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Wednesday 26 October 2022
Wednesday 26 October 2022
Wednesday 26 October 2022
Wednesday 26 October 2022
Equity release allows homeowners to access funds tied up in their property without having to sell their home. It is particularly useful for retirees or those over 55 who want to fund home improvements, pay off debts, or cover other expenses while staying in their home.
Benefits of an Equity Release Mortgage
No Monthly Payments: The loan is repaid when you pass away or move into long-term care.
Use Funds Freely: Pay for home repairs, medical expenses, or enjoy additional living expenses.
Flexible Terms: Borrow over an extended period, allowing more control over your finances.
How Does Equity Release Work?
There are two main types of equity release products:
Lifetime Mortgages: A loan secured against your home, repaid when you pass away or move into long-term care.
Home Reversion Plans: Selling a share of your home to an equity release provider while retaining the right to live there (not advised by Barrett Mortgages).
Our experienced advisors at Barrett Mortgages will guide you through the options and find the best solution tailored to your needs.
Eligibility and Risks
Eligibility
Must be aged 55 or over.
Own your home outright or have a small remaining mortgage.
Risks
Reduced inheritance for beneficiaries as the loan is repaid from the estate.
Potential impact on entitlement to means-tested benefits.
Why Choose Barrett Mortgages?
Tailored Advice: Solutions designed for your specific needs.
Experienced Team: Guidance through every step of the process.
Trustworthy Service: Transparent, no-pressure advice.
Contact Us for Equity Release Advice in Poole
Get in touch with Barrett Mortgages today to explore how equity release can work for you:
Phone: 01202 733809
Email: enquiries@barrettmortgages.com
Visit Us: Parkstone Road, Poole, Dorset
Check our Google Reviews to see why clients trust us!
Equity release allows homeowners to access funds tied up in their property without having to sell their home. It is particularly useful for retirees or those over 55 who want to fund home improvements, pay off debts, or cover other expenses while staying in their home.
Benefits of an Equity Release Mortgage
No Monthly Payments: The loan is repaid when you pass away or move into long-term care.
Use Funds Freely: Pay for home repairs, medical expenses, or enjoy additional living expenses.
Flexible Terms: Borrow over an extended period, allowing more control over your finances.
How Does Equity Release Work?
There are two main types of equity release products:
Lifetime Mortgages: A loan secured against your home, repaid when you pass away or move into long-term care.
Home Reversion Plans: Selling a share of your home to an equity release provider while retaining the right to live there (not advised by Barrett Mortgages).
Our experienced advisors at Barrett Mortgages will guide you through the options and find the best solution tailored to your needs.
Eligibility and Risks
Eligibility
Must be aged 55 or over.
Own your home outright or have a small remaining mortgage.
Risks
Reduced inheritance for beneficiaries as the loan is repaid from the estate.
Potential impact on entitlement to means-tested benefits.
Why Choose Barrett Mortgages?
Tailored Advice: Solutions designed for your specific needs.
Experienced Team: Guidance through every step of the process.
Trustworthy Service: Transparent, no-pressure advice.
Contact Us for Equity Release Advice in Poole
Get in touch with Barrett Mortgages today to explore how equity release can work for you:
Phone: 01202 733809
Email: enquiries@barrettmortgages.com
Visit Us: Parkstone Road, Poole, Dorset
Check our Google Reviews to see why clients trust us!
