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Canada Life Equity Release With Free Valuation

Canada Life Equity Release

  • Remove tax-free equity from your property with Canada Life Equity Release
  • No need to make monthly payments
  • Free valuation
  • Use the money to pay off credit cards and loans
  • Stay living in your own home for as long as you like

How much can I release?

You can borrow 70% of your home’s valuation. For example, if your home is valued at £280000 you can borrow £196000.

  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
  • About You

Testimonials and Example Cases

julia-a

Julia A

My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.

RIO

Mrs M from Birmingham

With no brokers fees and no lenders fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and deposit for her next house. She wanted a family, and her flat was too small.

RIO

Mrs E from London

My mortgage needed to be repaid to the existing lender. I thought I was going to lose my house. Thanks to Concise I got equity release to pay off my mortgage.
david-p-london

David P

With my power of attorney, I got equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.
RIO

Mr Smith from Kendal

My financial advisor told me that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.

RIO

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.

mr-g

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

RIO

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.

RIO

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low-interest rate close to 2% and competitive with normal mortgages you would get by proving income. I have saved a lot of tax.

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

Raise money with your home
Cash tied up in home
Homeowner in their 70s
Money tied up in house

The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.

 

Small business owners detail likely with equity to release

  • Sound recording and music publishing activities Widnes
  • Wired telecommunications activities Long Sutton
  • Manufacture of cleaning and polishing preparations Swanscombe and Greenhithe
  • Manufacture of cider and other fruit wines Moretonhampstead
  • Manufacture of medical and dental instruments and supplies Penkridge
  • Manufacture of dyes and pigments Pocklington

 

Towns of the UK where Lifetime Mortgages are common

  • Penwortham
  • Lymington
  • Reading
  • Long Sutton
  • Alcester
  • Halifax
  • Southminster
  • Cinderford
  • Halstead
  • Guisborough
  • Porthleven
  • Totnes
  • Scunthorpe
  • Market Deeping
  • Bawtry
  • Pudsey
  • Winchcombe
  • Eccles
  • Harworth and Bircotes
  • Cleobury Mortimer

 

  • Bridgewater Equity Release
  • Canada Life Second Home Voluntary Select Plan
  • Liverpool Victoria LV Equity Release
  • More to life Capital Choice Plan
  • Nationwide Interest Only Lifetime Mortgage
  • Saga home reversion plan
  • Aviva Equity Release
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • HSBC Equity Release Schemes
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • More to life Flexi Choice Voluntary Payment Super Lite
  • More 2 Life Capital Choice Plus Plan
  • Lloyds Bank Equity Release
  • TSB Equity Release Plans
  • NatWest Interest Only Lifetime Mortgage
  • Pure Retirement Equity Release Plans
  • TSB Equity Release
  • More 2 Life Flexi Choice Voluntary Payment Super Lite

 

What percentage can be released?

The more elderly you are and the unhealthier you are the more tax-free money you can release.

HSBC Equity Release Brokers UK

Tough to mortgage home titles include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties without a kitchen or bathroom, properties with structural problems, timber buildings and properties that has never been registered with the land registry.

Hodge Lifetime Retirement Mortgages

Just

LV Retirement Mortgages

Pure Retirement Retirement Mortgages

Tough to mortgage home variants can include properties built or converted into dwellings more than 10 years ago, properties with a large number/scale of outbuildings, use of the land and any outbuildings for a small amount of personal commercial use., properties that have solar farms or a large number of wind turbines on the land and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

HSBC Equity Release Schemes

Difficult to mortgage property types include pre-fabricated reinforced concrete (PRC), properties with any externally applied insulation to the walls after construction, properties constructed or converted within the past 10 years, privately developed flats in blocks of five storeys or more and flats above or adjacent to commercial premises.

Hard to mortgage property types can include poorly maintained at the time of the valuation inspection, properties where the owner is set up on a tenancy in common basis, feuhold/freehold properties (including flats) in Scotland, properties where the customer is offering only part of the title as security for the loan and properties with single skin brickwork.

Do Canada Life do Equity Release?

Yes, Canada Life Equity Release is 2.05% MER.

More to life - Flexi Choice Lite

Popular loan to value ratios of Standard Chartered later life interest only mortgages over 60, Zurich lifetime mortgages for over 60s, Leeds Building Society interest only mortgages for people over 60, Skipton Building Society retirement interest only mortgages over 60, Newcastle Building Society retirement mortgages over 70 and Progressive Building Society over 60 mortgages are 45%, 55% and 65%.

Pure Retirement - Classic Super Lite

Some of the most common LTV ratios of Liverpool Victoria help to buy for over 60s, More to life interest only mortgages for over 65 year olds, One Family mortgages for people 60 plus, Yorkshire Bank retirement mortgages over 70, Metro Bank equity release schemes for people over 70 and Axa retirement interest only mortgages over 75 are 50%, 60% and 70%.

Hodge Lifetime - Lump Sum Lifetime Mortgage

Do Canada Life do Pensioner Mortgages?

Yes, Canada Life Pensioner Mortgages are 2.14% APR.

Popular loan to value percentages of TSB over 60 mortgages, Barclays Bank retirement interest only mortgages over 75, Post Office pensioner mortgages over 70s, Legal & General mortgages for over 65, Bank of Scotland later life interest only mortgages over 60 and Nationwide interest only retirement mortgages for over 70s are 35%, 55% and 65%.

Legal & General - Flexible Blue

Does Canada Life offer Retirement Mortgages?

Yes, Canada Life Retirement Mortgages are 2.17% MER.

Pitfalls of Canada Life Equity Release

Canada Life Equity Release can reduce the inheritance for your family. A monthly payment lifetime mortgage may impact the ability to claim benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.

UK Providers for Equity Release similar to Canada Life Equity Release

  • Sunlife Plans
  • Prudential Lifetime
  • Lifetime Mortgage from L&G

It’s usual to discover people looking for monthly payment lifetime mortgage, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Key Retirement like The Exeter Equity Release are keen to see proof of your personal situation in the form of pension statements.

Do Canada Life do Equity Release Under 55?

Yes, Canada Life Equity Release Under 55 is 2% MER.

Canada Life Equity Release percentages of your current property value examples

  • 55% home reversion plans Canada Life Equity Release
  • 50% loan to value home reversion plans Just Retirement
  • 40% loan to value lump sum lifetime mortgages Stepchange
  • 30% loan to value home reversion plans Prestige Finance
  • 55% loan to value monthly payment lifetime mortgage Together Money
  • 25% loan to value (LTV) home reversion plans Central Trust

 

Does Canada Life offer Lifetime Mortgages?

Yes, Canada Life does lifetime mortgages at 1.95% APR. Canada Life Lifetime Mortgages have a loan to value of 55%.

Some of the most common pensioner mortgage products include TSB interest only lifetime mortgages, Barclays over 60 mortgages, NatWest mortgages for 60 plus pensioners, Legal & General lifetime mortgages and Nationwide Building Society interest only mortgages for people over 70.