EQUITY RELEASE FERNDOWN
LIFETIME MORTGAGE ADVICE FERNDOWN
The Mortgage hive offer tailored Equity Release mortgage advice to help you maximise your retirement.
Learn more about lifetime mortgages in Ferndown and how to release equity from your property. We can help you obtain an equity release plan which enables you to get a tax-free lump sum to help you move into retirement.
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 Ferndown 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 Ferndown. 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 Ferndown and the surrounding areas.
What Is An Equity Release?
Equity Release is releasing the money that has been built up in your property.
You can choose to release the equity in one lump sum or may choose to release part of equity left now and additional parts later on via a draw down facility . In contrast to a traditional mortgage, you wont be required to pay monthly payments to a lender.
Everyone's future requires financial planning, so contact our Ferndown lifetime mortgage brokers immediately if you'd like to discuss your equity release options. We will discuss equity release options such as lifetime mortgage products, home reversions plans along with other lending options that meets your needs.
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?
You will be required to pay interest on your equity release mortgages. However, the interest rates are fixed when you drawdown the funds, so they won't alter even if the value of your property does. With most equity release lifetime mortgages you have the option to make voluntary payments to stop the interest compounding up.
Although Ferndown is becoming an increasingly popular place to live and house prices frequently fluctuate, with a safe equity release, your interest rate won't change.
The monthly interest rates can be discussed with your equity release expert in Ferndown. There are different products available and we will be happy to run through all options that are open to you.
Our equity release Ferndown brokers, have the expertise and knowledge needed to provide whole of the marker later life lending. Equity release advice (Life time Mortgages and Home reversion plans) as well as various retirement interest only mortgage options. (RIO)
Equity Release Mortgage & Lifetime Mortgages In Ferndown
In Ferndown 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 Ferndown 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 Ferndown wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Ferndown or across the suburbs of Ferndown, we can help you release equity release questions.
Pros & Cons Of An Equity Release
Pros
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Keep your property, Pay off your existing mortgage
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No affordability check done by the lender
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Option to make voluntary payments or let interest compound up
Cons
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Equity release may affect your means tested benefits.
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You may pay an early repayment charge should you want to pay the debt off sooner.
Equity Release Solutions In Ferndown; 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 Ferndown. We look forward to helping you 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 with Equity Release advice; Bournemouth, Poole, Christchurch, Wimborne Minster, Blandford, Swanage, Ferndown, Ringwood, Verwood, Wareham, Highcliffe, New Milton, Lymington, Fordingbridge, Salisbury.