Equity Release Ilkley
Later Life Finance are the trusted name in later life mortgages and equity release plans for homeowners in Ilkley & Across Yorkshire.
Whether you are considering equity release for inheritance tax planning, a flexible remortgage solution, a dream holiday or simply a cash injection, we will help explore all your options.
“I cannot recommend them highly enough. Their service goes above and beyond. Very happy customers!”
Professional Equity Release Broker Services in Ilkley
Later Life Finance provide a holistic lifetime mortgage advice & broker service for over 55’s across Ilkley and throughout the whole of Yorkshire.
You will benefit from a depth of expertise and knowledge to safely navigate equity release mortgage lender options.
- Deal Direct With an FCA Authorised Lifetime Mortgage Broker
- High Net Worth Later Life Mortgage Specialists
- Bespoke Deals
- Private Client Service for homeowners in Ilkley and beyond
We provide expert advice on retirement & lifetime mortgages for older borrowers in Yorkshire.
Lifetime Mortgage Advice in Ilkley
For expert lifetime mortgage advice in Ilkley Later Life Finance provide home and office appointments to review all your mortgage options in confidence.
Our clients safely arrange tax free equity from their homes for many purposes:
- Remortgages
- Extensions, Kitchens & Home Improvements
- Inheritance Tax Planning With Equity Release
- Debt Consolidation
- Second Homes
- Home Purchase
- Lease Extension
- Cash Injection
Equity Release Mortgage Lenders In Ilkley
We compare deals from the best providers, including several large insurance and pensions firms:
- Aviva
- More to Life
- Legal & General
- Standard Life
- Livemore
- Canada Life
- Royal London
- Just
- Liverpool Victoria
Book a call back to review all plans with your expert adviser and compare the top deals.
Calculate & book your free market review!
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Our expert advisers are here to discuss your options
How Much Equity Can I Release?
Download your Free inheritance tax equity release guide!
Book a FREE no obligation call back?
Our expert advisers are here to discuss your options
A fantastic help changing my Lifetime Mortgage from AVIVA to Canada Life. It was quite a challenging task but he achieved it for me. I can't recommend him highly enough.
Financial Security, now & in the future
A Case Study
Janet, is a 67 year old widow. She lost her husband Martin 2 years ago. She lives in a mortgage-free semi detached property worth £350 000. Janet has a small income and a pension, but has been struggling with the recent cost of living increases and recently needed a new boiler, using up the last of her savings. Janet was reluctant to sell her home as she had lived there for 40 years with Martin and it held a lot of memories.
When Janet spoke to one of our advisors we explained to her all the options available to her. She borrowed £20,000, with a reserve facility of £30,000 that she can use if needed in the future. Janet is relieved to know that her financial future is secure.
Book your FREE discovery call with your expert adviser for a full market review in Ilkley
- Access your free lender comparisons
- Access free calculations, projections and illustrations
- Compare interest payment & inheritance options
- No obligation – save your slot below and book your FREE review
Our interest only mortgage was coming to an end,
We didn't want to sell our family home
Lifetime 'remortgage' & a gift to family
A Case Study
Alan & Rosemary took out a lifetime mortgage in 2008 which was on a relatively high interest rate.
They asked us to review their options based on the current market rates and also enquired whether a further lump sum could be taken in order to gift their two daughters an early inheritance. One daughter is a single parent and the other daughter was planning an extension on her home. They felt both could benefit from a gift of equity, and the feeling was mutual when they met their daughters to discuss their intentions.
We researched the market and established a more competitive interest rate could be sourced, along with further funds for the gift to their daughters.
Due to the more competitive interest rate being secured and produce improvements over the past 10 years we were able to arrange a flexible lifetime mortgage which enabled monthly repayments to be made in order to maintain control of the interest.
Interest only mortgage solutions in Ilkley
A Case Study
Tony and Sue are both 65 and have recently celebrated their Ruby Wedding. Tony works as an accountant whilst Sue brought up their 4 children. They own a £1.2 million detached property, close to their children, with an interest only mortgage remaining of £300,000.
The remaining mortgage was causing both Tony and Sue sleepless nights, as their fixed rate was due to come to an end, and they were due to move to their current lenders standard variable interest rate, which was a lot higher than they currently pay. Both were reluctant to downsize as they didn’t want to move from the home where they brought up their children, and now regularly babysit for their 5 Grandchildren.
Our Later Life Mortgage experts were able to compare the best deals and found Tony and Sue a Lifetime Mortgage with a fixed Lifetime interest rate, enabling them to pay off their existing mortgage, plus release equity of £20,000 so Sue can finally have her dream kitchen!
