Over 55's Across The UK Are Releasing Equity Right Now as Rates Fall to Historic Lows

Use our free Equity Release calculator and see how much you can release

Jonathan Parker Last updated: May 2024 - 5 min read

Recent research from Defaqto and the Equity Release Council shows that Equity Release rates have fallen to a record low. Those currently looking to release equity from their properties can now find rates at around half of those 18 months ago.

The question is of course, for how long will homeowners be able to take advantage?

Brian Brown, Consumer Finance Expert at Defaqto, stated that thanks to these historic low rates, Equity Release is now ‘a much more viable option for some borrowers.’1 This is compared to other products, such as mortgages, loans, credit cards and overdrafts, where rates haven’t fallen as much. What’s more, for those considering Equity Release, it’s free to find out how much can be released.

Equity Release Calculator

55 to 59
60 to 64
65 to 69
70 to 74
75 to 79
Over 80

Key reasons so many are using Equity Release right now:

  • Historic low rates
  • The interest rate you receive is fixed for life
  • No monthly repayments
  • The released money comes tax-free
  • You retain 100% ownership of your property
  • You will never have negative equity

What can you do with released equity?

Released equity provides a tax-free lump sum to spend as you choose. Common uses include:

  • Paying off a mortgage
  • Home improvements
  • Monetary gifts to family
  • Additional income
  • Once-in-a-lifetime purchases

Be Aware

55 to 59
60 to 64
65 to 69
70 to 74
75 to 79
Over 80

As with any financial product, it’s always important to understand exactly what you are committing to and what the exact requirements are. Always discuss your circumstances with an FCA-approved advisor to fully understand all features and risks of the product you are considering.

Equity Release Tips:

  • With Equity Release, you don’t have to borrow the full value in one go. You can instead release money from your property in stages, in a way that suits you.
  • To ensure you find the best deal, speak to an authorised Equity Release expert, who will be able to guide you through the process and help explain your options.

How to secure the right Equity Release deal for your circumstances

When searching for Equity Release, you should always speak to a recognised professional. They will let you know how much you can release, as well as information on the latest offers.

Here at ProtectionPlans, we put you in touch only with FCA regulated specialists. They will search the market to find you the best deals from authorised lenders.

Equity Release quotes through ProtectionPlans are free, with no obligation to purchase. Our team is on hand to answer any questions you may have, and there is no limit to the number of quotes you can obtain.

Select your location on the map below to calculate your potential Equity Release: