EQUITY RELEASE SALISBURY
LIFETIME MORTGAGE ADVICE SALISBURY
At the Mortgage Hive, though out SALISBURY 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 SALISBURY 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 & Lifetime Mortgages
Have you given equity release options any thought? Would you like to release some money from your property? We are SALISBURY 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 SALISBURY. 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 SALISBURY 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 SALISBURY 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 SALISBURY 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 SALISBURY lifetime mortgage for you based on your age, health, and the home's value.
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 SALISBURY 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 SALISBURY 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.
Equity Release Mortgage & Lifetime Mortgages In SALISBURY
In SALISBURY a lifetime mortgage would be the most popular option if you were looking for equity release. In this case, you still own the entire property, where as in home reversion plan you sell your property and become a lifelong rent free tenant.
With a lifetime mortgage the equity release loan secured on your SALISBURY home must be paid back with any accrued interest either when you enter long-term care or when you pass away.
By speaking with one of our later life experts right away, we'll be able to give you the most appropriate service that can help you secure the best equity release loan possible.
Our team here in SALISBURY wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central SALISBURY or across the suburbs of SALISBURY, we can help you release equity release questions.
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 SALISBURY; 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 SALISBURY. We look forward to helping you 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.