EQUITY RELEASE BROADSTONE
LIFETIME MORTGAGE ADVICE BROADSTONE
At the Mortgage Hive, though out Broadstone 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 Broadstone 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 given equity release options any thought? Would you like to release some money from your property? We are Broadstone 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 Broadstone. 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 BROADSTONE and the surrounding areas.
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.
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?
You will be required to pay interest on equity release lifetime mortgages. However, with most products the interest rates are fixed for life when you receive the money, so they won't alter even if the value of your property does.
Although Broadstone is becoming an increasingly popular place to live and house prices frequently fluctuate, with equity release, your interest rate won't alter. Your interest rates can be fixed for life.
The monthly interest rates need to be discussed with your equity release expert in Broadstone. They will create a personalised illustration from the equity release provider and explain all the costs. They will highlight and explain to you why its the most suited equity release plan for your circumstances.
With a Lifetime Mortgage in Broadstone, you will have Interest to pay. However with most providers you have an options to make voluntary payments, to stop the interest from compound up. If you choose not to make payments, the Equity you initially released from your Broadstone home plus any interest that has been added will need to paid back if you enter long term care or pass away.
Our equity release brokers in Broadstone, have the expertise and knowledge needed to provide you with impartial whole of the market equity release advice and guidance. Our experienced consultants will ensure you completely understand the procedure.
Lifetime Mortgages In Broadstone
In BROADSTONE 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 Broadstone 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 Broadstone, 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
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Keep your property
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Release money tax free for multiple purposes.
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No affordability check is done by lender
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Option to make voluntary payments or let interest compound up
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Interest Rate fixed for life.
Cons
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Equity release may affect your means tested benefits if you receive any
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You may pay an early repayment charge should you want to pay the debt off sooner.
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Interest Compounds up if you do not make payments
Need Equity Release Advice In Broadstone; 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 Broadstone, please pick up the phone and get in touch with one of our BroadstoneR 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 Broadstone 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; Bournemouth, Poole, Christchurch, Wimborne Minster, Blandford, Swanage, Ferndown, Ringwood, Verwood, Wareham, Highcliffe, New Milton, Lymington, Fordingbridge, Salisbury.