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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
  • Your Requirements

  • About You

  • Please enter a number from 25 to 110.
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Southfields

Old money house
Money tied up in home

Its common to find people searching for lumpsum 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 personal situation in the form of investment statements.

Home equity

Equity Release UK Providers

Southfields

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 own 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 70s

What percentage can be released?

  • 55% monthly payment equity release Legal & General
  • 25% loan to value monthly payment life time 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 life time mortgage or monthly payment equity release, however, Aviva like LV Liverpool Victoria are eager to see evidence of your personal circumstances in the form of pension statements.

Pitfalls of Home Reversion Schemes

Home reversion schemes can reduce the value of your estate. 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.