![]() If you get the independent legal advice you need, they will likely tell you that taking an equity release mortgage will require you to pay off all existing charges on your home as later life products let you raise money with a 1st charge. Can I raise cash to pay an outstanding loan or loans secured on my home? It could be the key to financial freedom and your long-term financial planning. Yes, an HSBC retirement interest only mortgage can have a very low overall cost. Does HSBC offer retirement interest only mortgages as well as a regular mortgage product? Yes, you can sell your existing house and buy a smaller home, subject to a valuation on the new property. Does an HSBC lifetime mortgage have downsizing protection? Yes, their equity release calculator will help you determine how much lump sum and cash reserve you can access, which can increase if property prices rise. Does HSBC have an equity release calculator? Yes, you can make optional repayments at any time with HSBC drawdown lifetime mortgage products. Can I pay interest with the types of equity release offered by HSBC? It is one of the two equity release options you should consider depending on your financial circumstances. No, anyone can apply for an HSBC lifetime mortgage. Are HSBC lifetime mortgages for aged 55 or over existing customers only? You can learn more about Fees and Costs Of Equity Release by visiting the dedicated page. The interest on the money released is added to the loan and paid back when you die or go into long term care. HSBC equity release schemes have a free valuation and no lender fees, no broker fees or equity release advice fees, no product fees and no completion fees. Yes, an HSBC interest only lifetime mortgage has no solicitors fees and is ideal for home improvements. Can you use an HSBC Interest only lifetime mortgage for home improvements? A personalised illustration will give you a more comprehensive insight into costs. No, the HSBC equity release product has a free main residence valuation. Do HSBC equity release mortgages have a valuation fee to pay? You don’t need an independent financial adviser, either. No, HSBC equity release has no early repayment charges when you release tax free cash. Does an HSBC equity release lifetime mortgage have an early repayment charge? No, the HSBC equity release loan has no monthly payments, strict lending criteria, specialist equity release adviser fees, and low-interest rates. Are there monthly repayments with an HSBC equity release mortgage? Yes, HSBC retirement mortgages have no arrangement fees and a free valuation. Yes, HSBC pensioner mortgages are ideal if you can afford the regular payments. Yes, an HSBC lifetime mortgage is based on the full market value of your own home. Yes, the HSBC equity release product has a high tax-free lump sum. This means peace of mind when it comes to planning for retirement – something everyone deserves! Please Enter Your Requirements Below: If anything changes with your circumstances (for example, if your health deteriorates), we will review your situation free of charge and make sure everything is still working for both parties. We also have no early repayment charges, so if you need the money back before then, any penalties won’t be involved. It’s entirely up to you!įor those searching for an HSBC equity release product, we offer competitive rates that are guaranteed not to change with the weather. ![]() You can use this money on whatever you want, whether paying off debts or taking a fantastic holiday. Would you like a better lifestyle, change your car or have a well-deserved holiday?Īre you 55 or over and looking to release some of the equity in your home?Įquity release is great for retirees or those over 55 to unlock money from their homes without moving. ![]()
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