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If I have an existing equity release plan can I apply for additional borrowing?

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Yes, depending on how much was originally borrowed, and the current value of the property. This can be done either as a top up to your existing scheme, or in some instances, it may be more beneficial to switch equity release providers.

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Ascot Mortgages authorised and regulated by the Financial Conduct Authority and can be found on the FCA register (www.fca.org.uk) under reference 776062. The FCA do not regulate some forms of mortgages. The guidance and advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £399 per mortgage account. Ascot Mortgages Ltd give you the option to pay a non-refundable fee of £879 payable with the application. If this option is taken, Ascot Mortgages Ltd will refund any procuration fee received by the lender.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Ascot MortgagesIf I have an existing equity release plan can I apply for additional borrowing?

If I have an existing equity release plan can I apply for additional borrowing?

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Yes, depending on how much was originally borrowed, and the current value of the property. This can be done either as a top up to your existing scheme, or in some instances, it may be more beneficial to switch equity release providers.

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