EQUITY RELEASE ROYAL WOOTTON BASSETT
LIFETIME MORTGAGE ADVICE ROYAL WOOTTON BASSETT
Our team of Romsey equity release advisers, are experts in specialist equity release advice and will guide you on making the most out of your retirement life! Learn more about lifetime mortgages in Royal Wootton Bassett and guidance on releasing equity in your property. To learn more about various equity release plans and how you can get your hands on tax-free cash, speak to one of our equity release experts 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 Romsey 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 Romsey 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 Romsey, 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 Romsey 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 Romsey 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.
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 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 Romsey 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 Romsey. There are different products available and we will be happy to run through all options that are open to you.
Our equity release Romsey 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 Royal Wootton Bassett
In Romsey 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 Royal Wootton Bassett 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 Romsey, 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
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Equity loan can help pay off other debts, finance a holiday, carry out home improvements or help family members.
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Tax Free Lump Sum money to fulfil any lifelong ambitions you have had
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Equity release can be used to top up cash savings to supplement retirement income
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The interest rate remains fixed.
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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If you don't make voluntary payments, Interest will compound up.
Need Equity Release Advice In Royal Wootton Bassett; Call The Mortgage Hive Today
Our team will always provide information that is up-to-date with market and is friendly and accommodating. Our equity release brokers will always act in your best interests, so you are in safe hands.
So, if you have any questions or worries concerning equity release in Royal Wootton Bassett, please pick up the phone and get in touch with one of our Royal Wootton Bassett equity release brokers. We are focused in giving the most suitable equity release advice for your circumstances. and are always willing to offer expert guidance.
You may make the most of your retirement in Romsey with an equity release solution. Speak to our later life lending experts; we promise to help you in any way we can.
Our local Equity Release Advisers can help you throughout the UK including the following nearby locations for Wiltshire Lifetime Mortgage advice ;
Trowbridge, Chippenham, Calne, Devizes, Melksham, Warminster, Westbury, Royal Wootton Bassett, Amesbury, Corsham, Tidworth, Bradford on Avon, Marlborough, Malmesbury, Durrington, Ludgershall, Bulford, Salisbury.