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.
How do we decide which equity release products get the best rating?
For over 30 years, Moneyfacts has been helping people to find the best financial products. Every year our in-house money experts cast their eye over all the equity release products available to the UK market, using their in-depth knowledge to determine those that truly represent the best solutions.
Our impartial equity release ratings look at the most important features, charges and benefits of each product. For equity release, we evaluate over 35 individual elements to determine which products stand out from the rest of the pack.
Below, we’ve detailed which elements we look for when it comes to our whole of market assessment for equity release products.