If you are over the age of 55 and are a homeowner, whether you have a mortgage to your name or not, you may be eligible to take out an equity release plan.
Equity release plans give homeowners the chance to release a portion of the value of their home into a tax-free lump sum, or in smaller sums that can be taken out over a duration of time.
Nottinghammoneyman specialise in providing their customers with a complete service. This includes open & honest mortgage advice in Nottingham from qualified and experienced later life mortgage advisors in Nottingham.
This service is backed up by a hard working team of case managers, allows your later life mortgage advisor in Nottingham to find the most suitable product that benefits you now and also further down the line, in the future, from the whole of the market.This allows us to make sure your equity release plan is put in place as quickly as possible. We’ll also make sure you are kept well informed all throughout your process.
Your later life mortgage advisor in Nottingham will take an in-depth look at your current situation, your past experiences and what it is you are hoping to achieve in the future. This allows them to decide whether or not equity release in Nottingham is the right path for you to take.
If no other alternatives are suitable and equity release in Nottingham is right for you, your later life mortgage advisor will be able to look and find the best product to suit you both now and in the future, with mortgage lenders from the whole of the market.
There are two main types of equity release in Nottingham for you to choose from – the lifetime mortgage, which is available to homeowners over the age of 55, as well as the home reversion plan* (which includes you selling all or part of your home).
Whether you are looking to raise some funds so that you can help out out your children or grandchildren, repay a mortgage or other debts that are existing in your name, make any home improvements or boost your retirement income for a desired purpose, our fast & friendly team of experienced mortgage advisors can work to help you achieve your goals.
A lifetime mortgage in Nottingham will give you the chance to release tax-free money from your homes value. You will be able to keep 100% ownership of your home and stay within there for the rest of your life. Typically speaking, a lifetime mortgage in Nottingham is repaid when your home is sold after your death or when you permanently move into care. If there are two of you, this will apply to the surviving borrower.
In recent times, lifetime mortgages in Nottingham have become much more flexible that can give you the option to make voluntary payments, monthly interest payments and port your mortgage to another home.
For any additional mortgage advice in Nottingham regarding equity release in Nottingham, it is worth getting in touch with a qualified later life mortgage advisor in Nottingham.
Speak with a mortgage broker in Nottingham and we will be able to book you in with one of our dedicated later life mortgage advisors to discuss your options for releasing equity in Nottingham.
For any further mortgage advice in Nottingham regarding lifetime mortgages, later life lending or equity release in Nottingham, it is worth seeking expert mortgage advice from someone who is a specialist in this mortgage field, such as Nottinghammoneyman.
Book your free mortgage appointment and speak with a mortgage broker in Nottingham, where you will benefit from an in-depth discussion with one of our later life mortgage advisors. They will happily take a look at your options for releasing equity in Nottingham and advise on the most suitable route for you to take.
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.
If you take out a lifetime mortgage in Nottingham, any mortgage or loans that you already have in your name, that are secured on your property must be repaid.
Any interest that has built up over time, along with the amount released must be repaid upon death or moving into long term care.
Taking out a lifetime mortgage in Nottingham will reduce the amount of equity that you have access to in your property. This means there will be less to look to if you would like to leave an inheritance or cover the costs of care in later life, should you need to rely on this.
At Nottinghammoneyman, our later life mortgage expert in Equity Release & Lifetime Mortgages. They are committed to helping customers with their inquiries and objectives in this area.
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 Nottingham can offer valuable guidance.
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This was a really easy process Dan exained the details and how everything worked and helped me understand the product Thank you I can now enjoy my retirement without any financial worries.
4 days ago
Exceptional service as usual used Jason & Debbie 3 times now and would highly recommend there service. They are efficient and keep you upto date from start to finish. Excellent
1 week ago
Excellent all round service,from start to finish.
1 week ago
Absolutely, exceptional service as always, we have now used the service 3 times with Jason & Debbie & every time they are so professional. Would highly recommend there service.
2 weeks ago
This company are absolutely fantastic and worth every penny. My mortgage advisor Malcolm was extremely knowledgable and helped to put a very nervous customer at ease. If you are considering going with a broker you could do no better than Nottingham...
2 weeks ago
Matt C really helped me with the process so far of purchasing my first house. As a first time buyer I was unsure of the process and he helped from my first enquiry into how much I could afford, all the way to an accepted mortage offer. My employment...
3 weeks ago
Malcolm has been excellent. He has kept in frequent contact and updated me every step of the way. All communications have been explained clearly, with Malcom ensuring I understand what everything means and what to expect. I would highly recommend...
1 month ago
Very efficient & clear communication. Excellent service.
1 month ago
Jason has been fantastic throughout, always available, clear with his communications and made the process completely pain free for me!!
2 months ago
Excellent service very open and honest like making new friends.
3 months ago
Fantastic customer service from start to finish. Called Nottinghammoneyman around 9pm one evening, and I was surprised at how quickly they returned my call. Matt was excellent throughout, arranged all contact at a time that suited us, which were...
3 months ago
Absolutely amazing from start to finish. So helpful, every step of the way we was informed of what was happening. Cannot thank them enough.
5 months ago
Very pleased with the service. Chris and the Team have helped me through the mortgage process, making it as easy as possible. They have also managed to find an excellent mortgage deal.
5 months ago
Nottingham moneyman helped me with my first mortgage 5 years ago and I had a great experience then and now my mortgage is up I have had another great experience with sorting out what to do next. Couldn't recommend the company enough
5 months ago
Professional, polite & thorough. I’m genuinely glad I found these guys. Thank you so much.
5 months ago
Excellent service the help and support provided throughout the process was second to none. I would highly recommend this company for any of the services they provide. Dan Osman in particular was so supportive and invested in my family he was such...
5 months ago
Excellent service from Tom for our second mortgage, supported us through the process with very quick turnaround. Cannot recommend Nottinghammoneyman highly enough!
5 months ago
Quick at responding and delivered on everything they promised.
6 months ago
The Nottingham Money Man group have been fantastic in helping me to navigate the complicated waters of house buying and obtaining a mortgage and the relevant other insurances etc you need with this. They have taken their time to explain things...
6 months ago
Well what can i say We dealt with Leo Shakespeare and Jo Parnell throughout all stages of Our Mortgage Application, they both discussed and went through every detail throughly and helped us immensely i couldn't of wished for anyone better to of...
7 months ago
When you schedule a free initial mortgage appointment with our laterlife mortgage advisor in Nottingham, we will engage in a thorough conversation regarding your objectives and strategies concerning inheritance.
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.
Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.
In the event that equity release is determined to be either suitable or unsuitable for your needs, our knowledgeable later life mortgage advisors in Nottingham will direct you to the appropriate services that can further assist you in devising your plans.
We will be always be there to support you through the entire process. With our continuous guidance and care, we will help you through your mortgage journey together, reducing as much stress from you as we possibly can.
We always make sure that we are doing everything we can to overcome any mortgage hurdles that may crop up during a customers process, no matter the difficulty of their case! We love a good challenge and will work hard to help you, our customer, with your best interests always being at the heart of what we do.
As an open & honest mortgage broker in Nottingham, we have been hard at work, helping all of our customers to achieve their mortgage dreams for over 20 years and counting. The same passion and dedication we have for helping our regular mortgage customers, is exactly what we bring to the table when providing top level whole of market lifetime mortgage advice in Nottingham, for all of our older, valued client base.
Your family is always welcome to take part in our mortgage advice process and we will always accommodate clients’ different needs and situations in any way that we are able to. Once you have had your free equity release and lifetime mortgage advice appointment, your later life mortgage advisor will search for the perfect lifetime mortgage deal in Nottingham that applies to your current personal and financial circumstances, as well as what may come in the future.
If you think that an equity release plan might be the right step for you to take next, then it is important that you are aware of all the options and alternatives available to you, the advantages and the disadvantages.
Book a free appointment today and benefit from speaking with one of our trusted later life mortgage advisors. They will be more than happy to talk through this with you.
They will help you understand the process of a later life mortgage, what options you may have available to you and the effect taking a lifetime mortgage in Nottingham might have on state benefits, tax and the equity that is remaining in your home, over time.
We actively encourage the clients that we speak to, to involve their family members or other individuals that you trust, who can help and support you through the process and be present at the meetings we have together.
Further to this side of the service we provide, we are also more than happy to work with any financial advisors, accountants or solicitors that you would like to keep included in your financial planning decisions.
If it is done the right way, equity release in Nottingham should not have an effect on your tax position or benefits. It is key to remember though that everyone has different circumstances, and a later life mortgage advisor in Nottingham will need to have a more complete view of your situation in order to provide the best advice.
It is important that you are able to find a later life mortgage advisor that you are able to trust and are comfortable sharing all of your details with. We believe this is something we excel at, as honesty and integrity is at the heart of what we do. Our genuine customer reviews are a great reflection of this.
Once we have been able to identify the right plan, your later life mortgage advisor in Nottingham will provide you with an illustration and a written recommendation, that will outline all the information you have given us and why we believe this particular plan is suitable for you.
You later life mortgage advisor in Nottingham will then take the time to run through their recommendation with you, before they progress on and submit an application to the mortgage lender on your behalf.
We have a truly brilliant team of experienced case managers who, alongside your later life advisor in Nottingham, will manage your entire equity release process, up until it completes. They will always make sure you are well informed and know how to get in touch, if you need to speak with 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.