Release Equity From Your Home
Are you looking to release equity from your home? Well, we can provide you with a mortgage that can do this. Our equity release specialists will look at a number of lenders from across the market and compare products to ensure you have the best product to suit your individual needs. They will assist with all aspects of the process, from enquiry to completion, dealing with solicitors, surveyors and any other 3rd party, to ensure the transaction is smooth and hassle-free. These mortgages are only suitable for homeowners aged 55 and over. These mortgages can be used to pay off an existing mortgage, improve your home or buy gifts for your family. Whatever you need the extra funds for we will be able to help you. There are certain aspects of borrowing on an equity release mortgage that requires careful consideration, this could be the added interest to your loan and hefty early repayment charges, should you wish to clear the debt early.
Many people ask what is an equity release? If you don’t know then it is an opportunity for older people (55 and over) to get a percentage of the value of their home in cash. The amount you can get will depend on the value of the property and your age. The money is all tax-free so you don’t have to worry about a portion of the cash being taken away from you. There are two types of release mortgages you can get, these are lifetime mortgage and the home reversion scheme. The lifetime mortgage will allow you to continue to be the owner of the property, with a loan that is given using the house as security. Then the home reversion scheme is where you sell a part of your home or all of your property for lower than its market value and you can stay there as a tenant rather than an owner. Barrett Mortgage does not advise on the home reversion schemes.

More About Release Equity From Your Home
If you want to learn more about this, you can talk to our team and find out more about how it all works and what would be best for you. Barrett Mortgages is a professional finance broker and can provide you with all kinds of mortgages and not just equity releases. We were founded by Darren Barrett in 2009, during some of the hardest market conditions the industry has seen. The unparalleled, clear, trustworthy, honest and upfront service offered by us has meant our business has thrived during these times when clients have needed more individual and specialist help. All staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy hard sales tactics and have built a strong reputation which is important as we rely heavily on referrals from clients.
If you are interested in the services we can provide you with, please make sure you get in contact with our friendly team who will give you all of the information and guidance you need. Want to know what our past clients have thought about our service? Take a look at our Google Reviews.