EQUITY RELEASE WEST END
LIFETIME MORTGAGE ADVICE WEST END
If you are looking for advice in a variety of equity-release mortgages options to help you make the most of your retirement, you have come to the right place. The Mortgage Hive are an equity release specialist offering advice in equity release schemes such as Lifetime Mortgage & Home Reversion plans alongside other later life lending options such as Retirement Interest Only Mortgages (RIO) . If you are considering Releasing equity tax free in your property and want to learn more about equity release products in West End, get in touch with one of our later life lending consultants 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 West End 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 West End, 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 West End 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.
Proud Member of the Equity Release Council
The Mortgage Hive along with the Equity Release providers we use, are members of the Equity Release council.
All Equity Release council members need to abide by the councils standard and principles, such as making sure that all their products have a 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 Aldershot 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 Aldershot. 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 Aldershot, 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 Aldershot 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 Aldershot, 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 Aldershot
In Aldershot 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 Aldershot 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 Aldershot wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Aldershot or across the suburbs of Aldershot, 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
Need Equity Release Advice In West End; 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 West End, please pick up the phone and get in touch with one of our West End 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 West End 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 in Hampshire with Equity Release advice; Southampton, Fareham, North Baddesley, Tadley, Liphook, Chandlers Ford, Alton, Holbury, Totton, South Hayling, Hook, Horndean, Emsworth, Lymington, Bordon, Bursledon, Hythe, Lee On The Solent, Blackwater, Ashely, West End, Whiteley, Romsey, Hedge End, Petersfield.