Compare Canada Life Equity Release

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  • We’ve teamed up with leading equity release advisers Fluent Lifetime to help you in your search for a Canada Life lifetime mortgage
  • If you're over 55 you may be able to release some of the cash tied up in your home without having to move
  • Take a tax-free lump sum or smaller amounts, secured against your home’s value with a lifetime mortgage from Canada Life
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A lifetime mortgage is secured against your home, think carefully before securing debts against it. Ask for a personalised illustration to fully understand the risks and benefits before considering.

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9 products found based on age of 70, total borrowing of and LTV of 40.00%
    • Canada Life logo

      Canada Life

      • MER / Annual Rate
        3.73%
      • MAX LTV
        40.00%
      • Max You Can Borrow
        £100,000
      • Lender Fees
        £0

    Other Equity Release Providers

    • LV logo

      LV

      • MER / Annual Rate
        2.99%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £0
    • more2life logo

      more2life

      • MER / Annual Rate
        3.18%
      • MAX LTV
        40.00%
      • Max You Can Borrow
        £100,000
      • Lender Fees
        £0
    • Legal & General Home Finance logo

      Legal & General Home Finance

      • MER / Annual Rate
        3.20%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £599
    • Scottish Widows logo

      Scottish Widows

      • MER / Annual Rate
        3.32%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £0
    • JUST logo

      JUST

      • MER / Annual Rate
        3.35%
      • MAX LTV
        42.00%
      • Max You Can Borrow
        £105,000
      • Lender Fees
        £0
    • Pure Retirement logo

      Pure Retirement

      • MER / Annual Rate
        3.69%
      • MAX LTV
        47.00%
      • Max You Can Borrow
        £117,500
      • Lender Fees
        £895
    • Aviva logo

      Aviva

      • MER / Annual Rate
        4.20%
      • MAX LTV
        46.00%
      • Max You Can Borrow
        £115,000
      • Lender Fees
        £5
    • Onefamily logo

      Onefamily

      • MER / Annual Rate
        6.29%
      • MAX LTV
        50.00%
      • Max You Can Borrow
        £125,000
      • Lender Fees
        £950

Overall Representative Example for a Lifetime Mortgage from Fluent Lifetime

Most Fluent Lifetime customers have received a fixed annual interest rate of 2.84% or lower, based on an average loan size of £50.000, the overall cost for comparison is 3.2% APRC.

The information contained on this page has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Fluent Lifetime Ltd, an appointed representative of Fluent Mortgages Ltd who are authorised and regulated by the Financial Conduct Authority firm registration number 458914.

A lifetime mortgage is a form of equity release. Think carefully about securing other debts against your home, which you could lose if you fail to meet the terms of the mortgage. Check the mortgage meets your needs if you want to move or sell your home, or you want your family to inherit it. Lifetime mortgages can affect tax and benefits. To understand the features and risks of a Lifetime Mortgage, ask for a personalised illustration..

Fluent Lifetime is a Lifetime Mortgage broker, not a lender. They are not limited in the range of lifetime mortgages they will consider for you. Fluent Lifetime does not offer home reversion plans. Fluent Lifetime Ltd. Registered in England and Wales. Company Registration No.11226852. Data Protection Reference number ZA451714. Registered Office: 102 Rivington House, Chorley New Road, Horwich, Bolton BL6 5UE. Telephone 01204 472060

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Last updated on 10 June 2021.

Canada Life equity release FAQs

Who is Canada Life?

Canada Life is a financial services provider offering investment, retirement and protection products. It is a subsidiary of the Great-West Lifeco group of companies.

What equity release products do Canada Life offer?

Canada Life offers equity release in the form of lifetime mortgages, a type of loan targeted at older homeowners looking to borrow by unlocking the value of their home. Its range of lifetime mortgages includes Capital Select Options, Lifestyle Options, Second Home Options and Prestige Options.

How do I get a Canada Life equity release plan?

You’ll first need to speak to a qualified equity release adviser who will look at your situation and let you know if a lifetime mortgage is right for you and which option suits your circumstances. You can proceed to our partner's website to provide your details and they will be in touch to assess your circumstances and suitability.

How does the Canada Life equity release plan work?

Canada Life offers lifetime mortgages that allow you to take equity from your home in the form of a loan. The interest on the loan, along with the amount that you have released, is only repaid when you die or move into care. However, some Canada Life lifetime mortgages offer you the ability to make voluntary capital and interest repayments without incurring any early repayment charges.

How much can I release with Canada Life?

The amount of money you will be able to borrow with an equity release loan depends on your own circumstances such as your age and the value of your property. See how much you could borrow by entering details in our calculator.

What can I use Canada Life equity release for?

You can use the money you release from your home for whatever purpose you require. Some of the most popular uses for equity release include helping loved ones financially, improving your quality of life in retirement by topping up your pension and funding home improvement projects.

Where can I find Canada Life reviews?

Use review websites such as Trustpilot to learn more about the customer experiences of those who have dealt with Canada Life.

Services offered by this provider may change over time. Always check Ts&Cs