Equity Release rates at an all-time low

A familiar concern is that rates for Equity Release borrowing are significantly higher than other finance options however this recent report shows how low rates are for retirement lending. There is a general concern that the cost of Equity Release is considerably higher than other forms of lending however with a fixed rate for life in many instances the current rates look more attractive than they have in the past:

  • ‘Rates on equity release products have been pushed to historic lows in recent years as competition in the market among existing and new lenders heated up.’

(Professional Adviser – January 2017).

http://www.professionaladviser.com/professional-adviser/news/3002203/low-equity-release-rates-spark-switching-inquiries-research

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