Equity Release Southampton (Oct 2021)
Are You Looking For the Best Equity Release Schemes in Southampton?
Equity Release Plans in Southampton Reviewed By Experts. You Won't Believe What We Found When Reviewing These Southampton Plans…
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Equity Release Plans in Southampton Reviewed
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release in Southampton with all the choices available.
Or is it?
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
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Why Should You Compare Quotes in Southampton?
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Southampton Equity Release
Southampton1 is a port city on England’s south coast. It’s home to the SeaCity Museum, with an interactive model of the Titanic, which departed from Southampton in 1912. Nearby, Southampton City Art Gallery specialises in modern British art. Solent Sky Museum features vintage aircraft like the iconic Spitfire. Tudor House & Garden displays artifacts covering over 800 years of history, including a penny-farthing bike.
Southampton is a coastal city found in Hampshire, England. It is one of the oldest cities in Hampshire and boasts spectacular views of the water, countryside, and coastline. Southampton’s proximity to London makes it appealing for many people who work there or want to visit.
The town was founded by an Anglo-Saxon lord around 700 AD and has been inhabited ever since. Southampton’s population fluctuates between 200,000 and 225,000 people depending on where you are looking. It is divided into two halves: East and West Hamptons. It was an important port for centuries due to its location on the English Channel. It’s also known as “The Gateway to the Solent.”
The area has a rich and diverse history that includes a Roman settlement, Saxon invasion, and Viking settlement. In addition to this geographical feature, Southampton also has strong ties with other areas of England through commerce and trade routes. The modern-day city has always been a port town with many visitors coming from all over Europe. Today there are many different attractions for tourists in Southampton, such as Bargate Shopping Centre, WestQuay Shopping Centre, SeaCity Museum, Tudor House Museum & Gardens, Mayflower Steps, Red Funnel Ferry Terminal at Town Quay East and Tudor Wharf, which offers ferry services to Portsmouth Harbour via Langstone Harbour.
Equity Release FAQs
How does equity release work in Southampton?
Equity release in Southampton is, in a nutshell, a mode of unlocking the value of your property in Southampton and turning it into a lump sum.
You can do this via several policies which allow you to access – or ‘unlock’ – the equity attached up in your residence if you are over 55.
Can I get equity release in Southampton?
Qualifying for equity release in Southampton is contingent on the maturity of the youngest person on the title deed & also your Southampton property criteria.
To qualify, you need to be at least 55, own your home worth at least £70 000 (or have it on a freehold basis) & in good condition.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – we are offering to get you the best quote for equity release from the best equity release companies.
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Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
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HOW MUCH EQUITY CAN YOU RELEASE?
Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.