EQUITY RELEASE SALE MANCHESTER
LIFETIME MORTGAGE ADVICE SALE MANCHESTER
Our team of Sale 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 Sale 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 Sale 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 Sale 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 Sale, 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 Sale 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 Sale 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.
Proud Member of the Equity Release Council
The Mortgage Hive along with the Equity Release providers we use, are members of the Equity Release council.
All Equity Release council members need to abide by the councils standard and principles, such as making sure that all their products have a no negative equity guarantee.
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 Sale 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 Sale 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 Sale
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 Sale, 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 Sale; 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 Sale. We look forward to helping you secure your equity release product and are always happy to provide advice and direction.
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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,