Costly Equity Release plan with Prudential, Aviva or other provider? Switch today and save

If you have an existing equity release plan, you may have a high interest rate so it’s a good idea to check if you could switch your plan and potentially save thousands. Some companies, such as Prudential, Aviva, More2Life and Just Retirement, who have previously sold equity release, no longer offer the product and will not be able to offer you the option of a better deal. That’s where we come in, we can help you check your plan and help you save money by switching.

Find out how much money
you could save from switching:

Equity Release Awards and Feefo Platinum Service

If you have an existing equity release plan,we can help switch from any provider, including the following:

Equity Release Awards and Feefo Gold Service

Equity Release Calculator

Find out how much tax-free cash you can release using the FREE Equity Release calculator below:

Step 1:

Enter your property and age details

Step 2:

Enter your contact details

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By switching your plan you could:

  • Benefit from a lower interest rate
  • Release more tax-free cash
  • Potentially save thousands

Please note that additional fees and early repayment charges may apply. We take into account any charges before making any recommendation.

Over the last 10 years we've helped thousands of customers get the best plan for their lives

Mr & Mrs Nugent took out a lifetime mortgage 5 years ago.

At that time they were asset rich and cash poor with a desire to suppliement their income for social and leisure purposes.

This led to the arrangement of a drawdown plan.

5 years later they decided to downsize and in doing so they repaid part of their loan but retained some to supplement their income, although at a lower level. As they advanced in age their social and leisure activities declined.

We reviewed their plan

As interest rates had dropped considerably we switched them to a plan at a much lower interest rate that would save £78,000 over 15 years. It also gave them the option to make voluntary payments which they were able to do over time as their income reduced.

Benefits of Switching

  • Arrange a new plan with a lower interest rate
  • Save potentially thousands of pounds over the life of your plan
  • Unlock even more of your property wealth. As well as searching for a more competitive equity release plan, our independent specialists can also find out if you also qualify for a top up of your funds. If you feel the time has come to give your finances another boost, then you might find you can switch to a lower interest rate and unlock a larger amount of money from your home’s value at the same time!
  • Choose a plan where you can make voluntary interest payments
Remember that additional fees and early repayment charges may apply. We take these charges into consideration and work out if switching is the right decision for you and your needs.

Why switch to Bower

By switching your provider to Bower Retirement you could potentially save thousands, just like Mr & Mrs Nugent in our case study who would save £78,000 over 15 years. By staying with your provider and existing plan on a high rate, your interest could accrue to a much larger amount than if you switch to a plan with a lower rate. Here at Bower, we are independent and have access to the whole market so may be able to find you a much better deal and save you money. Let us check your plan today so you can start saving money.

For those of you who have a plan with Prudential or Aviva, these lenders no longer offer equity release and will not be able to renegotiate on plan prices. So if you want to change your existing plan let us take a look and see if we can help you switch today.