Equity Release Costs and Interest Rates: What to Know
Equity release allows homeowners aged 55+ to unlock cash from their property, but understanding the costs and interest rates is crucial. Most equity release plans now feature fixed interest rates, offering financial stability. Rates are linked to the 15-year gilt yield, which influences borrowing costs. This guide explains how to manage these expenses, highlights repayment options, and outlines alternatives like downsizing or personal loans.
