Equity Release Mortgage Rates (UK)
Current market ranges, deposit expectations, and common fee patterns for equity release mortgages in one place.
Indicative figures only - lender pricing changes frequently and depends on case complexity.
Rate Overview
Typical market range for equity release mortgage pricing.
Typical rate range
6.0% - 7.5%
5.5% - 8.5%
Typical deposit
No deposit - secured against existing home equity
Min 0%
Typical timeline
6-10 weeks
Application to completion
Rates are indicative, not a quote. Final pricing depends on lender criteria, LTV, rental profile, and borrower background.
What Moves Your Rate Up or Down
These are the strongest factors lenders weigh when setting pricing.
- Usually available to homeowners aged 55 or over
- No standard monthly repayments required on many lifetime mortgages
- Loan and interest are normally repaid from the property sale
- Can offer drawdown facilities instead of taking one lump sum
- Advice from a qualified equity release adviser is required
Fee Breakdown
Common charges to plan for alongside the headline rate.
Advice Fee
Specialist regulated advice
Varies
some advisers charge on completion
Valuation Fee
Property valuation
£0 - £1,000
often product-dependent
Arrangement Fee
Lender product fee
£0 - £995+
may be added to the loan
Legal Fees
Independent legal work
£500 - £1,500
plus disbursements
Rate FAQs
Quick answers to common pricing questions.
Do I need to make monthly repayments?+
Many lifetime mortgages do not require standard monthly repayments. Interest can roll up and be repaid from the eventual sale, although some plans allow voluntary interest or capital payments.