Time to review your existing equity release arrangement?

The equity release market has started this year awash with rate cuts and prospective borrowers looking to release wealth out of their home will find that the interest charged, on average, has now fallen to a record low.

If you’ve taken out equity release prior to 2015 it might be worth reviewing your existing arrangement.

The following article by Mortgage Solutions states increasing competition within the equity release market is continuing to drive interest rates to new lows, according to Moneyfacts.

As you can see, rates are at their lowest (and fixed for life), this means remortgaging an existing equity release plan could save thousands of pounds. Since 2015 payment options have increased also and compound interest isn’t the only option.

Contact Harbour Equity Release to see if you would benefit from reviewing your existing arrangement. Call us on 01202 925 976 or email us at enquiries@harbourequityrelease.co.uk

Harbour Equity Release is located in Poole, Dorset and we cover the immediate local area and Hampshire. If you’re not in the local area where we can meet you face-to-face, we are able to provide advice over the phone or via online meeting, so if you’re not in the Dorset area it’s not a problem.

Harbour Equity Release covers Christchurch, Bournemouth, Broadstone, Wimborne, Wareham, Ringwood, Verwood.

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