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Equity Release
Advice Hull

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Equity Release
Advice Hull

With numerous equity release products or alternatives available, our experts will help you find the right solution for you.

Free Equity Release Review

How does equity release in Hull work?

An equity release plan applies to those who are 55+ and own their home with or without a mortgage, subject to eligibility. The way the equity release plan works is by releasing some of the value of your home as a tax-free lump sum. Alternatively, you can have this release in smaller parts over a specific length of time.

Here at Hullmoneyman, we are experts in providing a friendly and comprehensive service. This professionally delivered mortgage advice in Hull is from our qualified Later Life Mortgage Advisors. We have a professional team of case managers that are there to ensure that your plan is put in place as swiftly as possible.

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Lifetime Mortgages in Hull

There are many reasons why you may look at the option of a lifetime mortgage including raising money to help out children or grandchildren, repaying an existing mortgage or other debts, carrying out home improvements or boosting your retirement income to help you with the increased cost of living. Whatever your reasons are, our caring advisors can help you with your mortgage goals.

A Lifetime Mortgage in Hull provides you with the chance to release tax-free money from the value of your home. By doing this, you will keep 100% ownership and you can stay in your home for the duration of your life. Usually, a Lifetime Mortgage in Hull is repaid from the sale of your home following your death or going into permanent care (with two borrowers this applies to the last survivor).

Over the last few years, Lifetime Mortgage in Hull has become increasingly more flexible with additional options where you can make voluntary payments, monthly interest payments and move your mortgage to another property. If you are looking for more Mortgage Advice in Hull concerning Equity Release in Hull, it can be helpful to look for advice from a specialist in the field.

Speak to a Mortgage Broker in Hull, and our team will be able to book you in with one of our Later Life Mortgage Advisors who can help you explore your options for releasing equity in Hull.

Free Mortgage Appointment in Hull

Within the process, your dedicated Later Life mortgage advisor in Hull will be there to provide you with the suitable help and support you need. They will look into your current situation, your past experience and your goals/plans for the future. By doing this, they can get the full picture of your situation and whether Equity Release in Hull, or an alternative, is appropriate for you. This is all part of the tailored service we provide.

If equity release is practicable for you, your Later Life mortgage advisor in Hull will source the best product that will be appropriate for both you in the present and in the future from the whole of the market. When it comes to Equity Release in Hull there are two types, one being a lifetime mortgage which is available for 55+ and the home reversion plan (which involves selling all or part of your home).

Both types of equity release plans, lifetime mortgages and home reversion plans, are regulated by the Financial Conduct Authority.

To understand the features and risks, ask for a personalised illustration. Equity Release may come in the form of a lifetime mortgage or home reversion plan. A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.

A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.

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Equity Release FAQs in Hull

What are some things to remember with equity release?

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When it comes to taking out a lifetime mortgage in Hull, any existing mortgages or loans secured on your property must be repaid.

All accrued interest must be paid along with the amount released must be repaid on death or moving into long term care.

Get in touch with a mortgage broker in Hull and our team can book you in with one of our knowledgeable later lifetime mortgage advisors who can explore your options for releasing equity in Hull.

If you decide to take out a lifetime mortgage in Hull, you will reduce the amount of equity available in your property to leave as an inheritance or to use for the payment of care fees in later life, if you need to rely on this.

I have an Equity Release enquiry, can you help?

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At Hullmoneyman, our later life mortgage expert in Equity Release & Lifetime Mortgages. They are committed to helping customers with their inquiries and objectives in this area.

Can you help me Remortgage to Release Equity?

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Our expertise extends beyond Equity Release & Lifetime Mortgages. If you are approaching the end of your fixed term and have standard remortgage queries, our team of mortgage brokers in Hull can offer valuable guidance.

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Our Simple Mortgage Process

Free 30 Minute Chat About Your Future

Step 1

When you schedule a free initial mortgage appointment with our laterlife mortgage advisor in Hull, we will engage in a thorough conversation regarding your objectives and strategies concerning inheritance.

Alternatives to Equity Release

Step 2

While equity release and lifetime mortgages remain viable options, we consider them as last-resort solutions. Our belief is that there might exist a more suitable alternative tailored to your specific circumstances.

Discuss With Family / Trusted Parties

Step 3

Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.

Tailored Lifetime Mortgage Recommendation

Step 4

In the event that equity release is determined to be either suitable or unsuitable for your needs, our knowledgeable later life mortgage advisors in Hull will direct you to the appropriate services that can further assist you in devising your plans.

I have Equity to Release, can you help?

Free Mortgage Review

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Following on from your free equity release and lifetime mortgage advice appointment, our team will then search for the most appropriate lifetime mortgage deal in Hull that is fitting for your personal and financial circumstances currently and future.

Through our 20 years as a Mortgage Broker in Hull, we have helped a plethora of customers achieve their mortgage goals.

Finding You The Perfect Deal

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We work hard in getting you through the process and overcoming any mortgage hurdles that we may be faced with. We go the extra mile for our customers and always have your best interests at heart.

Our team provide a friendly service that is informative and honest to satisfy our valued older clients looking to seek whole of market lifetime Mortgage Advice in Hull.

Our Service

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Your dedicated later life mortgage advisor will provide a helping throughout the process making sure they have answered all your questions and support with the aim of reducing as much stress as we possibly can that could come with the process.

7 Days a Week

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We do encourage our clients to bring in any family members into the process and we will always accommodate clients’ different needs and circumstances if we possibly can.

Malcolm and Amy Davidson - Mortgage Advice in Hull

Finding you the Right Equity Release Deal in Hull

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Things to Consider with Equity Release in Hull

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When it comes to taking out a lifetime mortgage in Hull, any existing mortgages or loans secured on your property must be repaid.

All accrued interest must be paid along with the amount released must be repaid on death or moving into long term care.

If you decide to take out a lifetime mortgage in Hull, you will reduce the amount of equity available in your property to leave as an inheritance or to use for the payment of care fees in later life, if you need to rely on this.

The Process of Equity Release in Hull

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Firstly, it’s good to be aware of all the options, alternatives, advantages and disadvantages of an equity release plan.

We offer all our customers a free appointment in which you can speak to one of our dedicated Later Life Mortgage Advisors who will be able to talk this through with you. Within this appointment, your advisor will explain to you the steps involved, the options available to you as well as the effect taking out a Lifetime Mortgage in Hull could potentially have on state benefits, tax and the leftover equity in your home over time.

Here at Hullmoneyman, we constantly encourage clients to involve family members or to have another trusted individual to support them through the process and be with them at the meetings.

Along with this our advisors are also very happy to work alongside any financial advisors, accountants or solicitors who are a part of your financial planning decisions.

When done correctly, Equity Release in Hull should have zero effect on your tax position or benefits. On the other hand, everyone’s circumstances differ. Therefore, a Later Life Mortgage Advisor in Hull will need to have a clear idea of your circumstances in order to provide the best advice.

With any financial commitment, as a customer, you want to have full trust and share all of our details which is why it’s important to find the right Later Life Mortgage Advisor. We feel this is something that we strive at as a company and is hugely reflective of our customer reviews.

When the appropriate plan has been identified, your dedicated later life Mortgage Advisor in Hull will give you an illustration and written recommendation, entailing what have you told us and why we have recommended you that specific plan.

From this, your later life Mortgage Advisor in Hull will then go through the recommendation with you before submitting an application to the mortgage lender.

Here at Hullmoneyman, we have a team of knowledgeable case managers who work with your later life advisor in Hull to manage the full process until completion. Throughout the process, our team will keep you updated and will be readily available 7 days a week.

We provide all initial advice for free and with absolutely no obligation or pressure to go ahead. Only if you go ahead and your case completed, do we charge you an advice fee.

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Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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