EQUITY RELEASE LEE-ON-THE-SOLENT
LIFETIME MORTGAGE ADVICE LEE-ON-THE-SOLENT
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 Lee-on-the-Solent, 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 Lee-on-the-Solent 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 Lee-on-the-Solent, 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 Lee-on-the-Solent 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 Lee-on-the-Solent 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.
Part of the Equity Release Council
The Mortgage Hive are proud members of the equity release council.
The Lifetime Mortgage Lenders we use are also members of the equity release council and hence, abide by the Council standards and principles. Such as offering, no negative equity guarantee.
Do I Pay Interest On An Equity Release?
You will be required to pay interest on your equity release mortgages. However, the interest rates are fixed when you drawdown the funds, so they won't alter even if the value of your property does. With most equity release lifetime mortgages you have the option to make voluntary payments to stop the interest compounding up.
Although Lee-on-the-Solent is becoming an increasingly popular place to live and house prices frequently fluctuate, with a safe equity release, your interest rate won't change.
The monthly interest rates can be discussed with your equity release expert in Lee-on-the-Solent. There are different products available and we will be happy to run through all options that are open to you.
Our equity release Lee-on-the-Solent brokers, have the expertise and knowledge needed to provide whole of the marker later life lending. Equity release advice (Life time Mortgages and Home reversion plans) as well as various retirement interest only mortgage options. (RIO)
Lifetime Mortgages In Lee-on-the-Solent
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 Lee-on-the-Solent, 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
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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.
Equity Release Solutions In Lee-on-the-Solent; 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 Lee-on-the-Solent. 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 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.