Every rate on this page carries the lender it came from, the circumstances it is quoted against, and the date we last opened that lender’s own published rate sheet. Where we cannot verify a figure we leave it in brackets rather than leave last week’s in place.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
An advertised rate is a lender’s lowest rate on its cheapest product, quoted against one fixed set of circumstances. It is the floor of the market. Your age, your property, how much you want relative to what the house is worth, and whether you want to draw the money in stages will all move it, usually upwards.
See how much you could release →Three things decide whether a rate you have been shown means anything: which rate it is, what circumstances it was quoted against, and when somebody last checked it. A figure missing any of the three is not information.
MER is the monthly equivalent rate, AER the annual equivalent. Interest is added monthly and then earns interest itself, so the annual figure is always higher. Lenders usually advertise the MER. Compare one against the other and a plan looks cheaper than it is.
Every headline rate is quoted against a fixed set of circumstances. Ours is printed beside it at the top of this page. A different age, a different property value or a bigger loan relative to that value is a different rate.
A page updated this month can carry a figure from two years ago. Look for a date attached to the number itself, not a heading at the top. Ours sits under every figure on this page.
Equity release requires repaying any existing mortgage. Money released, plus accrued interest, would need to be repaid upon death or moving into long-term care.
Listed alphabetically, not by rate. This is not a best-buy table and there is no cheapest plan: the right lender depends on your age, your property and how you want to take the money, and only an adviser can work that out with you.
| Lender | MER | AER |
|---|---|---|
| Aviva | [6.41%] | [6.60%] |
| more2life | [6.42%] | [6.61%] |
| Pure Retirement | [6.20%] | [6.38%] |
Plans from the whole of the market will be considered, the features mentioned and the amounts raised, are subject to the lender's criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide you with an enhanced amount, if needed.
Lifetime mortgages are priced against long-dated government borrowing rather than the Bank of England base rate. When the government pays more to borrow for fifteen years, so do you. That is why equity release rates barely moved when the base rate did, and why they have stayed near 6% while everyone waited for them not to.
This series is incomplete and drawn from more than one source, so treat the shape as indicative and the individual points as sourced. We are publishing it in that state rather than filling the gaps with estimates.
Worth knowing if you are checking our work: the “15-year gilt yield” widely quoted in this industry is not a Debt Management Office benchmark. The DMO publishes 5, 10, 30 and 50 year averages and classes everything over fifteen years as long. The 15-year figure comes from commercial providers, so it should always be cited to the provider that produced it.
The Equity Release Council publishes market figures every quarter. These come from its Q2 2026 release, published 3 August 2026.
Source: Equity Release Council, Q2 2026 market report, published 3 August 2026. Checked 10 September 2026.
You will see 7.24% quoted as “the average equity release rate” across a great many websites, usually with this year’s date at the top of the page.
It is the Equity Release Council’s average APR for Q2 2025, published 24 July 2025. The Council has published no rate since. Its Q2 2026 release, the most recent, contains none. So a page printing it today is showing you a figure more than a year old, next to a date that suggests otherwise.
It is also an APR, which is not the same measure as the rate a lender advertises. An APR has the fees folded into it. So it cannot be subtracted from a headline rate to show what the market charges, and anywhere you see that done, including on this page before 10 September 2026, the sum is wrong.
We publish it with its real date rather than not at all, because the direction is genuinely useful. The Council put the same measure at 6.64% in Q2 2024, a year earlier, and attributed the rise to gilt yields. That is the comparison worth making, because it is one measure against itself.
What people ask once they have seen a rate and want to know what it means. None of this is advice.
An advertised rate is a lender's lowest rate on its cheapest product, quoted against one fixed set of circumstances. Your age, the value of your home, how much you want to borrow relative to that value, the property itself and whether you want a drawdown facility all move it. The lowest advertised rate is the floor of the market, not a quote.
MER is the monthly equivalent rate and AER is the annual equivalent rate. They describe the same loan. Because interest is added monthly and then earns interest itself, the annual figure is always the higher of the two. Lenders usually advertise the MER. Compare like with like, or a plan will look cheaper than it is.
On a lifetime mortgage the rate is normally fixed for the life of the plan, and Equity Release Council standards require that a rate is either fixed or, if variable, capped. Fixed means it will not rise, and it also means it will not fall if the market improves. Check the offer document, because this is a product feature rather than a guarantee that applies everywhere.
Lenders price lifetime mortgages against long-dated government borrowing rather than the Bank of England base rate, and they are lending for an unknown length of time with nothing repaid until the end. They also carry the no-negative-equity guarantee, which is a real cost. That is why the two rates move independently of each other.
Nobody can tell you that, and we are not advisers. What we can tell you is what the rate is today, what it was, and what it is priced against. Waiting also means being a year older, which raises the maximum you could release. An adviser has to weigh both against your circumstances.
Weekly. Every rate on this page carries the date we last opened the lender's own published rate sheet. Where we cannot verify a figure in a given week we leave it in brackets rather than leave last week's in place and hope.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
One qualified equity release adviser. They will go through your figures and tell you if there is a better answer. It costs nothing and commits you to nothing.
Google Analytics, Microsoft Clarity and Vimeo. Say no and none of them loads. What each one stores, and what Microsoft use theirs for.