EQUITY RELEASE GILLINGHAM
LIFETIME MORTGAGE ADVICE GILLINGHAM
The Mortgage hive offer tailored Equity Release mortgage advice to help you maximise your retirement.
Learn more about lifetime mortgages in Gillingham 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 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 Gillingham 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 Gillingham, 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 Gillingham 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 Gillingham 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.
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?
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 Gillingham 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 Gillingham. 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 Gillingham, 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 Gillingham 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 Gillingham, 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.
Equity Release Mortgage & Lifetime Mortgages In Gillingham
In Gillingham 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 Gillingham 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 Gillingham wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Gillingham or across the suburbs of Gillingham, we can help you release equity release questions.
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 Gillingham; Call The Mortgage Hive Today
Our team of equity release experts in Gillingham have been providing clients with the best equity solutions. We will always offer you practical, friendly and responsive advice that is up-to-date with any changes to the market. Our team will always have your best interests in mind.
So, if you have any questions or queries regarding equity release in Gillingham, please pick up the phone and speak to one of our experts today. We are always happy to offer advice and guidance to secure the best equity release product for you.
Get more out of your retirement in Gillingham with equity release today.
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.