EQUITY RELEASE NEWCASTLE

LIFETIME MORTGAGE ADVICE NEWCASTLE

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 Newcastle, get in touch with one of our later life lending consultants today!

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 Newcastle 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 Newcastle 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 Newcastle, 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 Newcastle and the surrounding areas.

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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?

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 Newcastle 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 Newcastle. 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 Newcastle, 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 Newcastle 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 Newcastle, 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 Newcastle

In Newcastle 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 Newcastle, 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

  • 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.

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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.

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Equity Release Solutions In Newcastle; 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 Newcastle. We look forward to helping you secure your equity release product and are always happy to provide advice and direction.

You can get more out of your retirement by supplementing your income with .

Our local Equity Release Advisers can help you throughout the UK with Equity Release advice; Bournemouth, Poole, Christchurch, London, Birmingham, Leeds, Newcastle, Liverpool, Southampton