Switching your equity release plan

We’ll help you decide if switching plans is the right option for you

Why switch equity release plans?

Regular reviews of your equity release plan will help to ensure that the plan still meets your needs.

Are you on the best possible rate?
Are there new plan flexibilities that would better suit your needs?
Has the money that you released allowed you to achieve your goals?

Regardless of who arranged your original equity release loan we will carry out a free plan review to see if switching plans is a good option for you. If it’s not the right time for you to switch, we’ll tell you.

Last year we helped people save an average of £26,000 over the life of their loan, by switching their plan.

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 and any potential early repayment charges that may be applicable.

Use our free plan review calculator or call us free on 0800 4640 235.

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.

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When did you take out your current equity release plan?

Who is the lender of your current equity release plan?

Equity release will involve a home reversion or a lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care. We provide a personalised illustration to explain the full details. The money you release, plus the accrued interest is then repaid when you die or move into long-term care. Advice is required before proceeding with equity release and any existing mortgage must be repaid. We provide initial advice for free and without obligation. Only if your case completes would our advice fee of £1,895 be payable. Other lender and solicitor fees may apply.

Can I access more money?

We know that your plans can change, and the money that you originally released to help you make choices about your lifestyle may not have stretched as far as you first hoped.

It can be possible to release further money from your home using equity release, either by using your pre⁠-⁠agreed reserve facility or, if you didn’t have one of those, through a further advance.

It won’t be an option for everyone, but we would be happy to review your plan and find out if it’s an option for you.

Review my plan

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.

Life gets better with Age: We’re proud to support our customers

Each year we help over 600,000 people explore the option of equity release.

First class service

We have won numerous awards for the quality of our service. But it’s the feedback that we receive from our customers that means the world to us.

A proud 20 years

We are proud to have been providing retirement finance advice to our customers for over 20 years.

Happy customers first

Thanks to our fantastic customers and colleagues, we have been ranked ’gold’ for customer experience, based on an independent assessment by Investor in Customers.