Can I end the equity release scheme early?
That depends on what type of over 55 equity release scheme you opt for.
If you take out a lifetime mortgage and your circumstances change, you may wish to repay your lifetime mortgage early. However, it is worth remembering that these plans are intended to be long-term plans, and therefore your provider may charge an early redemption fee.
You cannot cancel a home reversion scheme once it has started.
‘Our 55Plus Equity Release adviser is very pleasant and she listened properly to what I was saying and came back to me with answers.’NE, successful over 55 equity release scheme applicant, Kent