EQUITY RELEASE ALTON
LIFETIME MORTGAGE ADVICE ALTON
The Mortgage hive offer tailored Equity Release mortgage advice to help you maximise your retirement.
Learn more about lifetime mortgages in Alton and how to release equity from your property. We can help you obtain an equity release plan which enables you to get a tax-free lump sum to help you move into retirement.
Equity Release Mortgages & Lifetime Mortgages
Have you given equity release options any thought? Would you like to release some money from your property? We are Alton equity release advisers and we serve the surrounding areas. Contact our team immediately if you want to learn more about equity release options.
Equity release if used for many purposes such as:. Giving a family member a cash gift, home improvements, paying off existing mortgage/loans. Whatever the reason we can help find the best equity release solution for you.
We can assist you in obtaining the immediate financial support you require through an equity release product, such as a lifetime mortgage or home reversion plan. Contact one of our later life lending specialists today.
Financial freedom is just around the corner, we have helped many clients here in Alton. Therefore, if you are over 55, an equity release product/solution could allow you to access any money held in your property tax free.
Contact our specialists at this time to learn more about our equity release mortgage services in Alton and the surrounding areas.
What Is An Equity Release?
Equity Release is releasing the money that has been built up in your property.
You can choose to release the equity in one lump sum or may choose to release part of equity left now and additional parts later on via a draw down facility . In contrast to a traditional mortgage, you wont be required to pay monthly payments to a lender.
Everyone's future requires financial planning, so contact our Alton lifetime mortgage brokers immediately if you'd like to discuss your equity release options. We will discuss equity release options such as lifetime mortgage products, home reversions plans along with other lending options that meets your needs.
A member of the Equity Release Council .
We are a proud member of the equity release council and have abide by the Council rules and Statement of Principles.
Here at The Mortgage Hive, we only offer advice on products from lenders that are also members and agree to the Equity Release Council standards and principles. Hence they all offer a no negative equity guarantee; speak to our specialists today.
Do I Pay Interest On An Equity Release?
Although housing prices in Alton are prone to swings due to the city's rising popularity and the number of people trying to move into the city, your lifetime mortgage interest rate is often fixed for life.
When taking out an equity release in Alton or any other area of the UK you often have the option to make voluntary payments. If you choose not too the interest will roll up (compounded) over the years and could lead significantly to more increased debt.
Here at The Mortgage Hive, we have the experience and understanding necessary to offer advice source the best equity release product for your circumstances. Our team will make sure you understand the process in its entirety, once the most suited equity release product is sourced we will offer a personalised illustration to explain the interest rates, costs, advantages and disadvantages of the recommendation, before we submit your equity release application.
Equity Release Mortgage & Lifetime Mortgages In Alton
In Alton a lifetime mortgage would be the most popular option if you were looking for equity release. In this case, you still own the entire property, where as in home reversion plan you sell your property and become a lifelong rent free tenant.
With a lifetime mortgage the equity release loan secured on your Alton home must be paid back with any accrued interest either when you enter long-term care or when you pass away.
By speaking with one of our later life experts right away, we'll be able to give you the most appropriate service that can help you secure the best equity release loan possible.
Our team here in Alton wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Alton or across the suburbs of Alton, we can help you release equity release questions.
Pros & Cons Of An Equity Release
Pros
-
You can keep your existing property
-
No affordability checks by lender
-
Option to make voluntary payments or let interest compound up
-
Interest Rates can be fixed for Life
Cons
-
Equity release can affect means-tested benefits.
-
You may pay an early repayment charge should you wish to pay the debt off sooner.
-
Interest Compounds up if you choose not to make payments.
Equity Release Solutions In Alton; Call The Mortgage Hive Today
A variety of equity release options are accessible to you with our team of Equity Release advisers in Alton. We will always give you sound, friendly, and responsive advice that is upto date with market developments. Our experts will always act in your best interests.
So, please pick up the phone and call one of our specialists if you have any questions or concerns about equity release in Alton. We are pleased to secure your equity release product and are always happy to provide advice and direction.
Our local Equity Release Advisers can help you throughout the UK including the following nearby locations in Hampshire with Equity Release advice; Southampton, Fareham, North Baddesley, Tadley, Liphook, Chandlers Ford, Alton, Holbury, Totton, South Hayling, Hook, Horndean, Emsworth, Lymington, Bordon, Bursledon, Hythe, Lee On The Solent, Blackwater, Ashely, West End, Whiteley, Romsey, Hedge End, Petersfield.