Canada Life UK Equity Release

  • Remove money from your property with Canada Life
  • No monthly repayments
  • Help your family with the money you release
  • Continue to stay in your house
  • Canada life can do equity release on Buy to Let, 2nd Homes, Holiday homes and other property that is not your primary residence
  • Your Requirements

  • Please enter a number from 5000 to 2000000000.
  • About You

  • Date Format: DD dot MM dot YYYY
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RIO retirement interest only mortgages for people on a pension
retirement interest only mortgage lenders

5 Year Chart of 10 Year Interest Rates
5 Year Chart

retirement interest only mortgage for UK pensioners
Money tied up in home

It’s common to find people searching for lump sum lifetime mortgages, lump sum lifetime mortgages or home reversion plans, however, Lifetime Mortgage from L&G like The Exeter Equity Release are keen to see evidence of your situation in the form of investment statements.

Home equity

Equity Release UK Providers

retirement interest only mortgage lenders

Benefits of Lifetime Mortgages

Often used to optimise tax planning and interest rates can be quite low. Use the money to keep another family member away from a high loan to value mortgage or pay off your debts like loans and credit cards so you can spend more of your monthly income.

Current Canada Life Products

Canada Life – Landlord Voluntary Select Plan
Canada Life – Second Home Voluntary Select Plan
Canada Life – Voluntary Select Gold
Canada Life – Voluntary Select Gold Flexi
Canada Life Interest Select Gold Flexi
Canada Life Lifestyle Gold Flexi
Canada Life Lifestyle Lite Flexi
Canada Life Prestige Flexi Option

Homeowner in their 70shitachi interest only retirement mortgage



What percentage can be released?

  • 55% monthly payment equity release Legal & General
  • 25% loan to value monthly payment lifetime mortgage Prestige Finance
  • 55% LTV monthly payment lifetime mortgage Equifinance
  • 25% loan to value lump sum lifetime mortgages Fleet Mortgages

The lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.

Equity Release UK Providers

It is common to discover individuals searching for interest-only lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release. However, Aviva like LV Liverpool Victoria is eager to see evidence of your circumstances in the form of pension statements.

Pitfalls of Home Reversion Schemes

Home reversion schemes can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim benefits. You may need to pay a valuation fee, and you could be exposed to changes in interest rates with some products.

What percentage can be released?

The older you are, and the sicker you are, the more cash you can release.