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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The experts at Moneyfacts have once again scoured the equity release market to bring you those equity release providers and products that are deemed worthy of a Star Rating of four or five in 2018.
The Moneyfacts Equity Release Star Ratings are based on the weighting of specific features, outside of headline rates and fees, which are likely to be the most relevant to those looking to access cash tied up in their home. They help you whittle down the market by highlighting those products that have the most flexibility, accessibility and general ongoing quality.
So, if you're nearing retirement, or are already retired, and own your home, why not see if you can get some extra money by releasing some of the value that's in your property?
"The equity release market has recently broken through the £3 billion barrier for the first time, and this growing demand has sparked greater innovation among equity release providers," said Richard Eagling, editor of Investment Life & Pensions Moneyfacts. "Elderly homeowners looking to unlock cash from their homes now have an unprecedented range of equity release products and options to choose from.
"The annual Moneyfacts Equity Release Star Ratings provide consumers with a valuable insight into the quality of the equity release features on offer, outside of the products' key features."
To see the full list of winners, click here, or compare equity release schemes for yourself here. Not sure if equity release is for you? Read our FAQ.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
