Compare November 2026 RIO, lifetime and standard 55+ mortgage rates, with a 10-year cost comparison on £200,000 of borrowing.
Important: Equity release is a long-term commitment and will reduce the value of your estate. It may affect entitlement to means-tested benefits. Independent financial and legal advice is required. All plans recommended are from Equity Release Council approved lenders. Your home may be repossessed if you do not maintain required payments on a secured loan.
Written by David Doulton · Last updated November 2026
This page compares current indicative rates across retirement interest-only (RIO) mortgages, lifetime mortgages (equity release), and standard later life mortgage products. All rates are correct as of November 2026 and subject to change.
Retirement Interest-Only (RIO) Rates
LTV
Rate from
Fix period
Lenders
Up to 50%
4.49%
2 or 5 year fixed
Family BS, Hodge
Up to 55%
4.59%
2 or 5 year fixed
Hodge, LiveMore
Up to 60%
4.69%
2 or 5 year fixed
Hodge, LiveMore
Up to 65%
4.99%
2 or 5 year fixed
Hodge, LiveMore
Up to 70%
5.29%
2 year fixed
Hodge, LiveMore
Lifetime Mortgage (Equity Release) Rates
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
Standard 55+ Mortgage Rates
Product
LTV
Rate from
Lenders
Capital & Interest repayment
Up to 75%
4.49% fixed
Family BS, Principality
Interest-only (55+)
Up to 60%
4.65% fixed
Family BS, Hodge
Capital & Interest (65+)
Up to 65%
4.89% fixed
LiveMore, Hodge
10-Year Cost Comparison - £200,000 Borrowing
The table below illustrates the total cost of £200,000 borrowing over 10 years under each main product type, assuming rates remain unchanged.
Product
Rate
Monthly payment
Balance after 10 years
Total interest paid
RIO Mortgage
4.69%
£782/month
£200,000 (unchanged)
£93,840
Lifetime Mortgage (roll-up)
5.99% MER
None
£357,830 (compounded)
£157,830
Capital & Interest (25yr term)
4.49%
£1,111/month
£145,270
£78,530
Interest-only 55+
4.65%
£775/month
£200,000 (unchanged)
£93,000
What Affects Your Rate?
Loan-to-value (LTV) - lower LTV almost always means a lower rate
Age - older borrowers can access higher LTV at equivalent or better rates with some lenders
Income type - pension income, drawdown and rental income all assessed differently
Property type and location - non-standard construction may limit lender choice
Fixed period - 5-year fixes are sometimes lower than 2-year for the same LTV
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.
The figures on this page are indicative. Send us your details and we will come back with the options that fit your income, your property and your plans.
Your home may be repossessed if you do not keep up repayments on a mortgage. The value of your estate may be affected by equity release products. Think carefully before securing debts against your home. Doulton Money Limited t/a Doulton Bridging Finance. Company No. 14303203. 20-22 Wenlock Road, London N1 7GU.
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