Age Partnership Equity Release (Jan 2022)
Age Partnership Lifetime Mortgage Review
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Considering Age? What are the Pros, Cons & Costs? Discover If Age Partnership Lifetime Mortgage Schemes are for You.
Before You Start Reading...
Let's See How Much You Can Release 👇
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Age Partnership the best for equity release mortgages?
The companies we profile, are the best in the business to help you unlock the cash tied into your home.
- Understand the services that Age Partnership offers.
- Determine if they might be able to assist you and your family on your equity release journey.
As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What’s Equity Release?
An equity release mortgage (See What’s Equity Release?) is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. We’ve summed up the most important information about the topic in this quick video.
Who Are Age Partnership?
They’re a British company that specialises in over-50s retirement finance products. The company’s registered headquarters are in Leeds’ Thorpe Park. The company is regulated by the Financial Conduct Authority1, and is a member of the Equity Release Council2, the industry body for the equity release sector.
What About the Age Partnership Equity Release Calculator?
Before you consider using the Age Partnership calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Age Partnership. So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the FREE Calculator 👇
It's VERY FAST and, takes just 8 seconds
Why Consider Age Partnership?
Use Age Partnership to unlock tax-free cash to fund your retirement.
Established in 2004, Age Partnership is based in Leeds, West Yorkshire, and offers award-winning services.
Awards include:
-
- Mortgage Strategy Awards 2018 best broker for equity release winner
- Equity Release Awards 2017 best financial adviser
- Personal Finance 2017/18 best equity release advisor winner
- Investor in Customers Gold 2017 award
- What Mortgage Awards 2017 best equity release advisor highly commended
- What Mortgage Awards 2017 best equity release advisor customer service highly commended
Reviews & Ratings
View the ratings of Age on the below sites to see what others have said about Age.
Complaints
If you’re unhappy with Age and would like to make a complaint then the best way to do this is reach out directly on their website. They care about their customers and will forward you to the relevant department. The alternative is to use a review site such as Trustpilot or Feefo and leave a review of Age and they’ll quickly reach out to you to assist.
Age Partnership Pros & Cons
Age Partnership Pros
- Award-winning Equity Release Service
- Compares the whole of the UK equity release market.
- You’ll pay nothing for the financial advice offered, unless you proceed to take out the recommended product.
- You may be eligible for bonuses including a free property valuation or cashback.
Age Partnership Cons
- Your advice fee will total £1,695 or 2.25% of the amount released (whichever is more).
Age Partnership’s Qualification Criteria
- Minimum Amount of Equity Offered: £10,000
- Maximum Amount of Equity Offered: Up to 55% of the property value
- Minimum Age Limit: 55 years
- Maximum Age Limit: Not specified
- Property Minimum Value: £70,000
- Property Types: Houses that are detached, semi‑detached, or terraced, bungalows and flats
Age Partnership's Equity Release Plans & Lifetime Mortgage Schemes
Age Partnership offers drawdown and lump sum equity release plans.
They include:
- Fixed early repayment charges
- No completion fee
- Cashback options
Age Partnership Gold
A great option to consider is Age Partnership Gold Lump Sum with interest rates from 3.43% and free application and valuation.
Age Partnership Lite
If you need a cash injection, review the Age Partnership Lite Lump Sum plan. Interest rates are from 2.98% and there’s a maximum LTV of 35%
Age Partnership Platinum
Check out the Age Partnership Platinum Drawdown with fixed interest rates from 4.67% and a free valuation.
Age Partnership Superlite
If you are looking for a drawdown plan, the Age Partnership Superlite Drawdown comes with interest rates from as low as 2.74%, a free valuation, no completion fees, and a maximum of 32% LTV.
All Age Partnership equity release plans come with a cash back option.
Age Partnership Scheme Features
- Free valuation
- No completion fees
- Fixed early repayment charges
| Product Name | Type | Interest Rate The interest rate is the cost of borrowing the principal. | APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan. |
|---|---|---|---|
| Age Partnership Gold Cashback | Fixed | 3.72% | 3.78% |
| Age Partnership Gold Drawdown | Fixed | 3.42% | 3.47% |
| Age Partnership Gold Lump Sum | Fixed | 3.42% | 3.47% |
| Age Partnership Gold Plus Cashback | Fixed | 4.39% | 4.48% |
| Age Partnership Gold Plus Drawdown | Fixed | 4.09% | 4.17% |
| Age Partnership Gold Plus Lump Sum | Fixed | 4.09% | 4.17% |
| Age Partnership Lite Cashback | Fixed | 3.28% | 3.33% |
| Age Partnership Lite Drawdown | Fixed | 2.98% | 3.02% |
| Age Partnership Lite Lump Sum | Fixed | 2.98% | 3.02% |
| Age Partnership Platinum Cashback | Fixed | 4.97% | 5.08% |
| Age Partnership Platinum Drawdown | Fixed | 4.67% | 4.77% |
| Age Partnership Platinum Lump Sum | Fixed | 4.67% | 4.77% |
| Age Partnership Platinum Plus | Fixed | 5.64% | 5.79% |
| Age Partnership Platinum Plus (3% Cashback) | Fixed | 5.94% | 6.1% |
| Age Partnership Platinum Plus (Flexible) | Fixed | 5.64% | 5.79% |
| Age Partnership Superlite Cashback | Fixed | 3.04% | 3.08% |
| Age Partnership Superlite Drawdown | Fixed | 2.74% | 2.77% |
| Age Partnership Superlite Lump Sum | Fixed | 2.74% | 2.77% |
| Product Name | Type | Interest Rate The interest rate is the cost of borrowing the principal. | APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan. |
Not what you're looking for?
Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!
Learn More About Age Partnership
Age Partnership offers:
- Equity release
- Pension income
- Long-term power of attorney (LPAs)
- Wills
- Mortgages
Every service it offers is aimed at assisting present and soon-to-be retirees in making the most of their finances by allowing them to enjoy their money and the equity they’ve built up in their home.
FCA Details
FCA Address
2200 Century Way
Thorpe Park
Leeds
LS15 8ZBL S 1 5 8 Z B
UNITED KINGDOM
Trading Names
- Age Partnership Limited
FCA Permitted Services
- Insurance
- Mortgages and Home Finance
- Consumer Credit
Regulators
- Financial Conduct Authority
- Financial Services Authority
Registration Numbers
- FCA Ref Number: 425432
- FCA Reg Number: 5265969
Companies House Link
Age Partnership Info
- 2200 Century Way Thorpe Park, Leeds LS15 8ZB
- 08080 555 222
- enquiries@agepartnership.com
Got Questions About Age Partnership & Lifetime Mortgages?
Is Age Partnership A Member of the Equity Release Council?
What Are Age Partnership's Interest Rates?
Who Owns Age Partnership ?
Where is Age Partnership Located?
Conclusion
Before You Go...
Let's See How Much You Can Release 👇
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
