If you have an existing equity release plan, we could review your plan to find better features and save you money.
Equity release plans, as we know them today, have been around for the last 15 years. And, of course, things have changed. Interest rates could be lower than when you took your plan out, the amount you could release could be greater, and plans nowadays offer you more features.
ⓘ This is a lifetime commitment - read the things to consider before you go ahead
Potentially save thousands
Equity release reviews are an essential part of financial planning.
If you have an existing equity release plan, one of our independent equity release advisers will search the whole market, ensuring they consider all elements of your existing policy, to find the most suitable plan for your requirements. If they can't find a better suited plan than your existing policy, they'll tell you.
They’ll advise you on both re-mortgage and further advance options. For example, moving to another provider who offers a lower interest rate or releasing further funds from your existing provider.
Even when your plan has early repayment charges that will need to be paid, you could be better off switching to a plan that offers a lower interest rate rather than staying with your existing provider. If we don't think switching will benefit you, we'll tell you.
Equity release may involve a lifetime mortgage, a loan secured against your home which is subject to compound interest. Meaning the amount you owe can grow quickly
Equity release will reduce your financial options in the future
The loan, plus compound interest, is typically repaid through the sale of the property when the last remaining applicant passes away or moves into long-term care
Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits