Are you stuck on an old equity release plan?
You could switch and save tens of thousands of pounds
Many people with existing equity release plans aren’t aware that they could potentially switch over to a new, better deal if they’ve had it for 12 months or more. That could mean saving yourself tens of thousands of pounds in accrued interest over the course of the plan when compared to your existing deal if we’re able to secure you a better interest rate.
Anyone with an existing plan should consider booking a free review and potentially take advantage of switching to a new deal.
Protect your hard-earned money
Historically some rates seen in the market were higher than those that we see today. This means there will be people who have taken out plans previously who stand to save a significant amount of money in accrued interest if switching turns out to be right for them. There are almost 600 different equity release plans on offer, with a wider range of flexible options which may not have been available previously. It could be worthwhile getting a no-obligation review of your existing deal to see if you would be better off switching your plan.
It's important to note that equity release may involve a home reversion or a lifetime mortgage, which is secured against your property. To fully understand the features and risks, please ask for a personalised illustration. Equity release requires paying off any existing mortgage and any money released, plus accrued interest would be repaid upon death or moving into long-term care.
Let us do the hard work for you
Regardless of who you originally took your plan out with, we can offer you a free, no-obligation review of your existing plan through our Mail Finance Equity Release Service.
We can give you access to a team of fully qualified equity release advisers who will compare the whole of the market to see whether your current plan is still the best option for you or if you could save money by switching.
You will be provided initial advice for free and without obligation. Only if you choose to proceed and your case completes would a fee of £1,995 be payable.
Plus, according to Nationwide, average UK house prices have risen by nearly 26 per cent in the past three years alone, meaning that if you needed to access more, you could release further cash from your home. Call us free today to find out more on 0808 258 3690.