Review your plan

Check that your equity release plan still meets your needs

Does your plan still meet your needs?

Once you’ve had your equity release plan for longer than 12 months, your advisor will offer to review your plan to check that it still meets your needs.

It’s important to us that you’re on the right equity release plan for your requirements, which is why there is no charge for the plan review.

You don’t even have to be an Age Partnership customer to claim your free plan review.

Even if now is not the right time to switch, it may be something to consider in the future as rates, plan features and house prices are constantly changing.

During the plan review our team of specialist advisors will discuss your requirements for the future and will look through your current plan to determine:

  • Could you secure a lower rate elsewhere
  • Are there new plan features that would suit your requirements
  • Do you need to access more money from your equity release plan

If switching plans is the right thing for you, they will take care of all of the paperwork, speaking to your lender on your behalf.

Our promise to you

We know that the standard of our service can be the key to empowering you, giving you the freedom to make choices about how you live your life.

That is why we make the following promise to you about the level of service that you will receive from Age Partnership.

Our promise to you...

A few things to think about

Additional fees and early repayment charges will also need to be considered if you wish to switch plans. These costs will be taken into account when deciding if switching plans is suitable for you and the cost will be clearly explained in our recommendation document.

Being able to change your plan will also depend on whether you qualify for the latest plan developments, the changes in the value of your house and the amount outstanding on your equity release plan including interest that has built up.

You may be aware that we provide our initial advice for free and without obligation, providing you with a personalised illustration, which outlines the features and risks involved. Only if your case completes would our advice fee of £1,895 be payable. Other lender and solicitor fees may apply.

Equity Release plan review calculator

Discover how much more money you could access through equity release with our free online plan review calculator. It’s quick and easy to use.

Equity Release Council logo

Member of the Equity Release Council

We are proud to be a member of the Equity Release Council. But what does that mean for you?

Well, because we’re a member of the Council, it means that we adhere to their standards, which protect you in five main ways:

  1. Equity release interest rates must be fixed for life.
  2. You must have the right to remain in your property for life or until you need to move into long⁠-⁠term care.
  3. You have the right to move house, providing the new property meets lender’s criteria.
  4. You will receive a “no⁠-⁠negative equity guarantee”, meaning that your estate will never owe more than your property is worth when it is sold.
  5. You have the right to make penalty free payments, subject to certain limits, if you wish to do so. Early repayment charges may apply above a set value.

Grandparents signing a contract

You’re talking to the people who know.

We will talk you through all your options and explain all the pros and cons of equity release, so that you’re fully informed.

Our service is about finding out if equity release is a good fit for you, and only then will we find the best equity release plan for your individual needs.

Our promise to you...

  • You will be assigned a dedicated advisor who will guide you through the process from start to finish.
  • Equity release will only be recommended if it’s suitable for you.
  • We will search a range of plans from multiple lenders to find the best solution for you.
  • The plan that we recommend to you will be protected by the safeguards of the Equity Release Council.
  • You will receive a bespoke recommendation document to read at your leisure.
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