Mortgage Express unveils best-buy lifetime mortgage rates

Mortgage Express has repriced its Lifetime Mortgage and Lifetime Mortgage Extra products, propelling them into the lifetime sector's best-buy tables.

The specialist lender has significantly reduced rates on its lifetime mortgages and its Lifetime Mortgage now boasts a lifelong fixed rate of 6.29% alongside a product fee of just £599. The product is available at up to 45% loan to value (LTV).

On its Lifetime Mortgage Extra, a lifelong fixed rate of 6.55% is on offer to customers alongside a product fee of £599. The product is available at up to 55% LTV.

Kirsty Jackson, head of lifetime mortgages at Mortgage Express, said: “Our best-buy lifetime mortgages are ideal for customers aged 60 or above who are looking to unlock equity from their homes. By opting for a highly competitive interest rate that is fixed for the life of the loan, customers gain peace of mind because they know precisely what their commitment will be at any time in the future. Neither of our lifetime products has an upper age limit in place, enabling older customers to take advantage of the great rates on offer too."