we’ve noticed that people over 60 in Sheffield choose to remortgage:
If you’re nearing 60, still in employment, and have a substantial amount of equity, we can probably arrange a standard mortgage product for you.
Its affordability will depend on several factors including your income, your expenses, and the amount you’re planning to borrow.
But if this doesn’t seem like a feasible option for you given your circumstances, our reliable team of mortgage advisors in Sheffield can investigate retirement mortgages.
These may be more appropriate for your situation, and we can provide advice on the most suitable way forward.
The more years you’ve spent in your home, the greater the value you’ll have accumulated in it. Sometimes, this value, known as equity, can be converted into a sizeable cash amount.
There are numerous reasons why individuals over 60 in Sheffield may opt to unlock this equity:
Selecting the most fitting mortgage solution is dependent on your individual circumstances, income, and future plans for your home.
If you’re over 60 and thinking about releasing equity in Sheffield, our team is ready and available to answer your questions and offer a tailored recommendation.
If you’re over 60 and based in Sheffield, remortgaging your home could be an excellent way to fund the renovation of your property.
Living in your home for many years may mean you’ve built up significant equity.
This equity can be used to enhance and modernise your home. Some reasons you might consider remortgaging for home improvements include:
We provide a variety of mortgage options tailored specifically for those aged 60 and above, to help with these home improvements.
Remortgaging your property could be a financially viable option, often providing a lower interest rate than a personal loan.
Moreover, these renovations could potentially enhance the long-term value of your property in Sheffield.
For those based in Sheffield, over the age of 60, and contemplating the pooling of their debts into one monthly mortgage payment, it is critical to obtain expert mortgage guidance.
We’ve noticed a common trend where individuals in this scenario are merely covering the minimum payments on their credit cards, which are primarily interest-driven, leading to negligible decrease in the total debt.
As the golden years of retirement approach, tackling these fiscal hurdles can become a source of anxiety, particularly when you’re depending on pension as a source of income.
It demands thoughtful deliberation when deciding on debt consolidation mortgages designed exclusively for those over 60 in Sheffield.
Without counsel from a seasoned mortgage broker in Sheffield, you may inadvertently worsen your financial predicament and potentially put your home at risk.
Our committed mortgage advisors in Sheffield will evaluate your unique circumstances and the expenses linked to your debts, offering guidance that is customised to align with your financial objectives.
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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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