Equity Release Rates

If you are thinking about taking out an equity release loan or mortgage, it is important to consider the equity release rates – this is the rate of interest you will pay on the amount you borrow against your home. The level of interest determines the total figure that will have to be repaid when the house is sold upon your death. If the interest rate is very high, there could be little value left after the lender has been repaid. Other features of equity release include:

Tax-free cash released from your home
The money can be used for any purpose
Applicants must be 55 years of age or older
You retain ownership of the house
It can provide an income boost in retirement

Fill in our simple form and an advisor will contact you to discuss the current equity release rates and provide other information and advice, including the other options available to you to boost your income is retirement.

Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so.

The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.