EQUITY RELEASE HYTHE
LIFETIME MORTGAGE ADVICE HYTHE
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 Hythe, get in touch with one of our later life lending consultants today!
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 Hythe 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 Hythe, 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 Hythe and the surrounding areas.
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.
Proud Member of the Equity Release Council
The Mortgage Hive along with the Equity Release providers we use, are members of the Equity Release council.
All Equity Release council members need to abide by the councils standard and principles, such as making sure that all their products have a no negative equity guarantee.
Do I Pay Interest On An Equity Release?
Although housing prices in Hythe 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 Hythe 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.
Equity Release Mortgage & Lifetime Mortgages In Hythe
In Hythe 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 Hythe 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 Hythe wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Hythe or across the suburbs of Hythe, we can help you release equity release questions.
Pros & Cons Of An Equity Release
Pros
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You can keep your existing property
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No affordability checks by lender
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Option to make voluntary payments or let interest compound up
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Interest Rates can be fixed for Life
Cons
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Equity release can affect means-tested benefits.
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You may pay an early repayment charge should you wish to pay the debt off sooner.
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Interest Compounds up if you choose not to make payments.
Need Equity Release Advice In Hythe; 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 Hythe, please pick up the phone and get in touch with one of our Hythe 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 Hythe 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.