A Comparison Of Equity Release Rates In The UK

By Stephen Bailey on September 1, 2021

Are you a homeowner over the age of 55 and thinking about equity release? Below is a list of some of the most competitive rates available on the market today.

To view features of the products, check your eligibility and find out how much tax free cash you could release, click ‘More Info’.

If your enquiry is more general, or you are thinking about switching an existing equity release plan to get a better rate, click on ‘Ask An Adviser’ for a no obligation response to your question.

(Rates correct August 2021)‍

Provider Product Fixed Rate

Pure Retirement Classic Super Life 2.62%*More Info

More 2 Life Flexi Choice Ultra Lite 2.62%*More Info

AVIVA Lifestyle Flexible Option 2.68%*More Info

Canada Life Lifestyle Lite Flexi 2.70%*More Info

Legal & General Premier Flexible Black 2.81%*More Info

Liverpool Victoria Drawdown+ Lite 3.04%*More Info

Just Just For You Lifetime Mortgage 3.70%*More Info

Do you have a question about lifetime mortgages? Just want some general information? Click Here to ask an adviser.

The products shown are a selection of different flexible lifetime mortgages. Drawdown lifetime mortgages such as these allow you to take an initial lump sum with a pre-authorised amount that can be accessed whenever required. There are many more retirement mortgage product types are available from your trusted advisor which you may be eligible for. These include lump sum, voluntary payment, interest only and income.

*Subject to terms and conditions. Enquire for more details

Call Giraffe equity release on 0800 622 6414 or send an enquiry here

I decided to use a lifetime mortgage in order to purchase a more suitable home for myself in retirement. I wanted to buy a brand new flat, but it was more expensive than my current property, so was advised that equity release could be used to help. I took a lifetime mortgage on the new flat and this covered the balance I needed to buy it after selling my old home. I am absolutely over the moon in my new flat and cannot thank the advisers at Giraffe enough. I will be recommending them to all of my friends!

Daniel, Devon

We used equity release to pay off our current interest only mortgage which was due to expire and therefore be repaid to the lender. We had no means to repay this until we were advised that a lifetime mortgage could be used to clear the balance and let us remain in our family home as we did not want to downsize. We now service the interest on a lifetime mortgage, which is great as we know exactly how much debt will remain. We both could not fault the service we received from our Giraffe adviser who took their time explaining the ins and outs of the products, and answered all of our questions efficiently.

Mick & Elaine, Cornwall

I unfortunately lost my husband unexpectedly, and as his pensions ceased on his death, I did not have sufficient income to maintain my standard of living. I therefore used a lifetime mortgage to release funds from my house, which now provide an income for me in my retirement. The service I received from my allocated adviser was second to none and they understood my situation, taking time to explain all of my options. I can now continue to live in my house and pay my bills, as well as continue my membership at my local golf club!

Susan, Wiltshire

I decided to release some of the equity in my home because I wanted to help my daughter get on the property ladder by giving her the cash for a deposit. I also chose to use some of the funds released to have a new kitchen and bathroom fitted, which I’m now delighted with. The whole process was made effortless as I was able to speak to the same adviser throughout, who explained everything to me in detail.

Jackie, Surrey