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
How Much Would You Like Borrow/Release?*
Please enter a number from 3000 to 2000000000.
Value of your property*
Please enter a number from 30000 to 100000000.
Approximate outstanding mortgage you have on your property (if applicable)
Leave blank if no mortgage outstanding
About You
Name*
First Last
First Line Of Your Address:*
Your Postcode:*
Date of Birth*
Your Email Address:*
Phone Number*

Testimonials and Example Cases

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.

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.

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

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.

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.

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 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.

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.

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
How Much Money Would You To Like Raise?*
Please enter a number from 4000 to 20000000.
Estimated Value Of Your Property?*
Approximate outstanding mortgage you have on your property (if applicable)
Leave blank if no mortgage outstanding
About You
Name*
First Last
Phone*
Date of Birth*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*
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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.

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.

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.

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%.

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%.

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%.

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.

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