Daily Mail

Feel like you’re stuck in an old equity release plan?

You could save tens of thousands of pounds by switching now

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Once you’ve had your plan for longer than 12 months, you are entitled to a free review to find out if switching to a plan with a lower interest rate could be an option for you.

Book your free review today

An equity release adviser will look at the full details of your existing lifetime mortgage and identify if you will qualify for the latest plan developmen­ts and rates, as well as considerin­g the amount outstandin­g on your equity release plan, including any accrued interest, and if there are any early repayment charges applicable.

It's important to know that a lifetime mortgage is secured against your home. To understand all of the features and risks involved, please ask for your personalis­ed illustrati­on.

Any money you release, plus the accrued interest, would be repaid upon death or moving into long-term care. Only if your case completes would a typical fee of £1,995 be payable, so you don't need to worry about any upfront costs.

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