The table below illustrates a comparison based on a lump sum lifetime mortgage between the lowest rate available in March 2004 compared to the lowest rate available in March 2014.
Total amount owing after:
|Save by switching:
This table is for illustration purposes only. The actual rate will depend on your circumstances.
Even if your plan has some early repayment charges, changing to an equity release plan with a lower interest rate could prove more financially beneficial than sticking with your current plan.
If you do decide to swap plans, our dedicated team will take the hassle out of the transaction by looking after the whole process for you, from start to finish.