Thousands of homeowners with snowballing equity release debts could be paying an average of £30,000 over the odds because they are unaware they can switch to a cheaper rate. More than 300,000 homeowners owe money to an equity release provider after borrowing cash locked up in the value of their home. Yet while interest rates … Read more
Thousands of homeowners with snowballing equity release debts could be paying an average of £30,000 over the odds because they are unaware they can switch to a cheaper rate. More than 300,000 homeowners owe money to an equity release provider after borrowing cash locked up in the value of their home. Yet while interest rates … Read more
The average rate of a lifetime mortgage has reached a record low, whilst the number of available options is at an all-time high. The typical rate across lifetime mortgages has dropped below 4 per cent for the first time according to Moneyfacts, with the average rate now at 3.95 per cent – down from 4.49 … Read more
Over-55s become more cautious about cashing in on their homes with equity release drawdown dropping more than a fifth last year By Helen Crane For Thisismoney.Co.Uk Published: 07:46 GMT, 29 January 2021 | Updated: 08:29 GMT, 29 January 2021 Older homeowners were more cautious about taking cash out from their properties in 2020, as drawdowns … Read more