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Wednesday 28 July 2021
Wednesday 28 July 2021
Wednesday 28 July 2021
Wednesday 28 July 2021
Entering retirement often brings new opportunities and challenges. If you’re looking for extra cash to fund your dreams, help loved ones, or simply enjoy financial freedom, an equity release mortgage can help you unlock the value tied up in your home without selling or downsizing. At Barrett Mortgages, we specialise in helping clients navigate the complexities of equity release mortgages to achieve their goals with confidence and peace of mind.
What is an Equity Release Mortgage?
Equity release mortgages allow you to access the equity you’ve built in your home while maintaining ownership and continuing to live there.
Main Types of Equity Release Mortgages:
Lifetime Mortgage: Borrow against the value of your home. The loan is repaid when your home is sold or upon your passing.
Home Reversion Plan: Sell a share of your property to a provider for a lump sum or regular income while living rent-free.
Both options come with advantages, such as flexibility in receiving funds (lump sum, income, or line of credit). However, each also has considerations, such as interest accumulation and potential impacts on inheritance.
Why Choose Barrett Mortgages?
Personalised Service
Our expert advisors take the time to understand your needs and guide you through every step of the process.
Impartial Advice
As an independent mortgage broker, we offer unbiased advice and access to the entire equity release market.
Exceptional Customer Care
With over 20 years of industry experience, we’ve earned a reputation as Dorset’s leading mortgage brokerage.
No Upfront Fees
Our services come with no upfront costs, giving you access to expert advice without financial commitment.
No Negative Equity Guarantee
You will never owe more than the value of your home, regardless of market changes.
Understanding Equity Release Mortgages
Equity release mortgages are not suitable for everyone. They may affect entitlement to means-tested benefits and reduce the inheritance you leave for loved ones. That’s why our advisors provide detailed explanations and personalised illustrations, ensuring you fully understand the risks and benefits before proceeding.
How Barrett Mortgages Can Help
Understanding Your Needs: We take the time to learn about your financial situation, retirement goals, and future plans.
Exploring Options: From lifetime mortgages to home reversion plans, we explain the advantages, disadvantages, and costs of each option.
Recommending the Best Product: Based on your needs, we provide tailored recommendations with clear explanations of features and potential downsides.
Supporting You Through the Process: From completing applications to liaising with lenders, we ensure a smooth and hassle-free experience.
Equity Release Mortgage Products We Offer
Types of Products:
Lifetime Mortgages
Drawdown Lifetime Mortgages
Enhanced Lifetime Mortgages
Interest-Only Lifetime Mortgages
Home Reversion Plans
Each product is tailored to meet specific needs, ensuring you find the right fit for your financial situation and goals.
Get in Contact With Barrett Mortgages
Ready to explore equity release mortgages? Unlock the value of your home with confidence and enjoy the financial freedom you deserve.
📞 01202 733809
📧 enquiries@barrettmortgages.com
📍 Visit our offices in Poole, Dorset.
Discover the difference with Barrett Mortgages—trusted, impartial, and dedicated to your success.
Entering retirement often brings new opportunities and challenges. If you’re looking for extra cash to fund your dreams, help loved ones, or simply enjoy financial freedom, an equity release mortgage can help you unlock the value tied up in your home without selling or downsizing. At Barrett Mortgages, we specialise in helping clients navigate the complexities of equity release mortgages to achieve their goals with confidence and peace of mind.
What is an Equity Release Mortgage?
Equity release mortgages allow you to access the equity you’ve built in your home while maintaining ownership and continuing to live there.
Main Types of Equity Release Mortgages:
Lifetime Mortgage: Borrow against the value of your home. The loan is repaid when your home is sold or upon your passing.
Home Reversion Plan: Sell a share of your property to a provider for a lump sum or regular income while living rent-free.
Both options come with advantages, such as flexibility in receiving funds (lump sum, income, or line of credit). However, each also has considerations, such as interest accumulation and potential impacts on inheritance.
Why Choose Barrett Mortgages?
Personalised Service
Our expert advisors take the time to understand your needs and guide you through every step of the process.
Impartial Advice
As an independent mortgage broker, we offer unbiased advice and access to the entire equity release market.
Exceptional Customer Care
With over 20 years of industry experience, we’ve earned a reputation as Dorset’s leading mortgage brokerage.
No Upfront Fees
Our services come with no upfront costs, giving you access to expert advice without financial commitment.
No Negative Equity Guarantee
You will never owe more than the value of your home, regardless of market changes.
Understanding Equity Release Mortgages
Equity release mortgages are not suitable for everyone. They may affect entitlement to means-tested benefits and reduce the inheritance you leave for loved ones. That’s why our advisors provide detailed explanations and personalised illustrations, ensuring you fully understand the risks and benefits before proceeding.
How Barrett Mortgages Can Help
Understanding Your Needs: We take the time to learn about your financial situation, retirement goals, and future plans.
Exploring Options: From lifetime mortgages to home reversion plans, we explain the advantages, disadvantages, and costs of each option.
Recommending the Best Product: Based on your needs, we provide tailored recommendations with clear explanations of features and potential downsides.
Supporting You Through the Process: From completing applications to liaising with lenders, we ensure a smooth and hassle-free experience.
Equity Release Mortgage Products We Offer
Types of Products:
Lifetime Mortgages
Drawdown Lifetime Mortgages
Enhanced Lifetime Mortgages
Interest-Only Lifetime Mortgages
Home Reversion Plans
Each product is tailored to meet specific needs, ensuring you find the right fit for your financial situation and goals.
Get in Contact With Barrett Mortgages
Ready to explore equity release mortgages? Unlock the value of your home with confidence and enjoy the financial freedom you deserve.
📞 01202 733809
📧 enquiries@barrettmortgages.com
📍 Visit our offices in Poole, Dorset.
Discover the difference with Barrett Mortgages—trusted, impartial, and dedicated to your success.
