23 April 2015

Equity Release Rates Falling

Whether you are a saver or a borrower will decide whether falling rates is a good or bad thing. In this case Equity Release rates refers to the lending rate on a lifetime mortgage which older people might use to raise capital on their house.

While these rates will always be higher than a standard mortgage (because the lender doesn't know when they will get their money back) lower rates have got to be a good thing. They have moved lower across the board since the beginning of 2015 as it becomes a bigger and more competitive market. In fact, 2014 was a record year for equity release providers.

Equity Release is a big step to take, but for many people it will be the best way of ensuring financial security in retirement. Advice is definitely recommended, so let me know if we can help.

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