Specialist packager White Label Money has partnered with SYH Charterhouse to launch an online campaign, to provide home reversion options for introducers and their clients.
SYH Charterhouse Home Reversions are an alternative for clients aged 50 plus who have been refused finance, or are facing the possibility of losing their home.
Jaxon Stevens, sales director of WLM, says: “Home Reversion plans are another option for homeowners to release a lump sum from their property but without concerns over future house prices. Home Reversion is particularly suitable for clients who love their homes and want to remain there for the rest of their lives. We see this as a real alternative and look forward to offering these plans to our introducers through our partnership with SYH.”
Michael Holt, managing director of SYH Charterhouse,says: “We are delighted to be working with White Label Money to make our home reversion products available to introducers and their clients. The SYH plans are a real alternative to a number of less affordable mortgage products currently on the market for the over 50s, thus allowing brokers to service clients they currently have to turn away.
“In the current mortgage climate we are seeing increased interest in equity release as an additional income stream for brokers and urge them not to miss out on this opportunity. Whereas lifetime mortgages have traditionally been viewed as the main form of equity release, as a result of significant changes in both the mortgage industry and the property market, home reversion is becoming a more appealing equity release option.”