SYH Charterhouse was formed by Michael Holt, Managing Director of our sister company, Charterhouse Standard Holdings.
The original Charterhouse Equity Release product was created as a solution to the particular situation of a customer who urgently needed to sell his home in order to provide a special level of care for his wife. An elderly man himself, he was concerned about what would happen to him if he sold his house in the usual way.
Because Charterhouse had years of property expertise, they were able to look at the situation from a different viewpoint from the normal financial services route and offer a tailored Equity Release solution. News of the new alternative to Equity Release that Charterhouse created spread through word of mouth, as other people needing to access money from their property found that it was right for them too. So, prior to regulation, we created an independent Home Reversion company specifically designed to handle the increasing number of related enquiries.
The resulting product appealed to younger applicants as well as the traditional equity release age bracket of 60-65 plus, therefore offering options for those approaching retirement as well as those already retired. From there we developed the Equity Release Plans we now offer, and, following the new regulation, the company became authorised and regulated by the Financial Services Authority.
We re-branded as SYH Charterhouse in September 2007 and are now FSA-authorised and fully qualified Equity Release Specialists, offering a wide range of Equity Release plans including Home Reversions, Lifetime Mortgages, and Partial Release. Our expert team can advise on the full suite of Equity Release products available to us, offering you access to a number of Equity Release solutions without having to be Equity Release experts yourself!
Service clients you currently have to turn away and generate a significant additional income!
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We are currently making some changes to our release calculators following changes to the plan criteria. Please contact the Intermediary Team on 08442 250 255 to discuss how much you can release for your clients.