Lifetime Mortgage Rates - November 2026
| Age at application | Max LTV | MER from | Lenders |
|---|---|---|---|
| 55–59 | Up to 25% | 6.49% MER | L&G, Pure, Aviva |
| 60–64 | Up to 35% | 6.19% MER | L&G, Pure, Aviva, more2life |
| 65–69 | Up to 45% | 5.99% MER | L&G, Pure, Aviva, more2life |
| 70–74 | Up to 50% | 5.89% MER | L&G, Pure, Aviva |
| 75+ | Up to 55% | 5.79% MER | Pure, more2life, Just |
MER = Monthly Equivalent Rate. Lifetime mortgage interest compounds annually - a £200,000 loan at 6.0% MER grows to approximately £358,000 after 10 years if no payments are made.
Rates shown are indicative only, correct as of November 2026, and subject to change without notice. Rates available are subject to individual circumstances, credit assessment, property type and lender criteria.
Types of Equity Release
Lifetime Mortgage
The most common equity release product. A loan secured against your home with interest that rolls up - no monthly payments required. Repaid on death or when you permanently move into care. All mainstream lifetime mortgages include a no-negative-equity guarantee.
Drawdown Lifetime Mortgage
A lifetime mortgage with a cash reserve facility - you take an initial lump sum and draw additional funds as needed. Interest only accumulates on amounts drawn, which can significantly reduce the total cost compared to taking a full lump sum at outset.
Interest-Paying Lifetime Mortgage
A lifetime mortgage where you choose to make voluntary interest payments, reducing or eliminating interest roll-up. Combines the no-repayment-obligation of equity release with the cost efficiency of a RIO if you can afford to pay some interest.
Home Reversion Plan
You sell a share of your home to the provider in exchange for a lump sum or regular payments, while retaining the right to live there rent-free. Less common than lifetime mortgages. Requires specialist advice.
Is Equity Release Right for You?
Equity release is not right for everyone. We will always consider whether a RIO mortgage, a standard 55+ mortgage, or other options may be more suitable before recommending equity release.