Is the interest rate higher when compared to short term rates of interest?

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Given that the release is based on a lifetime mortgage, the lenders need to take a longer view on the interest rate and make projections about the right rate. This leads many lenders to erring on the side of caution, and this means that the rate is higher than what is seen in many short-term interest rates. It should also be remembered that the current rate of interest for short term loans is low, but in the past, they have been considerably higher, so it may be that over the lifetime of your agreement, the interest rate, which is fixed, will become more attractive than a short term option.

Is the interest rate higher when compared to short term rates of interest?

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