Review your current equity release plan
Revisiting your existing contract is an essential part of continual retirement planning.
Lifetime Mortgage products have evolved significantly and historically many of the original plans had high interest rates, and lower loan to values meaning smaller loans, were relatively inflexible, and were sold based on the policy being a loan for life to be repaid on death or long term care disablement.
By opting for our FREE review service you could:
lower your existing interest rate, reducing the final outstanding balance of your loan,
obtain a higher loan to value available, enabling you to borrow further funds,
have access to greater flexibility such as a drawdown facility,
receive improved terms and conditions,
gain a ‘No Negative Equity Guarantee’.
By re-mortgaging to a more competitive Lifetime Mortgage you could considerably reduce the amount of interest that accumulates in the future. Even if your plan has early repayment charges changing to a provider with a lower interest rate could prove beneficial.
Contact us to help you explore the options and understand the advantages and disadvantages of a Lifetime mortgage.
IMPORTANT
Lifetime Mortgages may affect your entitlement to state benefits and will reduce the value of your estate. Think carefully before securing other debts against your home. To understand the features and risks, ask for a personalised illustration.
