retired couple looking at equity release ratesRecent figures from data analyst Moneyfacts, show that equity release rates are falling. For the first time in more than a decade, equity release rates have dropped to an average below 5%.

Most lenders now charge an interest rate of 4.99% for releasing funds from your home. This is down from 5.1% from just a year ago and 6.11% five years ago. Also, rates are at their lowest since Moneyfacts first began recording them back in 2007.

Figures also show that there are more providers than ever before. This has meant that the number of deals available has increased from 164 to 207 today.

What is equity release?

Equity release allows you to release money from your property without having to move or sell your home. You need to be over the age of fifty-five and a homeowner. You can release the money as a lump sum, ad hoc payments or regular monthly withdrawals. This all depends on what type of plan you choose. There is an option for no monthly repayments, with the interest rolling up (compounds) and is only payable when the property is sold.

We are members of the Equity Release Council.

As a company, we are registered with the Equity Release Council.  our advisers offer Equity Release Council approved plans. These approved plans offer a “no negative equity guarantee” which means that you and your family will never owe more than the value of your home.

The equity release industry is highly regulated by the Financial Conduct Authority (FCA). Our financial advisers are authorised and qualified to advise you on these plans.

How Anstee & Co can help you with retirement planning.

Home equity release can be an ideal way of supporting yourself in later life or simply used to give your bank balance an extra cash boost. The money released is tax-free. Equity release is not right for everyone and should always be looked at as a long-term financial commitment.

Why not arrange a meeting today with one of our advisers and request a personal written illustration? Our initial meeting is at our cost. We will only charge a fee of £895.00 when your equity release plan has been agreed and the funds released. You have the option to allow your solicitor to pay us directly on your behalf, so you will have no upfront fees to pay.

A meeting can be arranged at a time and location that is convenient for you and your family. This could also include meeting at your home. We would always advise you to get your family involved. A meeting can also be arranged at one of our offices located at-

  • Kettering, Northamptonshireequity release rates call back
  • Stamford, Lincolnshire
  • Towcester, Northamptonshire
  • London, Pall Mall
  • Birmingham, Snow Hill Queensway

Finally, our advisers live and make use of  meeting rooms in

  • Bedford, Bedfordshire
  • Market Harborough, Leicestershire
  • Droitwich Spa, Worcestershire
  • Northampton, Brackley and Wellingborough in Northamptonshire.

These products are lifetime mortgages or home reversion plans. Equity released from your home will be secured against it.