EQUITY RELEASE FAREHAM

LIFETIME MORTGAGE ADVICE FAREHAM

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 Fareham, 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 Fareham have experience in helping clients in the borough and the surrounding areas. If you have been looking for a Fareham 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 Fareham. 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 Fareham. 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 Fareham today, learn more about the different equity release mortgage solutions available to you on the market today.

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What Is Equity Release?

With the help of equity release products, you are able to withdraw money secured by your property as a tax free lump sum payment. With some of these products, you can opt to have a facility for further drawdowns. You do not have to make monthly interest payments. However, a lot of products do allow voluntary payments. The benefit of this is that the interest on your equity release loan wont compound up.

Everybody's future needs financial planning, so if you're ready to receive equity release guidance, get in touch with our team at The Mortgage Hive immediately. Depending on your house's value, age, and current health, we can determine the most appropriate lifetime mortgage for you.

Save Money Today Call 01202 084064

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?

Although housing prices in Fareham 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 Fareham 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.

Lifetime Mortgages In Fareham

In Fareham 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 Fareham 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 Fareham, 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

Need Equity Release Advice In Fareham; 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 Fareham, please pick up the phone and get in touch with one of our Fareham 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 Fareham 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 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.