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A lifetime mortgage is a type of equity release product, typically available to homeowners aged 55 and over, though there are other mortgage options available for those under 55 that allow you to access funds from your property.
It allows you to unlock some of the equity tied up in your home without the need to sell it. Unlike a traditional mortgage, you don’t make monthly repayments. Instead, the loan and any accrued interest are repaid when you either pass away or move into long-term care.
As a trusted mortgage broker in Bristol, we offer alternatives for those over 50, and if any of these options are better suited to your needs, our team will recommend them when appropriate.
There are two main types of lifetime mortgages: a lump sum option, where you receive the funds all at once, and a drawdown lifetime mortgage, allowing you to withdraw money as needed.
Interest builds up over time on the amount borrowed, and it’s important to understand that this can reduce the value of your estate and affect your entitlement to means-tested benefits.
As a lifetime mortgage advisor in Bristol, we often suggest lifetime mortgages if you’re considering options like:
A lifetime mortgage in Bristol is a popular option for those aged 55 and over looking to purchase a new property. It allows you to secure the mortgage against your new home while unlocking equity from the property without needing to make monthly repayments unless you choose to. This can enable you to afford a more expensive home or relocate closer to family.
As providers of lifetime mortgage advice in Bristol, we’ve older borrowers who use lifetime mortgages to purchase a property for reasons such as:
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.
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187 5 Star Reviews
Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
15 May 2026
Julie Brake
We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
12 May 2026
Abdul khaliq Mayar
I would highly recommend UK Money Man, especially Matthew Collinson and Paula. They have done an amazing job for me from start to finish. My previous mortgage broker got my application declined through TMW, and I was very stressed and worried. When I came to UK Money Man, they completely changed the game for me. Matthew was always helpful, professional, and kept me updated at every stage — even on his day off. That level of service really meant a lot to me. Paula was also fantastic and worked hard on my application. Thanks to their hard work and support, my mortgage was approved. I truly appreciate everything they have done for me and my family. I would definitely recommend Matthew, Paula, and UK Money Man to anyone looking for a reliable and supportive mortgage broker.
11 May 2026
Flc
Amazing company! Used them many times since 2018 and always a high standard of service! Would definitely recommend!
5 May 2026
William Thompson
I would like to say Thankyou to Jonathan and Dan for giving me an easy experience in sorting out my equity release.They were polite,friendly and very professional in their duties,and they made everything as easy as possible for me
29 Apr 2026
Yasir Noori
The team at UK Moneyman, especially Stacey Waudby and Matt Collinson, were fantastic. They have been really helpful throughout the process and in keeping me in the loop, with any update regarding the application
16 Apr 2026
Janiene Walton
Great service, very professional and I felt my adviser really was interested in helping me get the best deal for a repayment mortgage for my age group.
29 Mar 2026
Andrea McLaren
What a fantastic team. Can’t recommend them highly enough. Warren and Johnathan were so professional and so easy to talk and explain things to. Everything about my remortgage went smoothly thanks to them. I will certainly be recommending them to friends and family. Thank you guys for all of your help, couldn’t have done it without you.
20 Mar 2026
Paul PI
UK Moneyman provide an excellent service, in my case with complex conveyancing. Simple upload of documents, excellent comms and friendly. They took time to understand my needs and to explain options and prov8de illustrations of what I was agreeing to. Fee was reasonable and transparent with no hidden traos or surprises. When things were not quite going as expected (loan provider not UK moneyman this was sorted quickly and efficiently. I would thoroughly reccomend them if you are looking for a mortgage, especially if what you need is not quite standard. Warren and Lizzy did the work, thankyou both...
19 Mar 2026
Craig Butler
I had a great experience working with Leo and Jo as my mortgage brokers. As a first-time buyer, the whole process felt quite daunting at the start, but they provided clear and helpful information from day one, which really put me at ease. They were always quick to respond to my emails and kept everything moving smoothly, regularly following up and making sure nothing was missed. A special mention to the moment they called to let me know my mortgage offer had been approved. It made the whole experience feel exciting and personal, rather than just transactional. I’d definitely recommend Leo and Jo to anyone, especially if you’re a first-time buyer looking for guidance and support throughout the process.
18 Mar 2026
Booking a free initial mortgage appointment with a lifetime mortgage advisor in Bristol allows you to explore your options without any initial commitment.
While a lifetime mortgage is a great option for many, there are other alternatives available for homeowners, particularly those under 55 or seeking different financial solutions.
Considering a lifetime mortgage is a significant decision, and it’s important to discuss your plans with family members or trusted parties. Involving them in the process can ensure everyone understands how it might affect your estate or inheritance.
At the heart of our service is providing a tailored lifetime mortgage recommendation. We take the time to understand your financial goals, personal circumstances, and future plans to ensure we offer a mortgage solution that fits your needs.
As a reputable and trusted mortgage broker in Bristol, we have been helping our customers to achieve the mortgage goals they have their hearts set on for over two decades.
Your family is always encouraged to be a part of the lifetime mortgage advice process and we will always accommodate the various needs and situations our customers are in, if we are able to do so.
Once you have spoken to someone in your free lifetime mortgage advice appointment, your dedicated mortgage advisor in Bristol will look for the perfect lifetime mortgage deal.
We will only recommend a product that fits your current and future financial situation.
We work 7 days a week so that you can get in touch at a time that suits you.
We will be there to support you from the beginning of your process, every step of the way.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Bristolmoneyman 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.
© Bristolmoneyman 2009–2026
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Bristolmoneyman 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.
© Bristolmoneyman 2009–2026
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