It’s easier than you might think to move your equity release plan. And you don’t have to go through your original adviser either.
While an equity release
plan is set to last the rest of your life, that doesn’t mean you can’t improve on the one you’ve already got. Whether you want more money, a lower interest rate or one of the newer features, such as inheritance protection or the opportunity to make partial repayments, it’s easy to get the ball rolling.
What’s more, just because you already have a plan, if you’re interested in getting a new one you may not be tied to your existing lender or previous adviser. Your options are open.
At Key, we’ll give you a free review to check you’re on the right plan. We look at the whole of the market for new plans with low interest rates and new features. So, if you want a better deal we’ll talk to your existing lender, get the details and compare it to all other plans.
’s advisers work hard for you, our customers. We don’t only see if you can borrow more, we’ll also look for the best deal. Whether you want to go elsewhere or stay with the same lender, we’ll always let you know your options and what features you can get. Then we’ll do all the leg work to get you a new plan that delivers what you need.
Plus, anyone aged 55-95 who books and attends an appointment to discuss switching plans between 1 April 2019 and 30 June 2019 will also be entered into our Win £86k prize draw.
So, if you’re looking for a better deal, why delay? Request your free call back here
Or if you’re not ready to chat with us yet, use our free and simple online equity release calculator
to see how much you could release.
What should you consider before taking out equity release?
Our independent, specialist equity release advisers compare products from the whole of the market to find the most suitable equity release plan for you. They’ll discuss all the options available to you and explain that taking an equity release plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.
With a lifetime mortgage, you’ll still own your home. It’s a loan secured against your home and is repaid when you, or the last surviving applicant, pass away or move into long-term care.
Equity release plans we recommend have a no negative equity guarantee, which means you’ll never owe more than the value of your home.
You have to get expert advice before releasing equity; it’s a regulatory requirement. Key’s 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.