The Telegraph - 'Cheapest ever' equity release loans as demand for using houses like cash machines soars
Tags: The Telegraph
Older homeowners can now release cash from their property more cheaply than ever before, as rates on equity release mortgages have fallen to a new low. Two providers now offer loans with an interest rate of 2.55pc.
Aaron Strutt of Trinity Financial told The Telegraph: “The biggest equity release providers have been busy undercutting each other to offer the best deals in recent months and they have some super-cheap rates.
“The improvements to pricing and increased flexibility of the deals have moved equity release from being a last resort to a sensible consideration for many people in their retirement.”
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