Equity release or a later life remortgage?

Releasing equity is not the only way to borrow against your home in later life. A standard later life repayment mortgage lets you borrow the same amount and pay it off over a set term, which clears the debt instead of letting it grow. This tool compares the long run cost of each, and shows the monthly payment a repayment mortgage would need.

Amount you borrow (£)

Equity release rate (% per year)

Remortgage rate (% per year)

Repayment mortgage term (years)