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Tuesday 26 October 2021
Tuesday 26 October 2021
Tuesday 26 October 2021
Tuesday 26 October 2021
Are you considering an equity release mortgage to access the value tied up in your home? At Barrett Mortgages, our experienced specialists are here to guide you through the process, comparing products from a range of lenders to ensure you get the best solution for your unique needs.
What is an Equity Release Mortgage?
Equity release mortgages are designed for homeowners aged 55 and over, allowing you to unlock tax-free cash from your property. This money can be used for:
Paying off an existing mortgage.
Funding home improvements.
Gifting money to family.
Other personal needs.
Types of Equity Release:
Lifetime Mortgage:
You remain the owner of your property.
A loan is secured against your home, with no need for monthly repayments unless you choose to.
The loan and any accrued interest are repaid when you pass away or move into long-term care.
Home Reversion Scheme:
You sell a portion of your home below market value and continue living in it as a tenant.
While this option exists, we generally do not recommend it due to its complexities and potential downsides.
Why Choose Barrett Mortgages?
Established in 2009 by Darren Barrett, our company has built a reputation for delivering clear, trustworthy, and honest advice. With over a decade of experience, we’ve helped many clients navigate difficult financial markets.
What We Offer:
Professional Guidance: From enquiry to completion, we handle every aspect, including liaising with solicitors and surveyors.
Expertise: Our team is fully qualified and experienced.
Customer Focus: No pushy sales tactics—our focus is on what’s best for you.
Reputation: We thrive on referrals, a testament to our quality service.
How Equity Release Works
Equity release allows you to stay in your home until the last living borrower passes away or moves into long-term care. However, if you plan to sell your home soon, this may not be the right choice. The process can take 8–12 weeks, depending on the lender and product.
Is Equity Release Right for You?
If you’re unsure, our advisors can help you:
Understand the benefits and limitations.
Determine if equity release aligns with your financial goals.
Choose the best product for your needs.
Contact Us Today
Interested in learning more about equity release mortgages in Bournemouth? Get in touch with Barrett Mortgages to discuss your options and find out how we can assist you.
Phone: 01202 733809
Email: enquiries@barrettmortgages.com
Visit: Our office in Poole, Dorset.
Let us help you unlock the value of your home with confidence and ease.
Are you considering an equity release mortgage to access the value tied up in your home? At Barrett Mortgages, our experienced specialists are here to guide you through the process, comparing products from a range of lenders to ensure you get the best solution for your unique needs.
What is an Equity Release Mortgage?
Equity release mortgages are designed for homeowners aged 55 and over, allowing you to unlock tax-free cash from your property. This money can be used for:
Paying off an existing mortgage.
Funding home improvements.
Gifting money to family.
Other personal needs.
Types of Equity Release:
Lifetime Mortgage:
You remain the owner of your property.
A loan is secured against your home, with no need for monthly repayments unless you choose to.
The loan and any accrued interest are repaid when you pass away or move into long-term care.
Home Reversion Scheme:
You sell a portion of your home below market value and continue living in it as a tenant.
While this option exists, we generally do not recommend it due to its complexities and potential downsides.
Why Choose Barrett Mortgages?
Established in 2009 by Darren Barrett, our company has built a reputation for delivering clear, trustworthy, and honest advice. With over a decade of experience, we’ve helped many clients navigate difficult financial markets.
What We Offer:
Professional Guidance: From enquiry to completion, we handle every aspect, including liaising with solicitors and surveyors.
Expertise: Our team is fully qualified and experienced.
Customer Focus: No pushy sales tactics—our focus is on what’s best for you.
Reputation: We thrive on referrals, a testament to our quality service.
How Equity Release Works
Equity release allows you to stay in your home until the last living borrower passes away or moves into long-term care. However, if you plan to sell your home soon, this may not be the right choice. The process can take 8–12 weeks, depending on the lender and product.
Is Equity Release Right for You?
If you’re unsure, our advisors can help you:
Understand the benefits and limitations.
Determine if equity release aligns with your financial goals.
Choose the best product for your needs.
Contact Us Today
Interested in learning more about equity release mortgages in Bournemouth? Get in touch with Barrett Mortgages to discuss your options and find out how we can assist you.
Phone: 01202 733809
Email: enquiries@barrettmortgages.com
Visit: Our office in Poole, Dorset.
Let us help you unlock the value of your home with confidence and ease.
