EQUITY RELEASE SOUTHAMPTON

LIFETIME MORTGAGE ADVICE SOUTHAMPTON

 

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

Learn more about lifetime mortgages in Southampton 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 given equity release options any thought? Would you like to release some money from your property? We are Southampton 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 Southampton. 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 Southampton and the surrounding areas.

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What Is Equity Release?

Equity release products allow you to take money that is tied up in your property back out as a lump sum payment; with certain products, you can get either a lump sum or a lump sum with a facility for further drawdowns. The money could be used for a variety of things such as to top up cash savings, help out family members, conduct home improvements without the need of monthly payments

Financial planning is a crucial part of everyone's future, so if you are ready to get equity release advice, speak to our team here at The Mortgage Hive today; depending on the value of your home, your age and your health status, we can find the best lifetime mortgage for you.

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?

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 Southampton 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 Southampton. 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 Southampton, 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 Southampton 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 Southampton, 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.

Equity Release Mortgage & Lifetime Mortgages In Southampton

In Southampton 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 Southampton 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 Southampton wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Southampton or across the suburbs of Southampton, we can help you release equity release questions.

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 Southampton; Call The Mortgage Hive Today

Our team of equity release experts in Southampton have been providing clients with the best equity solutions. We will always offer you practical, friendly and responsive advice that is up-to-date with any changes to the market. Our team will always have your best interests in mind.

So, if you have any questions or queries regarding equity release in Southampton, please pick up the phone and speak to one of our experts today. We are always happy to offer advice and guidance to secure the best equity release product for you.

Get more out of your retirement in Southampton with equity release today.

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