EQUITY RELEASE WINCHESTER
LIFETIME MORTGAGE ADVICE WINCHESTER
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 Winchester, get in touch with one of our later life lending consultants today!
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 Winchester have experience in helping clients in the borough and the surrounding areas. If you have been looking for a Winchester 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 Winchester. 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 Winchester. 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 Winchester 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?
You will be required to pay interest on your equity release mortgages. However, the interest rates are fixed when you drawdown the funds, so they won't alter even if the value of your property does. With most equity release lifetime mortgages you have the option to make voluntary payments to stop the interest compounding up.
Although Winchester is becoming an increasingly popular place to live and house prices frequently fluctuate, with a safe equity release, your interest rate won't change.
The monthly interest rates can be discussed with your equity release expert in Winchester. There are different products available and we will be happy to run through all options that are open to you.
Our equity release Winchester brokers, have the expertise and knowledge needed to provide whole of the marker later life lending. Equity release advice (Life time Mortgages and Home reversion plans) as well as various retirement interest only mortgage options. (RIO)
Lifetime Mortgages In Winchester
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 Winchester, 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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Equity loan can help pay off other debts, finance a holiday, carry out home improvements or help family members.
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Tax Free Lump Sum money to fulfil any lifelong ambitions you have had
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Equity release can be used to top up cash savings to supplement retirement income
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The interest rate remains fixed.
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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If you don't make voluntary payments, Interest will compound up.
Need Equity Release Advice In Winchester; 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 Winchester, please pick up the phone and get in touch with one of our Winchester 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 Winchester 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.