Switching Equity Release Providers
How to use the switch plan equity release calculator
Using our switch plan equity release calculator couldn’t be easier - simply provide us with some details of your current lifetime mortgage. If you are thinking of changing your existing equity release plan, then our switch plans calculator will help you understand whether this could be a viable option for you.
Our switch plans calculator instantly computes what the future balance of your existing plan would be. It then compares this with other equity release plan rates that are currently available. Our clever calculator also factors in things like the costs associated with changing plan and any early repayment charges being incurred.
Results are displayed in an easy-to-follow format so you can quickly compare your old plan against a new one. This helps to establish what year the break-even point will be i.e. the year when switching plans becomes profitable.
This analysis tool makes it easy to see the money you could potentially save over time by switching plan.