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Do You Already Have An Equity Release Loan
08/06/2010
If you already have an equity release loan, when did you last have it reviewed to see if it is still the best one for you? With the fall in interest rates it may be that changing products might be best advice for you. Here at the Right Equity Release we have access to experienced advisers who will be able to review your current situation and advise if you would be better swapping to another provider. Just a 1% increase or decrease in interest rates can have a dramatic affect on your equity release plan. If over the last 5 years you have used an equity release plan to release cash from your home then now is the best time to review you plan.
Swapping to another provider who is offering a lower interest rate, could significantly reduce the amount of interest that would accumulate on you loan. Before we recommend what would be in your best interest, we would find out if your current plan has an early repayment charge. Taking any early repayment charge, new interest amount and any new fees we will only recommend you move providers if the new plan worked out to be in your best interest. We will explain all costs associated with moving.
Why not contact us to review your plan. You have nothing to lose, even if after our research we only are able to confirm that your existing arrangement is the best plan for you. Contact us now at therightequityrelease.co.uk
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