The Telegraph - 'Cheapest ever' equity release loans as demand for using houses like cash machines soars
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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