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Thursday 18 November 2021
Thursday 18 November 2021
Thursday 18 November 2021
Thursday 18 November 2021
Are you considering releasing equity from your home? At Barrett Mortgages, our specialists are here to help you find the perfect mortgage solution to suit your needs. We work with a range of lenders across the market to provide tailored advice and ensure a smooth, hassle-free process from enquiry to completion.
What is Equity Release?
Equity release allows homeowners aged 55 and over to unlock a percentage of their home’s value in cash. The amount you can release depends on your property’s value and your age. Best of all, the money is tax-free and can be used for various purposes, such as:
Paying off an existing mortgage.
Funding home improvements.
Gifting to family members.
Types of Equity Release
Lifetime Mortgage:
Retain ownership of your home.
Use the house as security for a loan.
Repay the loan and accrued interest when the property is sold (e.g., upon death or moving into long-term care).
Home Reversion Scheme:
Sell part or all of your home below market value.
Remain in the property as a tenant rather than an owner.
Note: Barrett Mortgages does not advise on home reversion schemes.
Things to Consider
While equity release can provide financial freedom, it’s essential to weigh the potential drawbacks, including:
Interest Accumulation: Lifetime mortgages accrue interest over time.
Early Repayment Charges: Clearing the loan early may result in hefty fees.
Our team will provide clear advice to help you make an informed decision, ensuring you understand all aspects of the process.
Why Choose Barrett Mortgages?
Founded by Darren Barrett in 2009, Barrett Mortgages has built a reputation for offering clear, trustworthy, and honest advice. Our team:
Specialist Expertise: Fully qualified and experienced advisors dedicated to your financial needs.
Client-Centric Service: No pushy sales tactics—just personalised guidance.
Strong Reputation: Trusted by clients, with a high referral rate and glowing reviews.
Contact Us Today
If you’re interested in learning more about equity release or any of our other mortgage services, get in touch with our friendly team. We’ll provide all the information and support you need to make the best decision for your future.
See what our past clients have to say—check out our Google Reviews and contact us today!
Are you considering releasing equity from your home? At Barrett Mortgages, our specialists are here to help you find the perfect mortgage solution to suit your needs. We work with a range of lenders across the market to provide tailored advice and ensure a smooth, hassle-free process from enquiry to completion.
What is Equity Release?
Equity release allows homeowners aged 55 and over to unlock a percentage of their home’s value in cash. The amount you can release depends on your property’s value and your age. Best of all, the money is tax-free and can be used for various purposes, such as:
Paying off an existing mortgage.
Funding home improvements.
Gifting to family members.
Types of Equity Release
Lifetime Mortgage:
Retain ownership of your home.
Use the house as security for a loan.
Repay the loan and accrued interest when the property is sold (e.g., upon death or moving into long-term care).
Home Reversion Scheme:
Sell part or all of your home below market value.
Remain in the property as a tenant rather than an owner.
Note: Barrett Mortgages does not advise on home reversion schemes.
Things to Consider
While equity release can provide financial freedom, it’s essential to weigh the potential drawbacks, including:
Interest Accumulation: Lifetime mortgages accrue interest over time.
Early Repayment Charges: Clearing the loan early may result in hefty fees.
Our team will provide clear advice to help you make an informed decision, ensuring you understand all aspects of the process.
Why Choose Barrett Mortgages?
Founded by Darren Barrett in 2009, Barrett Mortgages has built a reputation for offering clear, trustworthy, and honest advice. Our team:
Specialist Expertise: Fully qualified and experienced advisors dedicated to your financial needs.
Client-Centric Service: No pushy sales tactics—just personalised guidance.
Strong Reputation: Trusted by clients, with a high referral rate and glowing reviews.
Contact Us Today
If you’re interested in learning more about equity release or any of our other mortgage services, get in touch with our friendly team. We’ll provide all the information and support you need to make the best decision for your future.
See what our past clients have to say—check out our Google Reviews and contact us today!
