EQUITY RELEASE WAREHAM
LIFETIME MORTGAGE ADVICE WAREHAM
The Mortgage hive offer tailored Equity Release mortgage advice to help you maximise your retirement.
Learn more about lifetime mortgages in WAREHAM 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 thought about releasing some of the equity secured in your property? Have you considered seeking advice in your equity release options? Our equity release advisers in WAREHAM have experience in helping clients in the borough and the surrounding areas. If you have been looking for a WAREHAM equity release broker, that offers impartial advice please get in touch.
Equity release is often a solution for those who want to pay off an existing Interest Only Mortgage, gifting to a family member, making home improvements; most equity release providers do not request you spend the cash released on anything specific, you may wish just want to supplement your retirement income.
Our Equity Release brokers can help you to obtain the immediate financial support you require through equity release such as a lifetime mortgage in WAREHAM. Contact one of our Equity Release specialists right now.
Financial freedom is just around the corner, and there are many clients that we have helped here in WAREHAM. If you are over 55, an equity release product could allow you to release any money tied up in your property.
Contact our Lifetime Mortgage Advisers in WAREHAM today, learn more about the different equity release mortgage solutions available to you on the market today.
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.
Our Equity Release Brokers are members of the Equity Release Council
The Mortgage Hive is a an established member of the Equity Release Council.
The Lenders we recommend are also members, which means the equity release products abide by the council standards and principles, such as no negative equity guarantee.
Do I Pay Interest On An Equity Release?
Although housing prices in WAREHAM 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 WAREHAM 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 WAREHAM
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 WAREHAM, 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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Keep your property, Pay off your existing mortgage
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No affordability check done by the lender
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Option to make voluntary payments or let interest compound up
Cons
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Equity release may affect your means tested benefits.
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You may pay an early repayment charge should you want to pay the debt off sooner.
Need Equity Release Advice In WAREHAM; Call The Mortgage Hive Today
Our team will always provide information that is up-to-date with market and is friendly and accommodating. Our equity release brokers will always act in your best interests, so you are in safe hands.
So, if you have any questions or worries concerning equity release in WAREHAM, please pick up the phone and get in touch with one of our WAREHAM equity release brokers. We are focused in giving the most suitable equity release advice for your circumstances. and are always willing to offer expert guidance.
You may make the most of your retirement in WAREHAM with an equity release solution. Speak to our later life lending experts; we promise to help you in any way we can.
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.