Equity Release Interest Rates
What interest rate can I achieve on Equity Release? What is good? When you’re looking into Equity Release plans there…
A lifetime mortgage is a loan secured against your home, provided it is your primary residence, that you retain ownership of. When the last borrower dies or enters long-term care, the house is sold and the proceeds are used to pay off the loan.
The majority of lifetime mortgages get a set interest rate. Variable-rate lifetime mortgages are available from some lenders, but they provide less security.