Possibilities of Switching Equity Release Plan
If you have already taken out an equity release and you’d still like to save and make more money, you can switch plans or release more equity. The interest rates have displayed some stability recently, as they make newer financial products available through time. It would help if you continued exploring the markets for better deals, which can save you more money.
Here's the deal:
For individuals that have already entered an active equity release plan, the common concern remains whether they can still switch from one release plan to another without a cumbersome process.
Equity release loans are no longer one-off transactions anymore. Thus, if you’re an older equity release customer, you must recognise the fact that you reserve the right to switch your current equity release plan if you find a more viable strategy for you.
Switching Your Equity Release
You can and must switch to a more convenient equity release plan.
In case you might be wondering why...
You may come across a better equity release rate that makes it easy for you to operate and you can take advantage of more current interest rates which will give you access to a higher value of the equity accumulated in your property. You will also gain access to a broader variety of features from other plans.
Why You Need
a Better Deal
Perhaps you have already signed and committed to an equity release plan. After some time, you may discover that the average rates for interest regarding equity release plans have declined over the years, and your current scheme becomes less competitive.
Switching your equity release plan might save you a good fortune. You may profit from changing your current plan to a more competitive one.
of Modern Features
Different equity release plans provide you with different varieties of features, which you’ll select according to your circumstances and preferences to the best of your advantage. The features might include qualities like protection of your inheritance or security on downsizing, which may not be present in your current plan. If not, you can switch equity release plans to access some better benefits.
To add to that...
Also, you might be eligible to get an enhanced equity release plan, particularly if you have underlying health issues, and you need to access more finances at considerable rates.
The equity release experts at SovereignBoss are the providers of your advice. As your advisers, they perform a search that encompasses the entire market, to ensure that we carefully put all components of your existing policy into consideration and find the most profitable deal for you.
Keep in mind:
Unless you proceed with the acquisition of the equity release plan, any services provided by the Equity Release Experts, like a consultation, are free. Whereby, the typical advice charge of 1.99% of the amount you release remains payable upon completion of the equity release plan.
of Switching Equity Release Plans
Your current equity release plan might get maximised and spawn the need to get an additional equity loan that might provide better lending plans.