EQUITY RELEASE KINGSBRIDGE
LIFETIME MORTGAGE ADVICE KINGSBRIDGE
At the Mortgage Hive, though out Kingsbridge we help people with specialist advice in Equity Release Mortgages. Our tailored advice will help you get the most out of your retirement. Contact us to learn more about lifetime mortgages in Kingsbridge and get guidance on how you can release funds from your property. We can assist you in setting up an equity release plan (Lifetime Mortgage or Home Reversion Plan) matched to your circumstances, whilst comparing to alternative retirement mortgage options.
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Equity Release Mortgages & Lifetime Mortgages
Have you thought about releasing some of the equity secured in your property? Have you considered seeking advice in your equity release options? Our equity release advisers in Leeds have experience in helping clients in the borough and the surrounding areas. If you have been looking for a Leeds equity release broker, that offers impartial advice please get in touch.
Equity release is often a solution for those who want to pay off an existing Interest Only Mortgage, gifting to a family member, making home improvements; most equity release providers do not request you spend the cash released on anything specific, you may wish just want to supplement your retirement income.
Our Equity Release brokers can help you to obtain the immediate financial support you require through equity release such as a lifetime mortgage in Leeds. Contact one of our Equity Release specialists right now.
Financial freedom is just around the corner, and there are many clients that we have helped here in Leeds. If you are over 55, an equity release product could allow you to release any money tied up in your property.
Contact our Lifetime Mortgage Advisers in Leeds today, learn more about the different equity release mortgage solutions available to you on the market today.
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 Leeds 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.
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?
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 Leeds 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 Leeds. 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 Leeds, 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 Leeds 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 Leeds, 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 Kingsbridge
In Kingsbridge 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 Kingsbridge, 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
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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 Kingsbridge; Call The Mortgage Hive Today
A variety of equity release options are accessible to you with our team of Equity Release advisers in Kingsbridge. We will always give you sound, friendly, and responsive advice that is up to date with market developments. Our experts will always act in your best interests.
So, please pick up the phone and call one of our specialists if you have any questions or concerns about equity release in Kingsbridge. We are pleased to 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 with Equity Release advice; Bournemouth, Poole, Christchurch, London, Birmingham, Leeds, Newcastle, Liverpool, Southampton