The Best lifetime Mortgage Rates During July 2021 moneyfacts.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyfacts.co.uk Daily Mail and Mail on Sunday newspapers.
The Best Lifetime Mortgage Rates During June 2021 moneyfacts.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyfacts.co.uk Daily Mail and Mail on Sunday newspapers.
As house prices continue to rise, homeowners over the age of 55 may be considering unlocking some of the equity they have built up in their home through equity release
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This week we published research that found the number of equity release deals available on the market is at a record high of 510. As a result those considering equity release have more options to choose from than ever before. Saying this, those considering this option should still be aware of the long-term impact it can have on finances and must speak to an independent financial adviser before taking out a plan.
To help homeowners consider equity release to evaluate the deals on the market below we have highlighted some of the most competitive rates that were available during April.
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A lifetime mortgage can be a good way for those aged 55 and over to release equity built up in their house without having to move home. While there are benefits to taking out a lifetime mortgage, it can have a long-term impact on finances and those considering this option should speak to an independent financial adviser before going ahead to ensure it is the best decision for their circumstances.
The plans highlighted below are not endorsed by Moneyfacts.co.uk but have been chosen as they offer competitive rates for the scenario that we have selected. It should be noted that other plans are available that offer similar competitive rates but may offer incentives, such as cashback, that suits the borrower’s needs better – as such borrowers should consider speaking to an equity release broker who will be able to select the best plans for individual requirements.