EQUITY RELEASE NEW MILTON

LIFETIME MORTGAGE ADVICE NEW MILTON

At the Mortgage Hive, though out New Milton 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 New Milton 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.

Equity Release Mortgages

Have you thought about your equity release options? Want to know if you can release cash funds from your property? At the Mortgage Hive our knowledgeable equity release advisers service New Milton and the surrounding areas. If you have questions about equity release, contact our staff immediately.

Suppose you wish to take a trip and travel the world, give a family member a monetary gift, or even transform your garden into a peaceful retreat. In that case, releasing money tied up in your property via an equity release product may be appropriate. We can determine the optimum equity release plan for you. We can help you get the urgent financial relief you need through equity release. Our New Milton Equity release broker will look at all options, Lifetime mortgages, Home Reversions plans and other Later Life mortgages such as Retirement Interest Only Mortgages (RIO).

Thanks to the hundreds of clients we have assisted thought-out the United Kingdom not just New Milton, financial freedom is just around the corner! Thanks to our knowledge of the equity release market, our guidance will help you access any money tied up in your property.

Get in touch with our experts to learn more about our equity release mortgage services in New Milton 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.

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A member of the Equity Release Council .

We are a proud member of the equity release council and have abide by the Council rules and Statement of Principles.

Here at The Mortgage Hive, we only offer advice on products from lenders that are also members and agree to the Equity Release Council standards and principles. Hence they all offer a no negative equity guarantee; speak to our specialists today.

Do I Pay Interest On An Equity Release Mortgage?

With most lenders the interest rates that are charged are fixed for life. This means the rate will not change, even if the market or value of your property changes.

One of the most significant risks involved with taking out an equity release in New Milton or any other locations across the UK is that the interest is compounded. Which means that if you choose not to make a monthly payments, the amount you owe will increase exponentially as interest is charged on interest.

When you speak to your equity release advisor in New Milton they find the most suitable route and generate a personalised illustration. Then offer guidance to go though the monthly interest rates; the costs, advantages and disadvantages of the product with you.

Here at The Mortgage Hive, we have all the necessary experience and understanding to offer equity release advice and guidance. Our team will always ensure you fully understand the process before we submit any future application.

Lifetime Mortgages In New Milton

In New Milton the lifetime mortgage is the most popular type of equity release product. As you still retain ownership of the entire property. Where as in a home reversion plan your property is sold to an equity release company and your will become a rent free lifelong tenant.

With a lifetime mortgage when you enter long-term care or when you pass away, the equity release loan and the entire amount of the interest must be repaid.

Speaking with one of our New Milton equity release brokers today will allow us to look at your circumstances to provide a personal service that can get you the best equity release loan.

Here in New Milton, we want the residents to feel financially secure and happy at home for the rest of their lives.

Pros & Cons Of An Equity Release

Pros

Equity loan can help pay off other debts, finance a holiday, carry out home improvements or help family members.
Tax Free Lump Sum money to fulfil any lifelong ambitions you have had
Equity release can be used to top up cash savings to supplement retirement income
The interest rate remains fixed.

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.
If you don't make voluntary payments, Interest will compound up.

Equity Release Solutions In New Milton; Call The Mortgage Hive Today

A variety of equity release options are accessible to you with our team of Equity Release advisers in New Milton. We will always give you sound, friendly, and responsive advice that is upto 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 New Milton. 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 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.