Announcing the Lowest Ever Interest Rate for the lifetime mortgage market: 2.96%MER*
Over the last 12 months we’ve seen new providers come into the lifetime mortgage market, which has generated new product innovation.
The latest product available comes with a headline rate of 2.96%, the lowest Equity Release Council approved interest rate the market has ever seen!
*This new, variable rate plan is based on the product margin of 2.96%, plus the annual Consumer Price Index (CPI). It is capped at 8%.
This new lifetime mortgage plan illustrates how the 55+ lending market is evolving:
- The market grew by 16% last year
- The first quarter of 2016 showed growth of 21%
If you need any information or have any questions about your mortgage please contact 1st Financial Foundations, because we are independent we have access to the whole market and can advise on your individual circumstances. Speak to an adviser today on 01908 523 420 or email info@95.154.196.167
