One of the reasons you may need the services of a conveyancer is when you need to organise equity release in Bournemouth. You could be looking to raise funds for any reasons and if you have equity in your property this could be a simple way to do that. Thing is when you type in the search box for this type of service you are instantly inundated with hundreds of results, so which do you choose? Ideally you need to choose a local company in Bournemouth to help if you are based there as this helps with any meetings or appointments you have to attend. Also it can speed up the process too. Here at Conveyancing Squared we have a simple process to help you pick an expert to help you raise funds.
A lot of people are not aware that their property may be the key to raising funds for any purpose, debt relief, holiday, new car or gift to loved ones. As a homeowner you have the flexibility of using your home to get cash. We don’t just offer Conveyancing we can provide you with help and advice when you need equity release in Bournemouth. We have strong relationships with all the major lenders and we can advise on everything and even arrange it too. We have access to the latest schemes and rates so we can quote you for this and include the latest deals. We will make sure at all time you have complete transparency so you understand any fees
Our experienced team can provide the following:
• Free quotes
• No obligation to use
• Quick application form
• Access to latest rates
• A stress free experience
This can be an affordable and flexible way to raise funds for any purpose you need. Whether you’re out to buy property, renovating your home, funding a business venture, funding your children’s education, or any other reason. There are many options for you and the team here can ensure we guide you through the process. You don’t have to move home and there are various ways you pay back the equity such as when you sell the property. These can all be discussed at the initial enquiry stage so you have complete transparency at all times on what’s involved, how it affects your future in your home and any fees, rates and interest, so you know how much you will pay back and the total costs.
We will arrange everything including a full comparison list of all available options and equity release in Bournemouth then advise on the best one that fits your requirements and needs. This means you won’t have to waste time and energy negotiating with various lenders saving your precious time and effort and reducing the stress involved.
Equity Release in Bournemouth
There are 2 main ways to raise some funds from your property, see below for a brief explanation of the two.
Lifetime mortgage: you take out a new mortgage secured on your home as long as it is your main residence, while retaining the ownership. You can choose to secure some of the value of your property as an inheritance for your family if you need to. You then then choose to make repayments or let the interest build up. The loan amount and any interest is paid back when you pass away or when you go into long-term care.
Home reversion: you sell part or all of your home to a home reversion company in exchange for a lump sum or regular payments. You can still continue living in the property until you pass away rent free, but you have to agree to maintain and keep it insured. You can ring-fence a percentage of your property for later use as well, possibly for inheritance to people you care about. At the end of the plan your home is sold and the sale proceeds are shared according to the remaining proportions of ownership. Speak to the team here today and we will answer any questions you may have on equity release in Bournemouth.