Equity release is a way of releasing money from your property without having to sell or move home, either by taking out a type of loan secured against your home or by selling all or part of your home to a home reversion company.
If you own your home and are considering equity release, then Varsity Finance can help explain the whole process from the products available to you as well as any other avenues that can be addressed.
Equity release is a major decision that should take careful consideration which is why you deserve to get the best independent specialist advice before making any decisions.
Once you have discussed your current situation, goals and aspirations with one of our specialist advisers in a no obligation meeting you will have the full knowledge that should you decide to go forward with an equity release product it was the right decision for you.
Varsity Finance at Equity Release Council
Equity Release mortgages are available to those aged over 55yrs and own their own home be it with or without a current mortgage.
If you are considering releasing capital from your home then please contact us in the first instance where we can make an initial assessment and then arrange a meeting at a time and date to suit you.
Yes, you can use an Equity Release Mortgage to purchase a new home be it if you are considering downsizing or moving to a larger home, we can help.
You can release capital from your home tax free and this can be used for all purposes including repaying your existing mortgage, home improvements, traveling and gifting to family such as grandchildren looking to buy their first home, In fact, anything you wish as long as it’s considered legal.
For many home owners, owning a property means that you may have a significant sum tied up in your home, but at the same time, you may find you just don’t have enough income to enjoy the sort of retirement you had planned. Equity release can provide disposable income to allow you to enjoy a more comfortable retirement and maybe even fulfill some of your long-held dreams or ambitions.