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Equity Release Comparison: Compare Equity Release Deals

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Equity release comparison is key to finding the right solution for your specific needs.
Later Life Finance compare the whole market to help simplify the process for you.

Equity release comparison is key to finding the right solution for your specific needs. Later Life Finance compare the whole market to help simplify the process for you.

Author: Paul Murphy Later Life Finance

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Quick guide

Compare equity release rates & find a suitable lender (2026)

The right provider depends on your priorities. Find your match below, then click View rates ↓ on any card to jump straight to their rate in the table.

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Lowest Rate
Legal & General
Consistently competitive MER rates, often among the keenest on the whole-of-market for standard cases.
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Maximum Release
More2Life
Highest LTV ratios available, especially for enhanced cases. Pioneer of health-based underwriting since 2008.
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Health-Enhanced Rates
More2Life / Just
Medical underwriting can significantly improve rates or release amounts if you have qualifying conditions.
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Flexibility & Drawdown
Aviva
Award-winning drawdown plans with up to 10% voluntary repayments per year and inheritance protection options.
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Inheritance Protection
Aviva / L&G
Both offer ring-fenced inheritance guarantees, letting you protect a fixed percentage of your property's value for family.
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Service Quality
Pure Retirement
Winner of Best Provider for Service at the 2025 Equity Release Awards. Dedicated later life specialist since 2013.
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Flexible Borrowing Options
Canada Life
Broad product range including lump sum and drawdown, with optional downsizing and payment term protections.
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Mutual Heritage & Trust
Royal London
UK's largest mutual insurer. Competitive rates with a strong no-negative-equity guarantee and robust later life proposition.
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Competitive Entry Rate
LV= (Liverpool Victoria)
Frequently offers some of the lowest entry-level rates on the market, making them strong for straightforward lump sum cases.
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Later Life Specialist
Livemore
Exclusively focused on the 55+ market. Broad eligibility criteria and consideration of interest-only and RIO products alongside lifetime mortgages.
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2026 Rate guide

Comparison of equity release interest rates by provider

Later Life Finance compare plans from the whole market. Interest Rates are fixed for life on lifetime mortgages and drawdown rates are based on applicable terms at the time of further borrowing. The figures below are indicative market ranges — your personal rate will depend on age, property value, health, and chosen features.
Please request a quote & illustration when comparing live market rates.

Provider Get a Quote Indicative Rate (MER) Drawdown Voluntary Repayments Notable Award
Legal & General Get Quote 6.50% – 7.50% ✓ ✓ up to 10% 🏆 Best Products 2025 ERC
Aviva Get Quote 6.50% – 6.90% ✓ ✓ up to 10% 🏆 Best Lender 2025 WM
More2Life Get Quote 6.60% – 6.80% ✓ ✓ up to 10% 🏆 Times Money Mentor
Canada Life Get Quote 6.90% – 6.95% ✓ ✓ up to 10% —
Pure Retirement Get Quote 6.80% – 6.85% ✓ ✓ up to 10% 🏆 Best Service 2025 ERC
Just Get Quote 6.90% – 7.00% ✓ ✓ up to 10% —
Royal London Get Quote 6.50% – 6.90% ✓ ✓ up to 10% —
Livemore Get Quote 6.80% – 6.95% ✓ ✓ up to 10% —
LV= (Liverpool Victoria) Get Quote 6.48% – 6.80% ✓ ✓ up to 10% —

Important: Rates shown are indicative market ranges for 2026 and are subject to change daily. Your personal rate will depend on your age, property value, health, chosen features, and current market conditions. All rates shown are Monthly Equivalent Rate (MER) and are fixed for the life of the plan. Independent advice from a whole-of-market adviser like Later Life Finance is the only way to confirm the rate available to you. Rates correct to the best of our knowledge — always request a personalised illustration before proceeding.

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Registered providers

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Summary

When comparing equity release plans, using a qualified equity release adviser who is Equity Release Council registered will ensure you receive independent, expert advice. 

Later Life Finance are members of the equity release council and a whole of market broker for your peace of mind. To book an appointment with an expert without any obligation click here

Dealing with an expert adviser to compare the equity release market and top schemes available is crucial to match your requirements with the most appropriate solution available.

We compare equity release plans on an impartial basis as a specialist broker to ensure you secure the best deal. 

Equity release FAQs

The main downside to equity release is the effect of compound interest on the most common type-the lifetime mortgage. However, this interest effect can be avoided or reduced with voluntary repayments. The equity release council included voluntary repayments as a requirement for lenders to meet their strict codes of conduct. The ability to make voluntary, penalty-free partial repayments was made a compulsory feature for all products to meet Equity Release Council standards from March 2022.
Prior to finalising your decision on equity release, it is crucial to seek financial guidance with a qualified equity release adviser. Discussing your plans with an independent equity release adviser will enable you to compare the whole market, and your adviser will identify the most suitable solution to match your specific circumstances. Additionally, should you opt to proceed with equity release, it is essential to obtain legal advice. Your adviser will be able to suggest an independent solicitor who specialises in equity release.
While Martin Lewis does not provide a direct endorsement for equity release, he acknowledges that under specific circumstances, it can be a viable solution to access funds tied up in your home to meet living costs and provide financial security. Where downsizing has been ruled out, for example, Martin Lewis has a balanced view on the concept of equity release and it's benefits to homeowners seeking extra funds in later life, and advises independent advice on equity release is obtained.
Equity release provides you with a cash lump sum or a drawdown facility to take the cash over a longer timeframe. The "catch" with equity release is that the money released from your home, plus interest will need to be repaid when the property is eventually sold. With a Lifetime Mortgage, you will owe the money borrowed plus the loan interest accrued. If you make voluntary repayments to the mortgage this will help reduce the amount of interest repayable on the mortgage, and will help maximise any inheritance your beneficiaries may receive.
It takes between six and eight weeks for an equity release application to complete and to receive your funds. The timescale depends on whether you have a mortgage to repay from the money taken, and whether there are any legal processes which may delay the process, such as moving home or changing the title.
A lasting power of attorney, or LPA is not required to setup an equity release plan. However, having an LPA in place is important to ensure access to further funds from a drawdown plan if you ever lose capacity to make your own decisions, or cannot sign your wishes for physical reasons, such as a stroke. If you have not set up an LPA and it is required, the Court will need to appoint a deputy for you. Planning ahead is prudent to ensure you have arranged such measures in case an LPA is required in the future, and this can save a great deal of stress if and when the time comes to use the LPA.
Equity release funds are tax-free and can be used for anything you wish (providing any existing mortgage is repaid from the funds). Popular uses of equity release funds include repaying mortgages and unsecured debt, home improvements, a cash boost, purchasing second homes, and helping family with a financial gift.
Lifetime mortgages are the most popular form of equity release and provide the flexibility to move home and make voluntary payments, if preferable. Equity release customers unlocked £1.6 billion in property wealth in Q2 of 2022. (Equity release council)
An equity release application should take around eight weeks until you receive your equity release funds. This depends on whether you have an existing mortgage to repay and if any changes to the title are required, which can increase the timescale to arrange.
The lowest Equity Release rate is currently 6.36% (Monthly Equivalent Rate) fixed for life. The highest interest rate in the market is currently 9.50% (Monthly Equivalent Rate).