EQUITY RELEASE EAST COWES
LIFETIME MORTGAGE ADVICE EAST COWES
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 East Cowes, get in touch with one of our later life lending consultants today!
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 Eastleigh have experience in helping clients in the borough and the surrounding areas. If you have been looking for a Eastleigh 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 Eastleigh. 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 Eastleigh. 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 Eastleigh today, learn more about the different equity release mortgage solutions available to you on the market today.
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 Eastleigh 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 Eastleigh 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 Eastleigh lifetime mortgage for you based on your age, health, and the home's value.
Our Equity Release Brokers are members of the Equity Release Council
The Mortgage Hive is a an established member of the Equity Release Council.
The Lenders we recommend are also members, which means the equity release products abide by the council standards and principles, such as no negative equity guarantee.
Do I Pay Interest On An Equity Release Mortgage?
With most lenders the interest rates that are charged are fixed for life. This means the rate will not change, even if the market or value of your property changes.
One of the most significant risks involved with taking out an equity release in Eastleigh or any other locations across the UK is that the interest is compounded. Which means that if you choose not to make a monthly payments, the amount you owe will increase exponentially as interest is charged on interest.
When you speak to your equity release advisor in Eastleigh they find the most suitable route and generate a personalised illustration. Then offer guidance to go though the monthly interest rates; the costs, advantages and disadvantages of the product with you.
Here at The Mortgage Hive, we have all the necessary experience and understanding to offer equity release advice and guidance. Our team will always ensure you fully understand the process before we submit any future application.
Lifetime Mortgages In East Cowes
In Eastleigh the lifetime mortgage is the most preferred equity release product/solution, as you will keep ownership of your property. When you either enter long-term care or pass away, the equity release loan and the entire amount of the interest must be repaid. Speaking with one of our advisers today will allow us to assess your circumstances and offer a personal service that can get you the best equity release loan suited for you.
Here in Eastleigh, we want the residents to feel financial secure and at stress free for the rest of their lives.
Pros & Cons Of An Equity Release
Pros
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Equity loan can help pay off other debts, finance a holiday, carry out home improvements or help family members.
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Tax Free Lump Sum money to fulfil any lifelong ambitions you have had
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Equity release can be used to top up cash savings to supplement retirement income
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The interest rate remains fixed.
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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If you don't make voluntary payments, Interest will compound up.
Equity Release Solutions In East Cowes; Call The Mortgage Hive Today
Due to our experience we will be able to look at multiple equity release options, as well as more traditional retirement mortgages to find the best solution tailored for you. We will always give you sound, friendly, and expert advice that is up to date with the current market. So, please pick up the phone and call one of our equity release specialists if you have any questions or concerns about equity release in East Cowes. We look forward to helping you secure your equity release product and are always happy to provide advice and direction.
You can get more out of your retirement by supplementing your income with .
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.