Equity release rates drop – is it worth unlocking cash from your home?

Lifetime mortgage rates are falling from their record highs - is equity release worth another look?

woman signing contract
(Image credit: Getty Images)

Equity release rates are starting to drop from their record highs, giving older homeowners more options if they are looking to release cash locked up in their property.

The appeal of equity release has dampened in recent months as rates rise and house prices fall.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.