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Switching Equity release providers

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Hello guys,

Is there any way to switch equity release providers? My mothers with Aviva and has a rate of 8.25% so I would like to renegotiate or take out a replacement mortgage.

Thanks fir any advice.

Comments

  • You can "remortgage" to a new equity release provider but your mother may have to pay an early repayment charge.

    You/she should check the original documentation to see how much this is. it may be that the cost of the ERC makes remortgaging financially unviable.
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