Mortgages Types > Equity release mortgage > Equity release mortgage rates

Equity release mortgage rates

Let us find the juiciest quote for you

There are some great value equity release mortgage rates available through dozens of UK lenders - but it can be difficult trying to find the right one.

First Mortgage is an impartial broker that searches the whole of the market. We provide a completely FREE service that guarantees to find the best equity release mortgage rates.

Find low equity release mortgage rates

What is an equity release deal?

With an equity release mortgage you can sell part of your home in exchange for a cash sum - without having to move house. If you are looking to free up some cash in your retirement, this might be a particularly useful deal.

Equity release deals come in two forms: reversions or lifetime deals. A lifetime mortgage is effectively a loan secured against your property. However, interest is only payable when the house is sold on after your death or moving to a retirement home. Reversion schemes allow you to sell a percentage of your property in return for a lump cash sum or monthly payment.

Is an equity release mortgage rate the best deal for you?

Equity release mortgage rates vary from lender to lender, but there are some very competitive deals on the market. Before you decide on your mortgage type, it’s worth considering the following points about equity release deals:

- Helps to solve the common retirement problem of being asset rich, but cash poor
- Access cash without having to move home to a smaller property
- Staying in your property and not moving might help reduce inheritance tax (check with your solicitor about the possible complications)
- With a lifetime deal there can be an issue over how much of the property will be yours to pass on to your children/grandchildren
- You may lose some rights to means tested benefits
- If the sum released is spent unwisely, then it can have a negative impact on quality of life
- If you opt for an income-payment deal this will be counted in your tax calculations

Find great value equity release rates

Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best deal.



Mortgage quote

Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request

Find a branch

UK branches offering face to face advice and still no charges or fees. Find us

Mortgages Types
Call us

Unsure where to start? Call our advice team now for free, impartial, experienced advice. Call us

Best rates

Guaranteed!

With a whole of market choice that simply won't be beaten, find better and we happily match this while refunding TWICE the first years payments difference - guaranteed! One shop - every lender - FREE whole of market advice!
Find out more

Quick Links

First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
Find out more

Related Links
Mortgage tools