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Find out how much tax-free cash you can release using the FREE Equity Release calculator below:
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Mr & Mrs Nugent took out a lifetime mortgage 5 years ago.
At that time they were asset rich and cash poor with a desire to suppliement their income for social and leisure purposes.
This led to the arrangement of a drawdown plan.
5 years later they decided to downsize and in doing so they repaid part of their loan but retained some to supplement their income, although at a lower level. As they advanced in age their social and leisure activities declined
As interest rates had dropped considerably we switched them to a plan at a much lower interest rate that would save £78,000 over 15 years. It also gave them the option to make voluntary payments which they were able to do over time as their income reduced.
As well as searching for a more competitive equity release plan, our independent specialists can also find out if you also qualify for a top up of your funds.
If you feel the time has come to give your finances another boost, then you might find you can switch to a lower interest rate and unlock a larger amount of money from your home’s value at the same time!