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Equity Relese Council

Drawdown Equity Release Interest Rates

Below is a list of some of the most competitive rates available for drawdown equity release plans.

Drawdown facilities allow customers to withdraw money in stages rather than taking a lump sum in one go. Interest is only paid on money which is withdrawn, so this type of plan can keep costs down.

Drawdown lifetime mortgages are the most popular option with new customers, with 54% opting for this type of equity release plan.**

To view features of the products, check your eligibility and find out how much tax free cash you could release, click 'More Info'.

Provider
Product
Fixed Rate (MER)*
J1 Green IO
J1 Green IO
6.15
%
Drawdown Lifestyle DD1
Drawdown Lifestyle DD1
6.20
%
Horizon 200 Drawdown
Horizon 200 Drawdown
6.26
%
Capital Select Ultra-Lite Flexi
Capital Select Ultra-Lite Flexi
6.46
%
Optional Payment 4
Optional Payment 4
6.46
%
Standard Drawdown
Standard Drawdown
6.54
%
Sovereign Drawdown
Sovereign Drawdown
6.76
%
Last updated:
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** Equity Release Council: Q1 2022 equity release market statistics

Have an existing lifetime mortgage plan and you'd like to switch to a lower rate?

Click here to send a qualified equity release specialist your question.
The products shown are  lifetime mortgages. Drawdown lifetime mortgages allow you to take an initial lump sum with a pre-authorised amount that can be accessed whenever required. Other retirement mortgage products are be available from our trusted advisor partners. Rates shown are Monthly Equivalent Rate and shows interest over the year but divided over every month.

* Monthly equivalent rate (MER). Rates shown are subject to terms and conditions. Rates are absolute lowest available on the plan stated. Enquire for more details and to find out if you and your property could be eligible for the rate. No obligation or pressure to go ahead and no up-front costs.

Lifetime Mortgage Rates is a trading style of Greywood Digital Ltd and is a non-advised business, that connects you to Financial Conduct Authority Regulated mortgage specialists who are approved to give advice for these products.

This is a marketing website which acts as an information source for consumers interested in these products from lenders who offer specialist mortgages for later life, allowing you to compare the best rates from the UK's leading equity release providers.

Would you like an idea of the maximum loan? Then use this Lifetime Mortgage Calculator. Lifetime Mortgage Rates are not authorised to give advice and we are not liable for any advice provided by, or obtained through a third party. To understand the features and risks, ask for a personalised illustration.

The information published on this website is for information purposes only.



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