As of April 2025, the interest rates for lifetime mortgages in the UK vary widely and depend on several factors, including the borrower's age and the amount of equity released relative to their property's value. For a 66-year-old borrower looking to access approximately 33% of their property's value, the following summarizes the current market offerings from various lenders:

1. Lowest Rates: The lowest equity release interest rate available is currently around 5.79% to 6.25%. According to a review from Money Saving Guru, the range for lifetime mortgage rates starts at 5.79%, with some specific offerings reaching up to 6.25% as of early April 2025.

2. General Market Range: Other sources indicate that the rates you can expect may range slightly higher, with competitive rates identified ranging from 5.94% to 6.28%. This means that if a borrower is planning to release equity, they should be prepared for rates within this spectrum.

3. Comparative Context: While the lowest market rates can be appealing, it’s crucial to keep in mind that the highest rates can reach up to 8.64%. While such rates are often less attractive, they may still be offered depending on specific borrower circumstances, such as property value and potential health considerations.

4. Additional Resources for Comparing Lenders: Those interested in exploring their options further can refer to several comparison platforms that provide detailed tables on equity release interest rates from various lenders. Notably, Money Release and Later Life Planning offer tools to directly compare interest rates, which can be especially helpful for identifying the most suitable products for individual needs.

In conclusion, potential borrowers considering a lifetime mortgage should anticipate interest rates between 5.79% and 6.25%, but they should also be aware of the higher rates that exist in the market. Making use of comparison tools will be beneficial in securing the best possible deal tailored to personal circumstances.

Sources

Lowest Equity Release interest rates: April 2025Compare Equity Release Interest Rates - Correct April 2025Current Mortgage Rates UK 2025 - NerdWalletWhat are the best equity release rates for April 2025?Lifetime Mortgage Interest Rates: Key Factors (2025) - Every InvestorLifetime Mortgage Calculator - Legal & GeneralThe Best Lifetime Mortgage Rates in the UK in 2025

Related Questions

How do you calculate lifetime interest on a mortgage?

What is the estimated mortgage interest rate for 2025?

What are current UK mortgage interest rates?

What is the equity release rate for 2025?