EQUITY RELEASE SHERBORNE

LIFETIME MORTGAGE ADVICE SHERBORNE

 

The Mortgage hive offer tailored Equity Release mortgage advice to help you maximise your retirement.

Learn more about lifetime mortgages in Sherborne and how to release equity from your property. We can help you obtain an equity release plan which enables you to get a tax-free lump sum to help you move into retirement.

Equity Release Mortgages & Lifetime Mortgages

Have you been thinking about the possibility of equity release or are considering a lifetime mortgage? Do you want to release some funds tied up in your property? Here at The Mortgage Hive, we are equity release advisers servicing Sherborne and the surrounding areas. We specialise in equity release, so if you would like to discuss equity release, speak to our team today.

Whether you want extra money to travel and explore the world, or you want to give a financial gift to your children, or even transform your garden into a haven you can enjoy, equity release might be for you!

Within our equity release or a lifetime mortgage advice process, Our specialist advisers will look at your financial situation to find the most suitable product for your circumstances.

Here in Sherborne, we have helped many clients with advice about equity release. Financial freedom is right around the corner! So, if you are over 55, you can access any funds tied up in your property with an equity release product.

Speak to our equity release mortgage experts today; we offer this service in Sherborne and the surrounding areas.

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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 Sherborne 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.

Save Money Today Call 01202 084064

Part of the Equity Release Council

The Mortgage Hive are proud members of the equity release council.

The Lifetime Mortgage Lenders we use are also members of the equity release council and hence, abide by the Council standards and principles. Such as offering, no negative equity guarantee.

Do I Pay Interest On An Equity Release?

Although housing prices in Sherborne are prone to swings due to the city's rising popularity and the number of people trying to move into the city, your lifetime mortgage interest rate is often fixed for life.

When taking out an equity release in Sherborne or any other area of the UK you often have the option to make voluntary payments. If you choose not too the interest will roll up (compounded) over the years and could lead significantly to more increased debt.

Here at The Mortgage Hive, we have the experience and understanding necessary to offer advice source the best equity release product for your circumstances. Our team will make sure you understand the process in its entirety, once the most suited equity release product is sourced we will offer a personalised illustration to explain the interest rates, costs, advantages and disadvantages of the recommendation, before we submit your equity release application.

Lifetime Mortgages In Sherborne

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 Sherborne, 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

  • Keep your property, Pay off your existing mortgage

  • No affordability check done by the lender

  • Option to make voluntary payments or let interest compound up

Cons

  • Equity release may affect your means tested benefits.

  • You may pay an early repayment charge should you want to pay the debt off sooner.

Equity Release Solutions In Sherborne; 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 Sherborne. 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.