EQUITY RELEASE MANCHESTER
LIFETIME MORTGAGE ADVICE MANCHESTER
The Mortgage hive offer tailored Equity Release mortgage advice to help you maximise your retirement.
Learn more about lifetime mortgages in Manchester and how to release equity from your property. We can help you obtain an equity release plan which enables you to get a tax-free lump sum to help you move into retirement.
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 Manchester 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 Manchester. 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 Manchester 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 Manchester 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 Manchester 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 Manchester lifetime mortgage for you based on your age, health, and the home's value.
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 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 Manchester 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 Manchester. 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 Manchester, 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 Manchester 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 Manchester, 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 Manchester
In Manchester 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 Manchester, 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
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Release money tax free for multiple purposes.
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No affordability check is done by lender
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Option to make voluntary payments or let interest compound up
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Interest Rate fixed for life.
Cons
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Equity release may affect your means tested benefits if you receive any
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You may pay an early repayment charge should you want to pay the debt off sooner.
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Interest Compounds up if you do not make payments
Equity Release Solutions In Manchester; Call The Mortgage Hive Today
Our team of equity release experts in Manchester have been providing clients with the best equity solutions. We will always offer you practical, friendly and responsive advice that is up-to-date with any changes to the market. Our team will always have your best interests in mind.
So, if you have any questions or queries regarding equity release in Manchester, please pick up the phone and speak to one of our experts today. We are always happy to offer advice and guidance to secure the best equity release product for you.
Get more out of your retirement in Manchester with equity release today.
Our local Equity Release Advisers can help you throughout the UK including the following nearby locations with Equity Release advice; Manchester, Sale (Greater Manchester) , Altringham (Greater Manchester) , Warrington, Stockport,