Existing Equity Release Customers – Plan Review
Do you already have an equity release plan?
If you’ve had your plan for 12 months or more, you may be able to review and update it to access better rates or more flexible terms that weren’t available when you first took it out.
Whether your current lifetime mortgage was arranged through Compare Retirement or elsewhere, we offer a free, no-obligation plan review to ensure you have the most competitive deal available today — helping you potentially save money and access more benefits.
Why consider a plan review?
Benefit from potentially lower interest rates:
Interest rates for lifetime mortgages have remained relatively low in recent years. Switching to a newer plan could reduce your overall interest costs by thousands of pounds over the lifetime of your mortgage.
Release additional tax-free cash:
Thanks to rising UK house prices over the past several years, you might be able to unlock more equity from your home if you wish to increase the amount you’ve released.
*Average UK house prices have increased by approximately 25% to 30% over the past 5 years (from 2020 to early 2025).
Improve plan flexibility:
Some newer plans offer enhanced features such as flexible drawdowns, repayment options, or inheritance guarantees that may better suit your current and future needs.
How it works
Our qualified plan review specialists will:
- Assess your existing plan details, including outstanding balance, accrued interest, and any early repayment charges
- Compare your current deal against the latest market offerings from a wide range of major lenders
- Consider how changes might affect your estate and entitlement to means-tested benefits
- Provide you with a personalised recommendation and illustration at no cost or obligation
If a better plan is available and it makes financial sense, we’ll handle the entire process to make switching straightforward and hassle-free.
Important considerations
- Eligibility for new plans will depend on your current circumstances, including age, health, and lifestyle factors
- Any additional cash released and accrued interest will be repaid from your estate when you die or move into long-term care
- Plan features and amounts available vary by lender and are subject to their terms and conditions
- Switching plans may involve early repayment charges on your existing mortgage, so we carefully evaluate the costs and benefits before making recommendations
Get in Touch
Whether you arranged your plan through Compare Retirement or another provider, call us today on Freephone 0800 520 0090 for your free, no-obligation equity release plan review.
*House price data source: Office for National Statistics, UK House Price Index, latest release (2025)
Compare Retirement only charges an advice fee if you proceed and complete a new plan, currently capped at £1,195. Our initial advice and personalised illustrations are always free.
Next Steps - Call me Back
Please complete the online form and one of our qualified plan review specialists will call you back as soon as possible
Call us free today on: 0800 520 0090 to find out more!
Find out how much equity you could release from your home TODAY