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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 Interest is only paid on money which is withdrawn, so this type of plan can keep costs down.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
Pure
Sovereign A
3.69
%
Canada Life
Lifestyle Select Ultra Lite Flexi
3.72
%
LV
Drawdown+ Lite
3.73
%
Standard Life
Horizon 300
3.75
%
Canada Life
Lifestyle Select Super Lite Flexi
3.77
%
m2l
Capital Choice Ultra Lite
3.87
%
L&G
Premier Flexible Black
3.98
%
m2l
Flexi Choice Super Lite
4.05
%
Pure
Classic Super Lite
4.05
%
Scottish Widows
Lifetime Mortgage FR1
4.24
%
Aviva
Lifestyle Flexible Option
4.31
%
Just
Just for You Lifetime Mortgage
4.54
%
Last updated:
May 6, 2022

* Equity Release Council: Q1 2022 equity release market statistics

Equity Release Providers Compared

Aviva
Canada Life
Just Retirement
LV
Legal & General
One Family
Pure Retirement
Scottish Widows
Standard Life
more2life
Have an existing equity release 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.

*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.

Best Equity Release Rates is a website which acts as an information source for consumers interested in equity release plans. The lenders shown offer specialists. Each company shown is authorised and regulated by the Financial Conduct Authority (FCA).

Best Equity Release 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 nd may not reflect the rate you are able to achieve, which is based upon more information about your situation and property.

Unleash Equity - 16 Tichborne St, Brighton, East Sussex BN1 1UR.
Company Number: 12232003 Registered in England & Wales.

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