To find out whether you could benefit from swapping plans or need a top-up call us on FREEPHONE (UK) 0808 208 4015 and ask to speak to an adviser.

Review your existing plan

Swap your equity release plan

Over the past few years lifetime mortgages have become highly popular which has encouraged more providers to enter the equity release market. This has produced some fierce competition which has pushed interest rates on lifetime mortgages down. You should never underestimate the effect an increase or decrease of just 1% can have on your equity release plan.

So if you released cash from your home with an equity release plan over 5 years ago, now could be the time to take advantage of these rates.

Change to a more competitive equity release plan

By swapping to a more competitive equity release plan, you could considerably reduce the amount of interest that accumulates in the future. The table below illustrates the difference in the highest lifetime mortgage interest rate from 2003 compared to the lowest interest rate available in 2009.

£50,000 borrowed	Lifetime Mortgage interest rate	Total amount owing after
		5 years	10 years	15 years
2003	7.28%	£71,050	£100,962	£143,467
2009	6.25%	£67,704	£91,677	£124,138
Save by switching		£3,346	£9,285	£19,329

Even if your plan has early repayment charges, changing to an equity release plan with a lower interest rate could prove more beneficial than sticking with your current plan. We can find out whether it would be wise for you to switch your lifetime mortgage by comparing interest on your old plan against interest on a new plan, plus early repayment and all associated costs or fees for moving to the new plan.

Apply for a top up

If it's been 5 years or more since you completed an equity release plan you could be eligible to apply for a top up to boost your income again. One of our independent advisers will be able to tell you whether you could top up and will handle all of the paperwork and application on your behalf.

If you swap plans our dedicated customer services team will take the hassle out of the transaction by looking after it for you from start to finish to make sure everything goes ahead smoothly. We'll also talk to your provider and solicitor to try to speed things along so that you receive your cash as soon as possible.

There's nothing to lose by getting us to review your existing plan, even if it's just to get peace of mind that you do have the best plan for you!

This is an equity release plan. To understand the features and risks ask for a personalised illustration.