Canada Life Lifetime Mortgage Options

Canada Life Lifetime Mortgage
  • Release tax-free equity from your home with a Canada Life Lifetime Mortgage
  • Get money from your Buy To Let property, 2nd home, holiday home, or other property you don’t live in yourself
  • You don’t need to make regular monthly payments
  • No product fees
  • No lenders fees
  • Help your family to buy another home
  • Ideal for people under 55 and over 55
  • 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
  • 3.78% Fixed for life

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.

RIO retirement interest only mortgages for people on a pension
RIO retirement interest only mortgages
5 Year Chart of 10 Year Interest Rates
5 Year Chart
canada life equity release
West London Home canada life lifetime mortgage

It’s very common to find individuals searching for home reversion schemes, Canada life 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

retirement interest only mortgage lenders

UK Equity Release Scheme Lenders similar to Canada Life equity release with a Canada life equity release adviser

canada life equity release interest only retirement mortgage



Does Canada Life offer Pensioner Mortgages?

Yes, Canada Life Pensioner Mortgages are 2.78% APRC.

Uses of Canada Life 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 VS

Homeowner in their 80s

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.

Does 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 Canada life lifetime mortgage or monthly payment Canada life 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 does lifetime mortgages at 2.78% APRC.

Disadvantages of Canada Life Lifetime Mortgage

Lump sum Canada life 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 with Canada Life lifetime mortgages?

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

UK homeowner Canada Life Equity Release Reviews of the Canada Life Equity Release calculator

Canada Life, a prominent player in the UK’s financial services industry, offers equity release products tailored for homeowners. The Canada Life Equity Release Calculator is an essential tool for individuals considering equity release, allowing them to estimate the amount they might be able to release from their property. User reviews of both the Canada Life equity release schemes and their calculator provide valuable insights into their effectiveness and user experience.

Homeowners who have used the Canada Life Equity Release Calculator often commend its user-friendliness and clarity. The calculator is designed to be straightforward, enabling users to input their age and property value to get an estimated amount they could release. This simplicity is appreciated by users who are new to the concept of equity release and seek an easy-to-understand tool to begin their journey.

In terms of the actual equity release plans offered by Canada Life, many clients have expressed satisfaction with the variety of options available. Canada Life provides different plans, including lump sum and drawdown options, giving homeowners flexibility based on their financial needs and circumstances. This variety is crucial as it caters to a diverse range of clients with different retirement planning strategies and objectives.

Additionally, customers have noted the comprehensive information provided by Canada Life during the equity release process. This includes detailed explanations of the implications of equity release, the long-term financial commitment involved, and how it could affect their estate and entitlement to means-tested benefits. Such thorough information is vital for making an informed decision.

However, it’s important to note that some reviews have mentioned areas for improvement. For instance, a few users have suggested that the calculator could include more detailed scenarios or options for more personalised estimates. Moreover, while the initial process is often praised for its efficiency, some customers have experienced delays during the later stages of their application.

For a homeowner considering equity release, these reviews highlight the importance of using the Canada Life Equity Release Calculator as a starting point, but also the need to seek personalised advice. Equity release is a significant decision, and while calculators can provide initial estimates, consulting with a financial adviser for a more tailored approach is highly recommended. The insights from these reviews are invaluable for both potential clients and Canada Life, guiding them in making informed decisions and improving their services respectively.