Disclosure
Remortgaging Equity Release Schemes in 2025: Best Options
Options for remortgaging equity release schemes include switching to a lower interest rate or a different product with more suitable terms, subject to valuation and eligibility criteria.
What Are the Options for Remortgaging Equity Release Schemes? Find Out How to Get a Better Deal and Benefit From New Flexible Features. Read More to DISCOVER HOW...
This article contains tops tips from our experts, backed by in-depth research.
Contributors:
SovereignBoss Promise
Expert VerifiedSovereignBoss adheres to a stringent code of editorial guidelines, but some articles may feature partner references. Here is an explanation for how we make money.
Key Takeaways
- The best remortgaging equity release schemes in the UK often include those from notable providers like Aviva, Legal & General, and Liverpool Victoria.
- It works by allowing homeowners aged 55 and over to release cash tied up in their property without needing to make monthly repayments.
- Individuals over 65 can certainly benefit, as it provides a tax-free lump-sum or steady income drawn from the value of their property.
- Costs involved may include arrangement fees, solicitor's fees, valuation fees, and potentially early repayment charges if the mortgage is paid off before the agreed period.
- Risks involved may include reduced inheritance for your beneficiaries, potential negative equity, and possibly affecting your entitlement to certain state benefits.
If you're thinking about investing in an equity release scheme, then there are many things that you will need to consider including remortgaging equity release schemes.
Whether or not it's possible to remortgage your current equity release scheme is one of the most important considerations.
Luckily for you, we've carefully unpacked this topic in this article, discussing exactly what this means and how it could affect your investment decision.
In This Article, You Will Discover:
Let's find out now!