1 Is your equity release plan still meeting your needs? By The Bower Team / In Equity Release Want an initial free consultation and review from an award-winning equity release specialist? At Bower, we contact our previous clients and offer a free review of their previous borrowing plan every few years, to check that it meets their current and imminent needs. 2020 has seen new rates and new plans and so we can also look to see if we can recommend an equity release plan with lower interest rates. As well as reviewing plans for existing clients, additionally, over a decade of award-winning service, we have helped many new clients who came to us with products that they were sold some years ago elsewhere, without being fully aware of the advantages and disadvantages at that time. When plans were not in their best interests, we worked to find them a more suitable plan. New rates, new plans Today’s rates for an equity release plans are much lower than they were two, five and ten years ago. Previous borrowers may be unaware that they could be eligible to change their plan, and they could potentially make overall savings by changing, so it is worthwhile reviewing your plan. This is especially true for the many homeowners who took out an equity release plan, lifetime mortgages when interest rates were much higher over 5, 10 and 15 years or more ago. Do you know anyone who would benefit from a review of an equity release plan? At Bower we feel it is important to encourage open discussions amongst elderly family relatives, where there is a need for a financial review and where external, professional advice is required. That is why we always invite family members to attend equity release appointments with their parents, if this suits the parties concerned. If you, your parents or grandparents have an equity release product that they completed on more than five years ago, it might be worth checking to see if there is a more suitable equity release plan available now. Bower are award-winning equity release specialists with professional advisers nationwide and offer a free initial consultation in the comfort of your home. We pride ourselves on giving honest, expert advice you can trust. As a Feefo Platinum Trusted Service Award Winner in 2020, exceptional customer service is at the heart of everything we do. Bower are also members of the Equity Release Council (ERC) and are fully authorised and regulated by the Financial Conduct Authority (FCA). You can count on Bower for Trust, Honesty and Service. To discuss your needs, please call our professional, UK-based Contact Centre on Freephone 0800 411 8668.