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.

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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.

Equity Release Deals

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.

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.
Legal & General Legal & General Legal & General Income Blue Fixed 4.03% 4.6% Learn More
Legal & General Legal & General Legal & General Income Indigo Fixed 4.63% 5.2% Learn More
Legal & General Legal & General Legal & General Income Pink Fixed 3.51% 4.1% Learn More
Legal & General Legal & General Legal & General Income Yellow Fixed 3.68% 4.2% 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.

HOW MUCH EQUITY CAN YOU RELEASE?

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.

How Much Can You Release?

Use the FREE Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

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As Featured In
yahoofinance marketwatch
rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
francis

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

As Featured In
yahoofinance marketwatch