Already have an existing equity release plan?
Did you know that once you have had your existing equity release plan for 12 months you can look into changing it to see if you could access a better deal that wasn’t previously available to you?
We can review your existing plan whether you took it out through Age Partnership or not, for free and with no–obligation to proceed – simply call us on Freephone 08080 555 222 today.
It may be that your current plan is still the best option for you and we will only recommend you change it, if it’s right for you.
Lifetime Mortgage interest rates from leading lenders such as Aviva and LV= are currently low which could save you thousands of pounds over the course of the plan in interest compared to your current plan.
Plus, average UK house prices have risen1 meaning that you could release more cash from your home if you wish.
The Age Partnership team keep a close eye on the latest products added to the market, and lenders’ changing deals, and can help you make the most of any improved plans.
If changing your plan is the best option for you, we’ll endeavour to make the process as quick and easy as possible, doing all the hard work for you.
Things to consider
As a valued Age Partnership customer we would like to provide you with a free, no-obligation equity release plan review to discuss the following, as being able to change your plan will depend upon whether you qualify for the latest plan developments, the amount outstanding on your equity release plan including interest that has accrued, any potential repayment charges that may be applicable and any impact on the size of your estate and if your entitlement to current and future means-tested benefits could be affected.
Equity release may involve a lifetime mortgage which is secured against your property. To understand the features and risks, ask for a personalised illustration.
Plans from the whole of the market will be considered, the features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide you with an enhanced amount. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of 2.25% of the amount released be payable (minimum £1,695).
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1 Nationwide house prices 2019.