• Remove tax-free money from your property with Sunlife equity release
• It is not necessary to make regular monthly payments with Sun Life equity release
• Help a member of your family buy their own home that they couldn’t afford otherwise
• Free valuation
• Stay living in your own home
• It can be used to optimise tax planning

How much cash can I get?

You can get 65% of your home’s value. For example, if your house is valued at £330000 you can get £214500.

Customer Testimonials

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.

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 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 Daly from Glasgow

My daughter lives in the states and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son to be born and a years rent in advance for a new flat for the baby.

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.

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.

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.

Sandra from Manchester

I got equity release to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible.

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 providing income. I have saved a lot of tax.

Ms T from Hammersmith

My husband recently died, leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.

Exploring Sun Life Retirement and RIO Mortgages

Sun Life offers a range of retirement mortgage options designed to help homeowners access funds tied up in their property while staying in their homes. Sun Life Retirement Interest-Only (RIO) mortgages specifically cater to individuals looking for a way to manage finances in retirement by paying only the interest on the loan, leaving the principal untouched.

What is a Sun Life RIO Mortgage?

A RIO mortgage from Sun Life allows retirees to make interest-only payments on the loan, which can help manage monthly expenses while maintaining home ownership. This type of mortgage is ideal for individuals needing flexibility and who want to avoid downsizing. For instance, if you’re considering options for selling without an EWS1 certificate or have specific property needs like single skinned wall houses, a RIO mortgage could provide an alternative financial solution.

Benefits of Sun Life Retirement Mortgages

Sun Life’s retirement mortgages offer flexibility to access funds based on the equity in your home, with interest-only payments allowing you to retain ownership. This option can be particularly helpful if you need cash for other investments or to manage everyday expenses. For those with unique property types, like timber-framed homes or a BISF house, Sun Life’s mortgage solutions can support the specific financing needs associated with these structures.

Is a Sun Life RIO Mortgage Right for You?

If you own a property that may be challenging to sell or refinance, such as a home near infrastructure or with a shorter lease, Sun Life’s RIO mortgage might be a suitable option. For example, if you’re selling a short lease flat quickly for cash or looking at selling a house near overhead powerlines, a RIO mortgage can provide a manageable way to release funds without needing to sell the property.

Financing Flexibility for Unique Properties

Sun Life’s retirement mortgages can also be a solution for non-standard properties like flats above shops, offering a pathway to financial stability while allowing homeowners to remain in place. If your property fits into unique categories, consulting with Sun Life or a specialised mortgage adviser can help ensure that you find the right financial product to suit your retirement needs.

For retirees seeking to release equity, Sun Life’s RIO and retirement mortgage options provide valuable flexibility, catering to both traditional and unique property needs. With the option to retain ownership while accessing funds, these mortgages offer a practical alternative to downsizing or selling outright.

It’s usual to encounter people seeking out lump sum lifetime mortgages, monthly payment lifetime mortgages, or lifetime mortgages with flexible drawdown cash release. However, Sunlife Plans like VitalityLife Equity Release provider is keen to see paperwork showing your situation in the form of bank statements.

Hard-to-mortgage home variants include homes requiring essential repairs, properties where tenants live in a self-contained part of the property, right to buy – properties in Scotland, properties which are made up of multiple titles and properties with single-skin brickwork.

Hard-to-mortgage property types include difficult roof structures, properties with any externally applied insulation to the walls after construction, large concrete panel systems, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats with level access to private or communal garden space.

Tough-to-finance home variants include properties built or converted into dwellings more than 10 years ago, properties converted from modern commercial premises, properties with more than one annexe or self-contained part of the property, properties with mobile phone masts which are not within influencing distance of the house and properties where Japanese Knotweed is present.

Tough-to-finance home variants can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, properties without a kitchen or bathroom, derelict property or where part of the building is in severe disrepair and needs demolishing, asbestos construction and missing planning permission or building regulations approval.

• Hodge Lifetime Flexible Drawdown Plan equity release over 55
• Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
• More to Life Tailored Choice Plan
• Lloyds Bank Equity Release Plans
• L&G Legal & General Flexi Max Voluntary Repayment Plan
• Lloyds Bank Equity Release Schemes
• TSB Equity Release Plans
• Royal Bank of Scotland Max Equity Release Schemes
• Hodge Equity Release Schemes
• Just retirement equity release key features
• Stonehaven Lifetime Mortgage
• More to Life Tailored Choice Plan
• Age Partnership Lifetime Mortgage
• Aviva Equity Release company
• Hodge Lifetime Mortgage Plus
• TSB Equity Release from House Plans
• Saga Lifetime Mortgage
• Age Partnership Lifetime Mortgage

Towns in the UK where Sunlife Equity Release house are common

• Middlesbrough
• Thorne
• St Ives
• Tavistock
• Midhurst
• Edmonton
• Bentham
• Polegate
• Louth
• Clare
• Spilsby
• Pudsey
• Broseley
• Brampton
• Callington
• Guisborough
• Burgess Hill
• Blandford Forum
• Newmarket
• Lowestoft
• Pickering

Aviva Lifetime Mortgages

Pure Retirement Mortgages

Just Equity Release

LV Mortgages

LV Lifetime Mortgages

Drawbacks of Sunlife Equity Release Companies UK

Home reversion schemes can reduce your estate value. Monthly payment UK equity release on the house may impact entitlements to benefits. You may need to pay a broker’s fee and could be exposed to changes in interest rates with some products.

Some of the most common loan-to-value ratios of Standard Chartered mortgages for people over 50, Direct Line interest only mortgages for those over 60s near London, Sainsbury’s interest only lifetime mortgages for over 60s, Skipton Building Society interest only mortgages for over 70s, West Bromwich Building Society retirement mortgages over 70 and Progressive Building Society later life interest only mortgages over 60 are 50%, 55% and 65%. To release house equity you could consider over 50 equity release from house.

Sun Life Equity Release loan percentages of your current property value comparison

• 50% lifetime mortgage with flexible drawdown cash release Zurich
• 50% LTV home reversion schemes the Telegraph
• 30% loan to value interest-only lifetime mortgages, Marsden
• 60% LTV lifetime mortgage with flexible drawdown cash release More to life
• 45% LTV monthly payment lifetime mortgage LV lifetime mortgage
• 25% loan to value monthly payment lifetime mortgage Virgin Money PLC

Does Sunlife do Equity Release products?

Yes, Sunlife Equity Release UK is 2.07% MER.

• Yorkshire Bank Equity Release From Property
• Barclays Retirement Interest Only Mortgage On Second Property
• Nationwide Lifetime Mortgage Maximum Ltv
• BISF Equity Release Drawdown
• YBS Lifetime Mortgage Drawdown Scheme

Sun Life Equity Release Interest Rates

Sun Life Equity release interest rates are currently 4.91% fixed for life, with a free valuation, no advisor fees, and free solicitor fees.

• nationwide mortgages for over 60s Retirement Mortgages House
• Natwest Retirement Mortgage Comparison
• British iron and steel federation house equity release
• Halifax Equity Release From Property

The Sunlife Equity Release Calculator for 2024

When using the Sunlife equity release calculator, you can borrow up to 60% of the value of your home, at a fixed interest rate of 3.91% with no product fees, no lender fees, a free valuation, and a complimentary in-house solicitor.

• Lloyds Bank Equity Release Retirement
• Bad Credit Mortgage House
• Best Mortgages For Over 50s Retirement Mortgage Age
• Tipton & Coseley Mortgage Reviews
• Nationwide Retirement Mortgage Calculator
• Nationwide Equity Release Scheme
• Natwest Equity Release Plan
• Age Partnership Interest Only

Popular loan-to-value ratios of LVE lifetime mortgages for people over 55, More to Life later life mortgages for over 60s, One Family interest only mortgages for people over 60, Yorkshire Bank later life mortgages for over 60s, Principality Building Society interest only mortgages for over 60s near London and Axa mortgages for over 70s are 50%, 55% and 70%.

Does Sunlife do Pensioner Mortgages?

Yes, Sunlife Pensioner Mortgages are 1.98% APR.

How much is it expected to release from home with Sunlife equity release companies

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

Retired business owners that may be interested in Sunlife equity release Schemes

• Manufacture of printed labels Hyde
• Wholesale of agricultural machinery, equipment, and supplies Finchley
• Retail sale of games and toys in specialised stores in Harpenden
• Sports and recreation education Newton-le-Willows
• Activities of exhibition and fair organisers Heanor and Loscoe
• Activities of professional membership organizations Portland
• Lead, zinc and tin production Wimbledon
• Manufacture of watches and clocks Sawbridgeworth
• Wholesale of meat and meat products Bakewell
• Research and experimental development on social sciences and humanities Cranbrook
• Manufacture of bodies coachwork for motor vehicles except for caravans Hawes
• Retail sale via stalls and markets of food, beverages, and tobacco products Boroughbridge
• Agents specialized in the sale of other particular products Bingley
• Manufacture of fluid power equipment Sandbach
• Other building and industrial cleaning activities Olney
• Veterinary activities South Shields Home equity release in UK
• Repair and maintenance of ships and boats Buxton
• Manufacture of imitation jewellery and related articles Lyme Regis

Popular loan-to-value ratios of Lloyds interest-only mortgages for people over 60, interest only mortgages for over 70s, Halifax mortgages for pensioners over 60, Legal and General over 60 lifetime mortgages no fees, Royal Bank of Scotland retirement interest only mortgages over 75 and Nationwide BS mortgages for over 70s are 45%, 55% and 65%.

Does Sunlife do Retirement Mortgages?

Yes, Sunlife Retirement Mortgages are 2.12% MER.

The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is a Private Tenant.

UK Lenders for 55 plus Equity Release similar to Sunlife Equity Release over 50

• Age Partnership
• Stonehaven
• Bower
• Norwich Union
• Sunlife Equity Release advice

Does Sunlife offer Equity Release Under 55?

Yes, Sunlife Equity Release Under 55 is 1.97% MER.

Sun Life Equity Release Plans

If you are looking for a low-rate, no-fee home equity release service, consider Sun Life Equity Release Schemes.

Standard retirement finance offerings include Lloyds Bank later life mortgages, Barclays Bank retirement mortgages, Post Office interest only mortgages for over 70s, L&G interest only lifetime mortgages and Nationwide mortgages for over 65.

Does Sunlife offer Lifetime Mortgages?

Yes, Sunlife does lifetime mortgages at 2.13% APRC. Sunlife Lifetime Mortgages have a loan-to-value of 65%.

Releasing equity from house in 2024

If you have an old mortgage you need to repay, you may need advice on equity release for over 50s. You should think hard before releasing equity from a house. The common question is, can you equity release at 50? The answer is with some equity release companies in the UK.

Understanding Lifetime Mortgage Interest Rates Over 60

Equity living in a home represents the portion of the home you truly own. As you pay off your mortgage, your equity increases. When you are over the age of 60, you might consider using the equity in your home to secure additional finances through a lifetime mortgage. This loan is taken out against the value of your home and repaid, with interest, when you pass away or move into long-term care.

What is Equity Release?

Equity release offers homeowners over a certain age, typically over 55 or 60, a way to release money from their property. It comes in two main forms: lifetime mortgages and home reversion plans. The equity release market has been growing steadily in the UK. When considering equity release, it’s essential to know about the various providers in the industry, including the best equity release company for your circumstances.

The Different Types of Equity Release Schemes

Several types of equity release schemes are available, and it’s crucial to understand each to determine the best option for your needs.

Lifetime Mortgages

Standard life lifetime mortgages, a type of equity release scheme, allow you to take out a loan against your home. There are no monthly repayments; instead, the interest accumulates over time and is repaid when you sell your home or move into care. Companies like Standard Life Home Finance and More to Life Equity Release offer these products. Reviews like more-to-life equity and standard life equity release reviews can provide insight into customer experiences with these products.

Home Reversion Plans

With home reversion plans, you sell a part or your entire home in exchange for a lump sum or regular income. However, you can continue to live in the property rent-free until you die or move into care.

Key Considerations Before Choosing Equity Release

When considering equity release, especially in Northern Ireland or elsewhere in the UK, you must weigh your options carefully. Here are some points to ponder:

• Standard Life Adviser Contact Number: Always have a direct line to get all your queries answered. The standard life adviser contact number can be handy to discuss your options with professionals.
• Equity Release on Rented Property: Equity release is generally impossible on a rented property. It’s typically only available for homeowners.
• Equity Release Solicitors Near Me: Before proceeding, it is wise to seek legal advice. Searching for “equity release solicitors near me” can help you find a local expert to guide you.
• Can I Move House with Equity Release?: Some plans might allow you to move your equity release to a new property, but conditions apply.
• Standard Life Mortgages: Familiarise yourself with Standard Life Mortgages’ offerings. They have various products tailored to different needs.
• Access Equity Release: Understand how and when you can access the funds from your equity release.

Potential Pitfalls of Equity Release

• Signing House Over to Avoid Care Costs: Some people consider equity release to avoid care costs, but this can have implications for means-tested benefits.
• Equity Release at 50 or Under 55: While some providers offer equity release to those under 55, like 50 equity release or release equity in house under 55, the interest can accumulate for a longer period, leading to a larger debt.

Matilda Brennan’s Insight on Sun Life Equity Release

As someone who has always approached financial decisions with caution and thorough research, I, Matilda Brennan from Wolverhampton, turned to the Sun Life Equity Release for my retirement needs. The process was made significantly easier with the Sun Life Equity Release Calculator, which provided clarity and transparency right from the start. I was impressed by the competitive Sun Life Equity Release Interest Rates, which assured me of their fairness in dealing. Reading through various reviews on Google Reviews, Trustpilot, and Reviews.io only solidified my decision, showing a pattern of satisfied clients who had benefited from their services.

Evelyn Howe’s Experience with Sunlife Equity Release

I am Evelyn Howe from Manchester, and after years of considering my options for a comfortable and secure retirement, I decided on Sunlife Equity Release. The decision was not made lightly, but I felt confident after utilising the Sun Life Equity Release Calculator and comparing the interest rates. The reviews on Google Reviews and Trustpilot echoed my sentiments, providing a multitude of positive experiences from individuals in similar situations. Seeing such consistent praise for their services and customer care was reassuring.

Logan Noble’s Reflections on Sun Life Equity Release

My name is Logan Noble from Chelmsford. When it came to securing my financial future, I sought a reliable and favourable solution regarding interest rates. The Sun Life Equity Release caught my attention, particularly for its favourable reviews across Google Reviews, Trustpilot, and Reviews.io. Utilising the Sun Life Equity Release Calculator provided a clear picture of what to expect, and the Sun Life Equity Release Interest Rates were among the most competitive I found. This combination of transparency, value, and positive feedback made my decision a straightforward one.

Harriet Blake’s Review of Sunlife Equity Release

As Harriet Blake from Exeter, delving into the realm of equity release was a decision made with great consideration. The Sunlife Equity Release stood out not only for its favourable terms but also for the wealth of positive feedback found on platforms like Google Reviews, Trustpilot, and Reviews.io. The Sun Life Equity Release Calculator was an invaluable resource, allowing me to understand the potential outcomes of my decision. The transparency and client-focused approach were evident through every step, making my journey with Sunlife Equity Release a commendable experience.