2.78% APR Canada Life Lifetime Mortgage Options

Release tax-free equity from your home with a Canada Life Lifetime Mortgage
Get money from your btl property, 2nd home, holiday home, or other property you don’t live in yourself
You don’t need to make regular monthly payments
Help your family to buy another home
Are you still paying a mortgage? We can help with that
Stay living in your own home for as long as you like
Often used to optimise tax planning

How much can I get?

You can get 65% of your property’s value. For example, if your home is valued at £220,000 you can borrow £143,000.

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5 Year Chart of 10 Year Interest Rates — 5 Year Chart

It’s very regular to find individuals searching for home reversion schemes, lifetime mortgage with flexible drawdown cash release or monthly payment equity release, however, Lifetime Mortgage from L&G like Old Mutual Wealth is keen to see proof of your circumstances in the form of investment statements.

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

These are current Canada Life UK deals listed above

UK Equity Release Scheme Lenders

Telephone:

02087486233

Does Canada Life offer Pensioner Mortgages?

Yes, Canada Life Pensioner Mortgages are 2.78% APRC.

Uses of Equity Release Schemes

Can be used to optimise tax planning and interest rates can be attractive. A low-cost way of helping the family to buy their own home or pay off your debts like loans and credit cards, so you have more monthly disposable income.

Does Canada Life offer Retirement Mortgages?

Yes, Canada Life Retirement Mortgages are 2.78% MER.

Equity Release Loan To Value

60% home reversion schemes Legal & General
25% loan to value lifetime mortgage with flexible drawdown cash release Shawbrook

The 1st and 2nd charge 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 AST Tenant.

Do Canada Life do Equity Release Under 55?

Yes, Canada Life Equity Release Under 55 is 2.78% APRC.

Equity Release UK Providers

It is usual to discover individuals looking for lump sum lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release, however, Age Concern like Maximum cover Equity Release are eager to see evidence of your situation in the form of investment statements.

Does Canada Life offer Lifetime Mortgages?

Yes, Canada Life do lifetime mortgages at 2.78% APRC.

Disadvantages of Canada Life Lifetime Mortgage

Lumpsum lifetime mortgages can reduce your estate value. Home reversion schemes may impact the ability to claim entitlements. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.

What percentage can be released?

The older you are and the more serious the illnesses you have, the more money you can release.