EQUITY RELEASE HAMWORTHY

LIFETIME MORTGAGE ADVICE HAMWORTHY

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 Hamworthy, get in touch with one of our later life lending consultants today!

Equity Release Mortgages

Have you thought about your equity release options? Want to know if you can release cash funds from your property? At the Mortgage Hive our knowledgeable equity release advisers service Hamworthy and the surrounding areas. If you have questions about equity release, contact our staff immediately.

Suppose you wish to take a trip and travel the world, give a family member a monetary gift, or even transform your garden into a peaceful retreat. In that case, releasing money tied up in your property via an equity release product may be appropriate. We can determine the optimum equity release plan for you. We can help you get the urgent financial relief you need through equity release. Our Hamworthy Equity release broker will look at all options, Lifetime mortgages, Home Reversions plans and other Later Life mortgages such as Retirement Interest Only Mortgages (RIO).

Thanks to the hundreds of clients we have assisted thought-out the United Kingdom not just Hamworthy, financial freedom is just around the corner! Thanks to our knowledge of the equity release market, our guidance will help you access any money tied up in your property.

Get in touch with our experts to learn more about our equity release mortgage services in Hamworthy 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 Hamworthy 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.

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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 Hamworthy 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 Hamworthy 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 Hamworthy

In Hamworthy 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 Hamworthy, 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

Keep your property, Pay off your existing mortgage
No affordability check done by the lender
Option to make voluntary payments or let interest compound up

Cons

Equity release may affect your means tested benefits.
You may pay an early repayment charge should you want to pay the debt off sooner.

Equity Release Solutions In Hamworthy; 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 Hamworthy. 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.