Our Customers
Later Life Finance help clients UK wide with their Mortgage needs.
We always put your best interests first and provide a first class level of service.
Expert Advice You Can Rely On
We provide expert later life mortgage advice to homeowners over the age of 55.
Whether your current mortgage rate is coming to an end, you are planning to gift an early inheritance to family, or you would simply like to raise some extra funds to enjoy your retirement, or improve your home, our highly experienced advisers will compare all your options and offer you the best possible solution for your specific requirements.
A first-class standard of advice and service are guaranteed.
Our interest only mortgage was coming to an end,
We didn't want to sell our family home
Our customer stories
Interest only mortgage solution
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!
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.
Who We Help
Later Life Finance help clients all over the UK with their Later Life Mortgage needs.
Very good
Michael Dilucia08/07/2023My equity release application had been rejected 3 times when I was referred to Peter at Later Life. He was extremely thorough, patient, friendly, and knowledgeable. He helped us with every step of the application and explained everything clearly and patiently. We finally succeeded in getting the equity release we wanted. I cannot recommend them highly enough. Their service goes above and beyond. Very happy customers!Sherry Izadi08/07/2023Paul has been a rock throughout the most traumatic time of my life. His patience has been endless as I was clueless about my financial complications after the death of my husband. I recommend his services to anyone out there needing his advice and guidance.Hazel Franklin20/10/2022Paul Murphy was superb in sourcing and arranging my lifetime mortgage and his professionalism was second to none. I would recommend him without reservation.Tony Holloway31/03/2022Paul did a first class job helping me secure a great rate for my equity release proposition. I like the idea of equity release but at the right rate Paul was competitive and at the expense of his own commission made it happen. I really felt I was the focus not him. The big firms with the fancy marketing were almost twice as much in terms of all- important compound interest. I highly recommend Paul, he works for you, not 'them'. I also felt safe with the solicitors he recommended, they too sent a first class guy who was a pleasure to work with. Equity release is not cheap, it's vital that people like Paul work for your best interest (pun intended). What price can you place on the latter peace of mind having financial security brings. Highly delighted.Mike Murray31/03/2022We have used Paul's services twice in just over a year. Initially it was to change provider as better interes rates were available. On the annual review it transpired that no early repayment charges would be levied. Being a Yorkshire man l searched for best rates, providers and advisors and it was back to Paul. I have no loyalty where money is concerned but transparency, knowledge and reliability are paramount. That's exactly what we got. Good service, excellent communication, expedience and saved money. Second time around not even a direct fee to pay for the service. Another provider did come up with an option however their fees were somewhat prohibitive, when l brought this to their attention they offered to slash the fee. Not good practice. So after all the waffle. I have no reservations in recommending Paul's services.Anthony Grey08/09/2021We had reservations about Equity Release plans and approached a number of leading companies. Glad we settled with Paul Murphy and Responsible Life. He was patient and personable and guided us through the process. We received a most professional service, never felt under pressure. The plan is now in place. Excellent communications throughout. No hesitation, would highly recommend Paul. Jw.Jeffrey Wade07/01/2021A truely excellent service from Paul. From the moment we made contact with Paul he provided clear balanced advice supported by any documentation we asked for. We researched the market at the same time, independently, and it was evident Paul was offering a very competitive product that met our needs exactly. Paul’s speed of communication was outstanding, by e mail or phone, and we literally had replies within minutes. An extremely professional and friendly service and we were delighted Paul secured the deal we wanted. We wouldn’t hesitate to recommend Paul’s expertise, advice and resultant product suggestions to anyone considering these financial products. Thank you!!Priors Bob26/12/2020Brilliant service from this company! Paul was so helpful all through the process and made everything so simple to understand! Thank you Paul, you are a star! Would definitely recommend!Alice Froggatt08/11/2019
Lifetime 'remortgage' & a gift to family
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.
Financial Security, now & in the future
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.
