Life Cover Norfolk Lifetime Mortgage

Lifetime Mortgages

The UK is an ageing population with reports showing that by 2030 one in five people will be 65 or over. As a result the Lifetime Mortgage has grown and developed to help people who are 55 or older to raise money which is based on their biggest asset which in most circumstances is their home.

There is no affordability testing and essentially down to how old you are and how much is your property worth.

MCB are qualified Advisers experienced in this field to discuss in detail what your needs and requirements are and offer a solution bespoke to you. It is important to emphasis we are not just advisers in Lifetime Mortgages so we are not blinkered to only looking at a Lifetime Mortgage when another option may be a better solution for you.

With a Lifetime Mortgage you can release the equity in the property as a tax free sum for any legal purpose including:

  • Adapting & Improving your home to enable you to live independently for longer
  • Paying off debts such as a mortgage, loans, credit cards to reduce your monthly outgoings
  • To fund a deposit to family members to help them purchase a property
  • Paying for help and care around the home
  • To keep you in a lifestyle you accustomed to
  • To pay for a holiday or a car

You do not have to make any repayments and the interest can roll up and will never be more than the value of the property or you can opt to service the interest so the debt does not grow over time.

With a Lifetime Mortgage you get to keep ownership and remain in the property as the product does not end until second death or if the surviving partner goes into care or if you sell the property.

RIO Mortgages & Mortgages with No Maximum Age

As we have said, at MCB we will look at the overall picture and not just giving you advice on Lifetime Mortgages as there may be a better product suited to you circumstances such a RIO Mortgage or a Mortgage with a Lender that has no maximum age.

Remortgages Norwich

Your home may be repossessed if you do not keep up repayments on your mortgage. Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

*This is a lifetime mortgage scheme. To understand the features and risks, ask for a personalised illustration.

Enquire about a Lifetime Mortgage

Talk to a MCB Adviser

 

01603 864760

 

Lines open 9:00am to 5pm Monday to Friday.

All of our Mortgage Advisers are fully qualified and waiting to take your call.

Service you can trust

First Class

MCBs knowledge of the financial market is superb.  They give honest advice in a way that is easy to understand. We have always found them  easily contactable and quick to answer any questions or queries we have.  I have never received anything but first class standard from them.

Sonia in Norwich

MCB Financial Services
5
2020-02-13T12:04:54+00:00

Sonia in Norwich

MCBs knowledge of the financial market is superb.  They give honest advice in a way that is easy to understand. We have always found them  easily contactable and quick to answer any questions or queries we have.  I have never received anything but first class standard from them.

Excellent

Excellent fact finding and customer understanding in first instance. Worked tirelessly to find right products which I felt were not only competitive but explained the small detail, which is so often overlooked. Paul also gave a long term view/strategy. An all round first class service.

Andy in Norwich

MCB Financial Services
5
2020-05-21T21:27:31+00:00

Andy in Norwich

Excellent fact finding and customer understanding in first instance. Worked tirelessly to find right products which I felt were not only competitive but explained the small detail, which is so often overlooked. Paul also gave a long term view/strategy. An all round first class service.

Great Firm

Great firm, honest, pragmatic and professional advice. I've always found Mark and his team to be really helpful - a rare find in an often bureaucratic industry, highly recommended!

James in Norfolk

MCB Financial Services
5
2020-05-21T21:31:58+00:00

James in Norfolk

Great firm, honest, pragmatic and professional advice. I've always found Mark and his team to be really helpful - a rare find in an often bureaucratic industry, highly recommended!

Customer at the heart of everything

When dealing with MCB, I've felt they put the customer at the heart of everything they do. In my own personal experience I received excellent customer service for my own mortgage, they sat down with me to understand my needs and showed a genuine interest on helping me achieve this. I was kept up to date throughout the whole mortgage process and would thoroughly recommend MCB to anyone needing guidance/reassurance on help their finances.

Matthew in Norwich

MCB Financial Services
5
2020-05-21T21:35:44+00:00

Matthew in Norwich

When dealing with MCB, I've felt they put the customer at the heart of everything they do. In my own personal experience I received excellent customer service for my own mortgage, they sat down with me to understand my needs and showed a genuine interest on helping me achieve this. I was kept up to date throughout the whole mortgage process and would thoroughly recommend MCB to anyone needing guidance/reassurance on help their finances.

Highly Recommended

Mark and the team are superb. No silly jargon, no hard sell, just good old fashioned customer service and advice. Highly recommended, and will use them again and again. They have already helped me on several occasions. I have also recommended them to friends and colleagues.

Richard in Suffolk

MCB Financial Services
5
2020-05-21T21:39:53+00:00

Richard in Suffolk

Mark and the team are superb. No silly jargon, no hard sell, just good old fashioned customer service and advice. Highly recommended, and will use them again and again. They have already helped me on several occasions. I have also recommended them to friends and colleagues.
5
5
MCB Financial Services