Compare Scottish Widows 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 Scottish Widows 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 secured against your home’s value with a lifetime mortgage from Scottish Widows
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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%
    • Scottish Widows logo

      Scottish Widows

      • MER / Annual Rate
        3.32%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • 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
    • 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
    • Canada Life logo

      Canada Life

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

Scottish Widows - Equity Release FAQs

Who is Scottish Widows?

Scottish Widows is one of the UK’s oldest pensions and insurance providers, established in 1815 in Edinburgh, Scotland. It is a subsidiary of Lloyds Banking Group.

What equity release products do Scottish Widows offer?

Scottish Widows offers equity release plans in the form of lifetime mortgages. These plans allow customers to unlock a lump sum from the value of their properties, with no requirement to repay the interest on the mortgage until the customer passes away or enters into long-term care or sheltered accommodation.

How do I get a Scottish Widows 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 Scottish Widows equity release plan work?

The Scottish Widows lifetime mortgage allows you access to a cash lump sum, with the option for future releases. Interest is accrued over the course of the mortgage, but unlike a conventional mortgage it won’t be payable each month unless you choose that option. The rate of interest charged may vary depending upon the plan but will be fixed for the duration of the lifetime mortgage helping you to predict costs over time. If you are concerned about affording care in later life, Scottish Widows has provisions allowing you to protect a percentage of the property’s value to finance this. You can make a similar provision for inheritance reasons.

How much can I release with Scottish Widows equity release?

The amount of equity you can release will depend on your individual 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 Scottish Widows equity release for?

Those who seek equity release plans often wish to finance expenditure to pay for activities including renovation of properties, which can be difficult to pay for without some form of loan. In addition, those seeking to ease the burden of education costs such as university fees for family members can use equity release to help.

Where can I find Scottish Widows reviews?

When seeking any loan it is worth carrying out due diligence so you find the right equity release provider to suit your specific requirements and situation. Read reviews for Scottish Widows on websites such as Trustpilot Reviews to see what its customers say.

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