Equity Release Deals for May 2022
Compare the Equity Release Mortgage Rates & Find a GREAT Deal
Contributors: Nicola Date, Katherine Read & Edited by Rachel Wait. Reviewed by Francis Hui
Compare the Whole Market & Discover the Top Lifetime Mortgage Deals for 2021. Find the PERFECT Plan for You With Our Easy to Use Comparison Table.
Before You Start Reading...
How Much Can You Release? 👇
Equity Release Deals. Find & Compare Lifetime Mortgage Deals
If you don’t know the available equity release deals in 2022, you could pay far too much for your equity release deal.
Don’t get caught with ridiculously high interest rates, or miss out on brilliant freebies.
Fortunately, we at SovereignBoss are here to be your trusted guide.
Through this article, we’ll help you discover:
- The equity release interest rates available in 2022.
- The best deals currently on the market.
- The best lenders of equity release.
We did a detailed analyses of over 220 equity release deals to determine this detailed and up-to-date list.
Here’s what we’ve found.
What’s Equity Release?
Equity release is a group of later-life mortgages that allows you, if you’re 55 or older, to unlock tax-free cash that’s tied into your property.
With equity release, the loan, plus interest, is then repaid from the sale of your house when you eventually pass away or move to long-term care.
Compare Equity Release Interest Rates & Deals in May 2022
Before you begin make sure you know the current equity release rates in May 2022 in the UK.
- To find a good equity release deal in May 2022, you'll need to compare interest rates and offers.
- We have reviewed 690 equity release schemes & are the largest source of equity scheme information on the internet.
- Luckily, we're here to help! Take a look at what's on offer:
Please Select Your Scheme Type
| Provider | Product Name | Type | Interest Rate The interest rate is the cost of borrowing the principal. | APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan. | |
|---|---|---|---|---|---|
|
Canada Life Canada Life Over 55 Buy-to-Let Lifestyle | Fixed | 5.63% | 5.9% | Learn More |
|
Canada Life Canada Life Second Home Lifestyle | Fixed | 5.63% | 5.9% | Learn More |
|
Canada Life Canada Life Second Home Voluntary Select | Fixed | 5.82% | 6.1% | Learn More |
All these schemes are from lenders who are members of the Equity Release Council and are, therefore, worth considering.
Got Questions? Check These First
What Company Has the Best Equity Release Scheme?
How Can I Compare Equity Release Schemes?
In Conclusion
Now that you’ve looked at these fantastic deals, you can get a sense of where you may want to look for equity release.
We always recommend you chat through your options with your children and speak to a trusted financial adviser.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.
