EQUITY RELEASE BIRMINGHAM

LIFETIME MORTGAGE ADVICE BIRMINGHAM

Our team of Birmingham equity release advisers, are experts in specialist equity release advice and will guide you on making the most out of your retirement life! Learn more about lifetime mortgages in Birmingham and guidance on releasing equity in your property. To learn more about various equity release plans and how you can get your hands on tax-free cash, speak to one of our equity release experts today!

Equity Release Mortgages

Have you thought about your equity release options? Want to know if you can release cash funds from your property? At the Mortgage Hive our knowledgeable equity release advisers service Birmingham and the surrounding areas. If you have questions about equity release, contact our staff immediately.

Suppose you wish to take a trip and travel the world, give a family member a monetary gift, or even transform your garden into a peaceful retreat. In that case, releasing money tied up in your property via an equity release product may be appropriate. We can determine the optimum equity release plan for you. We can help you get the urgent financial relief you need through equity release. Our Birmingham Equity release broker will look at all options, Lifetime mortgages, Home Reversions plans and other Later Life mortgages such as Retirement Interest Only Mortgages (RIO).

Thanks to the hundreds of clients we have assisted thought-out the United Kingdom not just Birmingham, financial freedom is just around the corner! Thanks to our knowledge of the equity release market, our guidance will help you access any money tied up in your property.

Get in touch with our experts to learn more about our equity release mortgage services in Birmingham and the surrounding areas.

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What Is Equity Release?

Once you are over the age of 55, it is possible to take lump sum payment of tax free money secured by your Birmingham property with the aid of equity release. You can choose to release the equity in one lump sum, or opt to have a facility to draw down further funds when required. In contrast to a traditional mortgage, you don't need to make monthly payments to a lender, making payments with some equity release schemes is voluntary. Many clients opt to make voluntary payments hence treating the loan like a conventional mortgage to stop the interest from compounding up. Working with a reliable equity release specialist in Birmingham can give you peace of mind that your individual circumstances are catered for?

Everyone's future requires financial planning, so contact our team at The Mortgage Hive today if you would like further information. We can establish the best Birmingham lifetime mortgage for you based on your age, health, and the home's value.

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Part of the Equity Release Council

The Mortgage Hive are proud members of the equity release council.

The Lifetime Mortgage Lenders we use are also members of the equity release council and hence, abide by the Council standards and principles. Such as offering, no negative equity guarantee.

Do I Pay Interest On An Equity Release?

Although housing prices in Birmingham 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 Birmingham 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 Birmingham

In Birmingham 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 Birmingham 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 Birmingham wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Birmingham or across the suburbs of Birmingham, we can help you release equity release questions.

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.

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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.

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Need Equity Release Advice In Birmingham; 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 Birmingham, please pick up the phone and get in touch with one of our Birmingham 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 Birmingham 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 with Equity Release advice; Bournemouth, Poole, Christchurch, London, Birmingham, Leeds, Newcastle, Liverpool, Southampton