EQUITY RELEASE ALTRINGHAM
LIFETIME MORTGAGE ADVICE ALTRINGHAM
At the Mortgage Hive, though out Altringham we help people with specialist advice in Equity Release Mortgages. Our tailored advice will help you get the most out of your retirement. Contact us to learn more about lifetime mortgages in Altringham and get guidance on how you can release funds from your property. We can assist you in setting up an equity release plan (Lifetime Mortgage or Home Reversion Plan) matched to your circumstances, whilst comparing to alternative retirement mortgage options.
Equity Release Mortgages & Lifetime Mortgages
Have you thought about releasing some of the equity secured in your property? Have you considered seeking advice in your equity release options? Our equity release advisers in Altringham have experience in helping clients in the borough and the surrounding areas. If you have been looking for a Altringham equity release broker, that offers impartial advice please get in touch.
Equity release is often a solution for those who want to pay off an existing Interest Only Mortgage, gifting to a family member, making home improvements; most equity release providers do not request you spend the cash released on anything specific, you may wish just want to supplement your retirement income.
Our Equity Release brokers can help you to obtain the immediate financial support you require through equity release such as a lifetime mortgage in Altringham. Contact one of our Equity Release specialists right now.
Financial freedom is just around the corner, and there are many clients that we have helped here in Altringham. If you are over 55, an equity release product could allow you to release any money tied up in your property.
Contact our Lifetime Mortgage Advisers in Altringham today, learn more about the different equity release mortgage solutions available to you on the market today.
What Is Equity Release?
Equity release products allow you to take money that is tied up in your property back out as a lump sum payment; with certain products, you can get either a lump sum or a lump sum with a facility for further drawdowns. The money could be used for a variety of things such as to top up cash savings, help out family members, conduct home improvements without the need of monthly payments
Financial planning is a crucial part of everyone's future, so if you are ready to get equity release advice, speak to our team here at The Mortgage Hive today; depending on the value of your home, your age and your health status, we can find the best lifetime mortgage for you.
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?
You will be required to pay interest on your equity release mortgages. However, the interest rates are fixed when you drawdown the funds, so they won't alter even if the value of your property does. With most equity release lifetime mortgages you have the option to make voluntary payments to stop the interest compounding up.
Although Altringham is becoming an increasingly popular place to live and house prices frequently fluctuate, with a safe equity release, your interest rate won't change.
The monthly interest rates can be discussed with your equity release expert in Altringham. There are different products available and we will be happy to run through all options that are open to you.
Lifetime Mortgages In Altringham
In Altringham the lifetime mortgage is the most popular type of equity release product. As you still retain ownership of the entire property. Where as in a home reversion plan your property is sold to an equity release company and your will become a rent free lifelong tenant.
With a lifetime mortgage when you enter long-term care or when you pass away, the equity release loan and the entire amount of the interest must be repaid.
Speaking with one of our Altringham equity release brokers today will allow us to look at your circumstances to provide a personal service that can get you the best equity release loan.
Here in Altringham, we want the residents to feel financially secure and happy at home for the rest of their lives.
Pros & Cons Of An Equity Release
Pros
-
Equity loan can help pay off other debts, finance a holiday, carry out home improvements or help family members.
-
Tax Free Lump Sum money to fulfil any lifelong ambitions you have had
-
Equity release can be used to top up cash savings to supplement retirement income
-
The interest rate remains fixed.
Cons
-
Equity release may affect your means tested benefits if you receive any.
-
You may pay an early repayment charge should you want to pay the debt off sooner.
-
If you don't make voluntary payments, Interest will compound up.
Need Equity Release Advice In Altringham; Call The Mortgage Hive Today
Our team will always provide information that is up-to-date with market and is friendly and accommodating. Our equity release brokers will always act in your best interests, so you are in safe hands.
So, if you have any questions or worries concerning equity release in Altringham, please pick up the phone and get in touch with one of our Altringham equity release brokers. We are focused in giving the most suitable equity release advice for your circumstances. and are always willing to offer expert guidance.
You may make the most of your retirement in Altringham with an equity release solution. Speak to our later life lending experts; we promise to help you in any way we can.
Our local Equity Release Advisers can help you throughout the UK including the following nearby locations with Equity Release advice; Manchester, Sale (Greater Manchester) , Altringham (Greater Manchester) , Warrington, Stockport,