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Discover the benefits of Canada Life Equity Release for UK property

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

How much money can I release?

You can achieve 70% of your home’s valuation. As an example, if your home is worth £280,000 you can release £196,000.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

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.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
  • 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
  • Fire service activities Coulsdon
  • Extraction of salt Snaith and Cowick
  • Temporary employment agency activities Halewood
  • Retail sale of sports goods, fishing gear, camping goods, boats and bicycles Stocksbridge
  • Manufacture of taps and valves Hatherleigh
  • Activities of trade unions Eastbourne
  • Post-harvest crop activities Southminster
  • Manufacture of loaded electronic boards West Malling
  • Other construction installation Oldbury
  • Other research and experimental development on natural sciences and engineering Grange-over-Sands
  • Manufacture of flat glass Redcar
  • Video production activities Egremont

 

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
  • More2Life 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
  • More2Life 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

Hodge Lifetime Retirement Mortgages

Just

LV Retirement Mortgages

Pure Retirement Retirement Mortgages

HSBC Equity Release Schemes

More2Life - Flexi Choice Lite

Pure Retirement - Classic Super Lite

Hodge Lifetime - Lump Sum Lifetime Mortgage

Legal & General - Flexible Blue

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.

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