EQUITY RELEASE HAVANT
LIFETIME MORTGAGE ADVICE HAVANT
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 Havant, get in touch with one of our later life lending consultants today!
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 Havant 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 Havant. 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 Havant and the surrounding areas.
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 Havant 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 Havant 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 Havant 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?
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 Havant 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 Havant. 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 Havant, 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 Havant 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 Havant, 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.
Lifetime Mortgages In Havant
If you are looking for the most popular equity release plan, that would be the lifetime mortgage. This is where you retain complete property ownership and with most lenders have the option to make voluntary monthly payments.
The equity release loan and interest charged is repayable when you either move into long-term care or when you pass away. If you are a couple and have taken an equity release loan out together, the money will be due to be repaid once the remaining person passes or moves into long-term care.
Here in Havant, we want the residents in the area to be comfortable and confident that they are safe in their homes for the rest of their lives; speaking to one of our later life advisors today means we can look at any existing mortgages you have, other assets and provide you with a personal service that can get you the best equity release loan for you.
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 Havant; 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 Havant, please pick up the phone and get in touch with one of our Havant 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 Havant 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 with Equity Release advice; Bournemouth, Poole, Christchurch, Wimborne Minster, Blandford, Swanage, Ferndown, Ringwood, Verwood, Wareham, Highcliffe, New Milton, Lymington, Fordingbridge, Salisbury.