EQUITY RELEASE WIMBORNE MINSTER
LIFETIME MORTGAGE ADVICE WIMBORNE MINSTER
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 WIMBORNE, 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 WIMBORNE 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 WIMBORNE, 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 WIMBORNE 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.
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 Wimborne Minster are prone to swings due to the town'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 WIMBORNE 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.
Equity Release Mortgage & Lifetime Mortgages In Wimborne
In Wimborne Minster 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 WIMBORNE 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 Wimborne Minster wants the locals to feel safe secure in their home for the rest of their lives. Whether you live in the central Wimborne or across the suburbs of WIMBORNE, we can help you release equity release questions.
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.
Equity Release Solutions In Wimborne; Call The Mortgage Hive Today
A variety of equity release options are accessible to you with our team of Equity Release advisers in WIMBORNE. 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 WIMBORNE. We are pleased to 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.