The best equity release rates available on Wednesday 01 October
EQUITY RELEASE AGE 55 |
Lender: |
More2Life |
Mortgage Type: |
Lifetime Fixed |
Interest rate: |
6.99% (MER) |
Free Valuation: |
Yes |
Product Fee: |
£0 |
Legal Fee: |
£1095 |
Voluntary Payments: |
Yes |
Overpayments: |
10% per annum |
Optional Monthly Interest Payment* |
£541.41 |
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EQUITY RELEASE AGE 65 |
Lender: |
Standard Life |
Mortgage Type: |
Lifetime Fixed |
Interest rate: |
6.05% (MER) |
Free Valuation: |
Yes |
Product Fee: |
£995 |
Legal Fee: |
£1095 |
Voluntary Payments: |
Yes |
Overpayments: |
10% per annum |
Optional Monthly Interest Payment* |
£465.58 |
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EQUITY RELEASE AGE 75 |
Lender: |
More2Life |
Mortgage Type: |
Lifetime Fixed |
Interest rate: |
5.6% (MER) |
Free Valuation: |
Yes |
Product Fee: |
£0 |
Legal Fee: |
£1095 |
Voluntary Payments: |
Yes |
Overpayments: |
10% per annum |
Optional Monthly Interest Payment* |
£430.91 |
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EQUITY RELEASE AGE 85 |
Lender: |
More2Life |
Mortgage Type: |
Lifetime Fixed |
Interest rate: |
5.6% |
Free Valuation: |
Yes |
Product Fee: |
£0 |
Legal Fee: |
£1095 |
Voluntary Payments: |
Yes |
Overpayments: |
10% per annum |
Optional Monthly Interest Payment* |
£430.91 |
MORE INFO
Based on a loan of £90,000 for a property valued at £400,000, higher loan to value products are available, please asked for a personalised illustration. * Monthly Interest Payments are optional and can be amended or cancelled at any time.
Most of the best equity release mortgages can only be arranged through a mortgage broker.