Should you switch plans?
Average interest rates for equity release plans have dropped in recent years.
This means that you might benefit from swapping your current plan to a more competitive one.
Make sure that you’re getting the most suitable deal available by speaking to our dedicated team – they'll handle the process from start to finish, and make sure you get the most suitable deal for you.
Accessing more money
If you'd like to unlock some extra cash then you might be able to get a further advance, sometimes known as a 'top-up'. This is an additional loan that works in the same way as your original equity release plan.
Speak to our advisory team to find out whether you’re eligible to apply – they'll handle all of the paperwork for you, too.
Things to consider
Our independent, specialist advisers search the whole market to find the right equity release plan for you. They’ll explain all the options available and that taking a plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.
You have to get specialist advice before releasing equity; it’s the only way to do it. The initial consultation is free with no obligation to proceed. If you decide to go ahead with an equity release plan our advice fee, usually 1.99% of the amount released, subject to a minimum of £1,499, is payable only on completion.
With a lifetime mortgage, the most popular form of equity release, you’ll still own your home. As with any kind of mortgage, it’s a loan secured against your home. All equity release plans we recommend have a no negative equity guarantee, which means you’ll never owe more than the value of your home.
Lifetime mortgages typically have no monthly repayments, as the loan plus roll up interest, is repaid when the plan comes to an end.
If you are considering equity release we recommend that you read through is equity release right for you?