Switch for a better deal

The equity release market is constantly developing to offer you, the consumer, more choice and more competitive offers. This, together with rising house prices and an increase in your age could result in you benefiting from huge savings and maybe an additional cash lump sum if you were to review your current equity release plan.

That’s what Mr and Mrs Harding from Nottinghamshire did back in 2007. They had originally taken out a plan in 2002 but decided to research the changing market to see if they could benefit from any changes. "We had seen the dramatic increase in the value of properties and interest rates seemed to be lower," says Mr Harding. "So we decided to make some enquiries and see if we could get a better deal."

Through the rebrokering service at Key they received a free review of their current plan. “The process was so simple. We were told of any possible fees that we might have to pay and how much money we could save our estate over the years,” says Mr Moore. “The whole process took five weeks and it was all taken care of for us by Key.”

Their independent equity release adviser, Martin Sloan, researched the market, taking into account any early repayment charges that might be payable and found a plan with reduced interest rates so their estate could benefit, and it even provided them with a further cash lump sum. “With the extra money we received we’ve been able to buy a new car,” adds Mr Moore. “As we see it, the cash is better in our hands than in our bricks.”

To find out whether we could improve on your current plan, call today to arrange a free review of your current equity release plan. Even if your plan wasn’t arranged by Key, we may still be able to help you. Call free on 0800 915 9116 or email your details to intouch@keyrs.co.uk.

If you are considering equity release, please read the points to consider.