Do you have an existing equity release plan?

You could save thousands of pounds

The equity release market has grown substantially, with the number of plans now standing at 698, compared to 383 plans in 2019. If you have an existing lifetime mortgage that’s more than a year old, then you could review your plan to see if you could access a better plan than was previously available to you.

Current market conditions

Lifetime mortgage interest rates from leading lenders are currently some of the lowest we’ve seen, which could save you thousands of pounds over the course of the plan in interest compared to your current plan.

Plus, Nationwide have reported average UK house prices have risen by 13 per cent in the last three years alone meaning that you could release more money from your home.

Get advice

Changing your existing equity release plan isn’t right for everyone and it’s important that you understand what it could mean for you. Independent brokers can provide you with a free plan review quotation with no obligation to proceed.

Being able to change your plan will depend upon whether you qualify for the latest plan developments, any changes in the value of your house, the amount outstanding on your equity release plan, including interest that has accrued, and any potential early repayment charges that may be applicable.

Your advisor will explain the effect on the amount of inheritance you can leave or if your entitlement to means-tested benefits could be affected now or in the future.

Equity release may involve a lifetime mortgage which is secured against your property. To understand the features and risks, ask for a personalised illustration.

Equity released, plus accrued interest, is repaid upon death or moving into long-term care.

We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £1,795 be payable.