EQUITY RELEASE VERWOOD
LIFETIME MORTGAGE ADVICE VERWOOD
Our team of VERWOOD 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 VERWOOD 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 & 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 VERWOOD 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 VERWOOD, 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 VERWOOD and the surrounding areas.
What Is Equity Release?
With the help of equity release products, you are able to withdraw money secured by your property as a tax free lump sum payment. With some of these products, you can opt to have a facility for further drawdowns. You do not have to make monthly interest payments. However, a lot of products do allow voluntary payments. The benefit of this is that the interest on your equity release loan wont compound up.
Everybody's future needs financial planning, so if you're ready to receive equity release guidance, get in touch with our team at The Mortgage Hive immediately. Depending on your house's value, age, and current health, we can determine the most appropriate lifetime mortgage for you.
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 VERWOOD 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 VERWOOD. 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 VERWOOD, 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 VERWOOD 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 VERWOOD, 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.
Lifetime Mortgages In VERWOOD
In VERWOOD the lifetime mortgage is the most preferred equity release product/solution, as you will keep ownership of your property. When you either enter long-term care or pass away, the equity release loan and the entire amount of the interest must be repaid. Speaking with one of our advisers today will allow us to assess your circumstances and offer a personal service that can get you the best equity release loan suited for you.
Here in VERWOOD, we want the residents to feel financial secure and at stress free for the rest of their lives.
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 VERWOOD; 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 VERWOOD. 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.