Equity Release Rates are currently at a 5-year high. The market fluctuations are caused by a mixture of all the qualifying criteria, among them are age, property value, property type, location, construction type and sometimes your health. All can impact on what you borrow, and the rate offered.

Historically, most Equity Release rates are fixed for life. As a result of higher fixed rates, market confidence is relatively low, and many clients feel cautious about releasing funds to achieve their goals. Many take advantage of the flexible features in-built in many schemes which can allow them to service the interest so preventing interest being added to the sum borrowed. When the loan falls due for repayment and if interest has already been paid throughout the term, the sum owed from that initially borrowed has not changed. This allows the consumer to protect the remaining equity and indeed any capital growth in the intervening period in their house value to leave to their loved ones in the future.

At Equity Release Scotland one of our Advisers will be happy to visit you in the comfort of your own home and discuss all your long-term objectives without any obligation on your part. Indeed, Equity Release may not be right for you, especially if we can detect and advise upon other suitable alternatives. What ever happens, you can be confident you will receive the best, impartial, professional advice at all times, geared specifically to your unique needs.