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You can do equity release more than once, this can be done via a further advance on your existing plan, or switching to a new plan. You could release further funds as long as you haven’t released the maximum amount from your home already, or if your home's value has increased since you last took out equity release. There could be benefits in doing so, and we will make sure you’re aware of all your options.
The decision to switch plans does call for careful thought, as you’d expect. But The Equity Release Experts can help you discover the options that are available to you. And, by getting to know you and your circumstances, we can be sure if recommending a new equity release plan could be right for you. You might find that deciding to switch plans could help you:
When you take out an equity release plan, it’s likely that your interest rate is fixed for life. While that certainty can be a benefit for many, it’s actually a disadvantage if rates start to drop.
You may find that switching equity release plans could help unlock even more equity from your home. Has your home gone up in value since your original plan started? Even just being older could let you unlock more funds.
For all our customers, equity release is an important part of financial planning for later life. We want to make sure that everyone can take advantage of the products that are right for them.
If you already have a plan, you can get in touch with us at The Equity Release Experts and one of our impartial expert team will search the whole of market to help find an equity release plan most suitable to you. We’ll be able to look at your current plan and what other options could offer. And, from that, we’ll be able to make a recommendation on the right course of action for you. Any early repayment charges will be taken into consideration.
We can tell you if it could be right for you to switch plans. We’ll also offer support regarding further advances. This could mean exploring the possibility of releasing additional funds from your current provider.
Contact us on 0800 188 4812 or request a callback with one of our team.
Your specialist equity release adviser will explain:
Your equity release adviser will also outline the following important things to think about:
It’s easy to think your current equity release plan is as good as it’ll get. But that’s not always the case – and we can show you how. From getting a better interest rate to releasing more tax-free funds, you can trust us to offer fully independent advice on the equity release plan that is suitable for you.
We’ll consider all the current features and elements of your current plan to see if the decision to switch plans is a smart one.
You can call us on 0800 188 4812 or request a callback to find out more.
See if you could release more cash with your current plan or if switching to a different plan may suit your needs better, although you would need to consider any early repayment charges applicable to your plan. Your adviser will look at any early repayment charges you need to consider.
Unless you decide to go ahead with a plan, our service is completely free of charge, as our fixed equity release advice fee of £1,799 is only payable on completion of a plan.