Using equity release to pay off debts
If you're looking for ways to deal with your debts, equity release might be an option for you. However, it's important to get expert advice first as there could be other more suitable alternatives for you to consider.
Our free online debt advice tool takes around 20 minutes and can help you find the best way to deal with your debts based on your situation.
Reviewing your existing lifetime mortgage
We understand it’s important to keep on top of your financial arrangements. This includes your equity release lifetime mortgage.
While most of these plans have interest rates that are fixed for life, and possible charges for early repayment, interest rates for new lifetime mortgages will change over time.
We will help you understand if the lifetime mortgage you currently have remains suitable for you and whether any alternatives may offer better terms .
If you want to review your plan, call our Financial Solutions team to arrange an appointment with an equity release advisor. They will research the market to understand the current plans available and will compare these with what you currently have.
If your best option is to remain with your current plan, we’ll let you know. However, if you could save a large amount of money over the term of your mortgage by moving to a new plan, we can make the arrangements to help you do this.
If you’re looking to borrow more money for any reason, we can also advise you whether it’ll be more cost effective to do this with your existing lender, or by moving to a new lifetime mortgage elsewhere.
If you would like to review your options, please contact us on 0808 1686 719 and we can arrange an appointment with one of our qualified advisors. We’re open Monday to Friday 9am to 5pm.