About Us
Mortgage Search Trading as Lifetime Mortgages are a family firm established by John Murphy in 1992, coincidentally the same year John’s eldest son Stephen was born. Roll forward a decade or two and Stephen is now a fully qualified CeMAP mortgage advisor having worked in a variety of positions within financial services firms. Stephen joined the firm 2 years ago and has taken on more responsibility for the mortgage and protection business, leaving John to concentrate more on Equity Release and Later Life products.
Over the years we have built our client base on our (hard earned) reputation for clear, fair and honest advice. As John has got older so have his clients and what started out as a subsidiary is now our core business. As a fully-fledged member of ‘The Baby Boomers’ John understands the impact retirement can have on a person’s income and lifestyle.
Things have certainly evolved over recent years. People are living longer and leading healthier more active lives. This means expectations have risen, just because you’ve stopped working doesn’t mean you don’t still want to enjoy life, of course we all have to slow down at some point, but nobody wants to stop!!
Equity Release is helping more and more people live life to the full and to enjoy their retirement years. Equity Release firms are now regulated by The Financial Conduct Authority. This was a welcome development, guaranteeing high standards of qualified advice We are proud to be part of this philosophy, and also proud of our transparency and friendly and relaxed method of conducting business. We want you to feel at ease when you come in and even more so when you leave. If after your consultation, we conclude Equity Release isn’t right for you we will tell you straight!
The pandemic has made life difficult for us all. Our priority is the safety of our customers and staff, our offices will remain closed until we are convinced 100% it is safe to do so.
Like many others we are now working remotely ‘from home’, but have fully adjusted to the circumstances and offer a 100% remote service which requires no ‘face to face’ meetings.
We have a process in place for managed consultations for our customers via phone, email and Skype. We’ve made applications to lenders, arranged surveys without a physical visit from the surveyors and instructed solicitors on your behalf removing the need to physically meet them. There’s a bit more to do for sure, but the show is most definitely going on. Stay safe.
We promise to put you at ease and answer any questions you have in a friendly, relaxed manner. We will not charge you any fees until the application reaches a successfully completion.
We will involve your family if you so choose. We will search the whole of the market place for the product which best suits your needs, no ifs, no buts….
Our fees structure is simple and transparent. We charge a flat fee of £499 regardless of loan size, only payable upon completion. There are no consultation fees no administration fees just £499.
Our ‘price match plus’ policy guarantees we will not be beaten on fees by any of our competitors. Not only do we only charge for a successful conclusion we GUARANTEE the lowest arrangement fees in the UK.
Our policy is clear, where some firms charge as much as 1.95% arrangement fees with a minimum fee of £1495 we charge £495 for any loan size. If the transaction does not complete for whatever reason (even if you change your mind) there will be no fees due. Taking an Equity Release Mortgage is a big commitment and may not be the best option for your circumstances. We will advise you honestly and fairly on the route we think is best for you personally, and in addition we recommend you visit the following site, supported by the government and (we think) really useful and highly informative: www.moneyadviceservice.org.uk
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DISCLAIMER
EQUITY RELEASE: An Equity Release product will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefits. To understand the features and risks please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt seek independent advice.
John Murphy is the Principle of Lifetime Mortgages. Mortgage Search trading as LIFETIME MORTGAGES is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority.
MORTGAGES & DEBT CONSOLIDATION:
• YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
• Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home. There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service, these services may be more suitable for you.
• The Financial Conduct Authority does not regulate most buy to let mortgages.
FEES: We typically charge a fee of £299 for our mortgage services, which is payable upon completion. For our Equity Release Advice we charge a flat fee of £499 regardless of loan size.