EQUITY RELEASE BURSLEDON

LIFETIME MORTGAGE ADVICE BURSLEDON

If you are looking for advice in a variety of equity-release mortgages options to help you make the most of your retirement, you have come to the right place. The Mortgage Hive are an equity release specialist offering advice in equity release schemes such as Lifetime Mortgage & Home Reversion plans alongside other later life lending options such as Retirement Interest Only Mortgages (RIO) . If you are considering Releasing equity tax free in your property and want to learn more about equity release products in Bursledon, get in touch with one of our later life lending consultants today!

Equity Release Mortgages & Lifetime Mortgages

Have you been thinking about the possibility of equity release or are considering a lifetime mortgage? Do you want to release some funds tied up in your property? Here at The Mortgage Hive, we are equity release advisers servicing Bursledon and the surrounding areas. We specialise in equity release, so if you would like to discuss equity release, speak to our team today.

Whether you want extra money to travel and explore the world, or you want to give a financial gift to your children, or even transform your garden into a haven you can enjoy, equity release might be for you!

Within our equity release or a lifetime mortgage advice process, Our specialist advisers will look at your financial situation to find the most suitable product for your circumstances.

Here in Bursledon, we have helped many clients with advice about equity release. Financial freedom is right around the corner! So, if you are over 55, you can access any funds tied up in your property with an equity release product.

Speak to our equity release mortgage experts today; we offer this service in Bursledon and the surrounding areas.

Book a Free Lifetime Mortgage Consultation

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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.

Save Money Today Call 01202 084064

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

  • Keep your property

  • Release money tax free for multiple purposes.

  • No affordability check is done by lender

  • Option to make voluntary payments or let interest compound up

  • Interest Rate fixed for life.

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.

  • Interest Compounds up if you do not make payments

Equity Release Solutions In Bursledon; Call The Mortgage Hive Today

A variety of equity release options are accessible to you with our team of Equity Release advisers in Bursledon. 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 Bursledon. 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.