EQUITY RELEASE WEST MOORS

LIFETIME MORTGAGE ADVICE WEST MOORS

Our team of West Moors 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 West Moors 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 given equity release options any thought? Would you like to release some money from your property? We are West Moors 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 West Moors. 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 West Moors 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

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?

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 West Moors 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 West Moors. 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 West Moors, 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 West Moors 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 West Moors, 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 West Moors

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

Pros & Cons Of An Equity Release

Pros

  • Keep your property

  • Release money tax free for multiple purposes.

  • No affordability check is done by lender

  • Option to make voluntary payments or let interest compound up

  • Interest Rate fixed for life.

Cons

  • Equity release may affect your means tested benefits if you receive any

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

  • Interest Compounds up if you do not make payments

Equity Release Solutions In West Moors; Call The Mortgage Hive Today

A variety of equity release options are accessible to you with our team of Equity Release advisers in West Moors. We will always give you sound, friendly, and responsive advice that is upto date with market developments. Our experts will always act in your best interests.

So, please pick up the phone and call one of our specialists if you have any questions or concerns about equity release in West Moors. We are pleased to secure your equity release product and are always happy to provide advice and direction.