Plan for an Uncertain Future | Equity Release Supermarket

Equity Release - Helping You Plan for an Uncertain Future

Mark Gregory

Checked for accuracy and updated on 31 October 2023

Post Brexit, there will be many guesses as to how the economy will fair, equity release interest rates included. This post looks at where lifetime mortgage interest rates are going and how this may affect consumers looking towards equity release as a solution to their retirement futures.

Hi there, It’s fair to say it’s been a turbulent month here in the UK. The decision to leave the European Union has led to a great deal of speculation about many things. One thing we have been keen to keep our eye on is what will happen to house prices and equity release interest rates following Brexit. You may have read that there have been forecasts of a fall in house prices. As a homeowner this may all be quite daunting and overwhelming when you’re trying to plan for your future retirement. Here, Equity Release Supermarket aim to reflect on this forecast and try to understand what this might mean to your retirement plans over the coming years.

Mark Gregory, Founder

What should you believe? Now that we have decided to leave the European Union, there is a great deal of speculation and uncertainty about the future of our economy. The real truth is that nobody really knows what will happen over the longer term. We can only really reflect on what has happened to date.

UK homeowners saw the average house price increase by 8.1% in the year to May 2016, continuing the strong growth seen since the end of 2013*. Lifetime mortgage interest rates are the lowest we have ever seen and right now we can offer variable interest rates from a low as 2.96% MER and fixed interest rates starting at 4.39% MER. If you’re planning for the future and are considering equity release as an option, now could be the ideal time to take advantage of average house price increases before any potential downside. Low interest rates also mean that there has never been a better time to unlock the cash in your home through a lifetime mortgage. Use our free online calculator to find out instantly how much cash you could unlock to spend how you wish.

•	Low interest rates starting from 2.96% variable

•	Fixed rate options also exist to provide security and stability for you and your beneficiaries

•	Voluntary repayment options are now available to help manage and control the futute balance

•	Falling annuity rates and lower savings rates means retirees are receiving less income – equity release can provide a top-up to your retirement income

•	Funds released via lifetime mortgages can be used for any purpose including mortgage repayment, home improvements, gifting to family, holidays or anything else retirement brings!

Could equity release be right for you? To find out if equity release is right for you in planning for your future, book a free no-obligation consultation with your local adviser either over the phone or face-to-face in the comfort of your own home. They will understand your personal circumstances and advise if equity release is right for you.

•	Are handled by qualified advisers who are able to provide whole of market advice

•	Come with a no negative equity guarantee so you never owe more than your home is worth

•	Covered by the Equity Release Council’s code of conduct

•	You you can be confident you have access to the lowest interest rates available from the whole of the equity release market

•	Enable you to retain full ownership of your home and residency for the rest of your life

•	Allow you to move home in the future and port your deal across, subject to lender criteria

•	Come with the knowledge that Equity Release Supermarket have acheived 100% FEEFO feedback

Use our Equity Release Calculator to find out the maximum lump sum available.

Use our comparison tables to find the lowest interest rates, best deals and various plans available.

Visit our ‘Latest Offers’ page to see today’s special deals!

There will be a fee for lifetime mortgage advice. This will depend on your circumstances, but we estimate it to be £995. These are lifetime mortgage plans. To understand their features and risks, ask for a personalised illustration. *ONS House Price Index - May 2016