Times have changed, so has Equity Release
Could you be getting a better deal?
If you’ve never reviewed your existing Equity Release plan you could be missing out on a better deal.
Equity Release plans, as we know them today, have been around for the last 15 years. And of course things have changed; todays fixed interest rates are much lower, the amount available to borrow is now much greater and the new plans offer you far more flexibility.
- Less to pay, more to gain
- Reduce your interest rates (see the table below)
- Reduce your final balance
- Borrow further funds
- Enable higher future loans
- Increase your family’s inheritance
- Greater flexibility
- Drawdown facilities allow you to release money over time
- Interest only options reduce the end balance due
- Improved terms and conditions
Your FREE Equity Review Service
Equity Reviews are an essential part of our financial planning. If you have an existing scheme, your expert Independent Advisor will carry out a free review to make sure you are getting the best scheme available. They will advise you on ways to improve, such as re-mortgaging to another provider for lower interest rates and other benefits.
Early repayment charges vs lower interest.
Even when your plan has early repayment charges you’re often better off switching schemes and reducing interest than staying put (see the table below).
Potential savings to your estate based on a £70,000 loan:
||Lifetime mortgage interest rate
||Total amount owing after:5 years
||Save by switching:
Get the best independent advice
Our specialists will advise you on all the ins and outs so that you know you are getting the very best deal. Get in touch with us on 0800 612 6755.