Best Equity Release Companies in the UK

Find Out the Leading Equity Release Providers in the UK [2021]

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Equity Release Companies

The Top Companies Minimum Ages & Property Values

8 Top Lifetime Mortgage Providers

Company Name

Minimum Age

Minimum Property Value

Aviva
55
£75,000
Hodge Lifetime
55
£100,000
Just
55
£70,000
Legal & General
55
£100,000

If you don’t know where to turn for equity release, you could end up being scammed!

If you’re about to join the over 16,000 people in the UK who’ve released equity in 2021, it’s vital to know the best equity release providers on the market.

Without this crucial information, you can end up paying more, missing out on the best equity release deals, and possibly even get duped by an illegitimate plan provider.

We’re here to help you discover:

  • The top lenders who offer home reversion schemes in the UK.
  • Who are the best lifetime mortgage providers in 2021.
  • How to look out for a top lender to suit your needs.
  • Details on what these plan providers can offer you.

If done right, this life-changing decision will allow you to live the stress-free retirement of your dreams. We’ve combed the market, looked at over 220 equity release plans and, found the top lenders for lifetime mortgages and home reversion schemes.

By being equipped with this crucial information, you’ll be able to unlock equity with confidence.

Now, let’s discover the best equity release lenders operating in the UK in 2021. Here they are:

You MUST Know

Before you continue reading, we’ve summed up the most important information about the topic in this quick video. Check it out:

The Best Equity Plan Providers in 2021

With so many brilliant equity release firms on the market, we’ve made it easier by breaking these down for you.

There are 2 main types of equity release, a lifetime mortgage, and a home reversion plan.

Learn more here: The Types of Equity Release

The Top Companies Minimum Ages & Property Values

Company Name Minimum Age Minimum Property Value
Aviva 55 £75,000
Hodge Lifetime 55 £100,000
More 2 Life 55 not stated
Legal & General 55 £100,000
LV not stated not stated
Just 55 £70,000
Canada Life 55 not stated
Retirement Bridge 60 £100,000

8 Top Lifetime Mortgage Providers

First of all, here are the 8 best lifetime mortgage providers in 2021!

Aviva

1. Aviva

One of the most established equity release plan providers in the UK, Aviva equity release has offered lifetime mortgage plans to over 250,000 consumers since 2000, releasing over £8 billion in equity.

The FCA1 authorises it, and it’s a certified member of the Equity Release Council2.

Aviva has also won several awards in the equity release docket, including the Best Equity Release Lender in 2020, making it a favourable option in 2021.

Aviva Equity Release Schemes

The company offers 2 lifetime mortgage plans, and subject to its terms and conditions, both options allow you to remain in your residence until you (and your partner if you take a joint lifetime mortgage scheme) pass on or move into permanent care.

They include:

The Lifetime Lump Sum Max Plan enables you to unlock a one-off cash lump sum, starting at £15,000.

On the other hand, the Aviva Flexible Plan offers you a single lump sum and a drawdown option. In other words, you borrow an initial amount, and then set up a cash reserve to draw money from.

The great thing about this is that you only pay interest on the money you withdraw. You can take a minimum amount of £10,000 as your withdrawal, with a minimum of £5,000 in your cash reserve.

Aviva Equity Release also provides you with favourable interest rates depend on your medical and lifestyle conditions.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: £15,000
  • Maximum Amount of Equity Offered: No limit specification
  • Minimum Age Limit: 55 years
  • Maximum Age Limit: 80 years
  • Property Minimum Value: £75,000 (and it should not be unoccupied for more than six months)
  • Property Condition: Freehold (Aviva can accept if 160 years are remaining on the lease)
  • Property Types: Houses, flats and maisonettes (for flats and maisonettes, they only consider 85% of the valuation to work out how much you can borrow.)
  • Interest Rates Offered: Depends on how risky the loan is
  • Customer Review Ratings: A+ BBB

Special Features: 

  • No negative equity guarantee3 
  • An optional inheritance protection guarantee
  • Voluntary partial repayment
  • You can pay up back up to 10% of your loan yearly if you wish to.

Although there is no obligation, you can make regular instalments to decrease the amount owed when the plan comes to an end. The minimum you can pay each time is £50.

The Aviva Lifetime Mortgage Plans are designed to last for life, but they also offer you the option of having ‘early repayment plans.’

You can borrow as a couple. The plan then ends when the second partner passes away or moves into permanent care. This ensuring that your spouse will be able to stay in your beloved home, even once you have passed away.

If you need more information on Aviva, use our calculator and see how much you can release.

Learn all about: The Pros and Cons of Equity Release

Hodge Lifetime

2. Hodge Lifetime

Hodge Lifetime was founded in 1965 and is an exclusively owned subsidiary of Julian Hodge Bank Limited.

Breaking news!

As of 1 July 2021, Hodge Life Assurance Company (HLAC) has sold 100% of its Hodge Life Assurance unit share capital to the Reinsurance Group of America (RGA).

Do not worry; RGA is a leader in its field! The sale indicates RGA’s commitment to the UK market.

Reinsurance Group of America, Incorporated, is a Fortune 500 company and a leader in the life insurance and financial solutions market.

Hodge will continue focusing on retirement interest-only mortgages and holiday let mortgages, still maintaining its commitment to providing financial solutions for retirees.

Just

3. Just.

Formerly referred to as Just Retirement Equity Release and established from a merger of Just Retirement and Partnership Assurance, the company is one of the UK’s leading providers of retirement financial solutions.

The 2021’s Outstanding (2 Star Accredited) Company to Work For is one of several prestigious awards that they have won in the UK business sector.

A company that cares about their staff, cares about their clients. In other words, they care about people.

It offers 3 equity release plans and provides its consumers with flexible terms that allow you to borrow more based on your health and lifestyle choices.

Just Equity Release Schemes

It has three equity release options, and they include:

The Just Drawdown Lifetime Mortgage Plan allows you to release some of the equity from your home as an initial advance, along with a pre-approved çash facility’ that you can access whenever you need it.

What’s great about this option is that interest will accumulate at a slower rate, as you’re only charged on the amount that you have actually borrowed.

It’s accessible to consumers above 55 years. It enables you to release a minimum of £10,000 and a maximum of £600,000 if you live in England and £250,000 in Wales, Scotland, or Northern Ireland, depending on your age and estate value. 

The cash reserve accessible will be limited to the lower amount of either three times the start-up loan or the maximum amount you can borrow based on your age and the value of your residence.

The Lump Sum Lite Lifetime Mortgage Plan differs in that you take out one single lump sum. The amount you borrow will depend on your health and lifestyle conditions.

It’s available for those aged 55 and above and whose property is worth at least £70,000 and located in Scotland, Wales, or England.  

The amount of money you release is higher than the drawdown lifetime plan, but the interest rates will likely be higher. If you need to borrow more, you’ll have to wait until 6 months are over, but it all depends on your eligibility. 

The amount you release is dependent on your age and the value of the estate, with a minimum amount of £10,000 and a maximum of £600,000 in England and £250,000 in Scotland and Wales.

The Lump Sum Plus Lifetime Plan also allows you to unlock a single lump sum of equity tied up into your home.

It’s available to those aged 55 and above and with an estate value of at least £70,000 in Wales, England, and Scotland. 

It provides you with the choice to maximise the lending potential against your property. The standard loan to value is typically higher than the drawdown lifetime mortgage, but it also comes with a higher interest rate.

Moreover, the Just Underwriting team also considers your health and lifestyle, thus offering you the option of borrowing a more considerable amount. 

This particular plan allows you to borrow up to £800,000, depending on your particulars.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000, but £20,000 if you want to make monthly repayments
  • Maximum Amount of Equity Offered: £1,000,000 if you live in England, Scotland and Wales and up to £250,000 for Northern Island
  • Minimum Age Limit: 55 years
  • Maximum Age Limit: 90 years
  • Property Minimum Value: £70,000 
  • Location: England, Scotland or Wales for all plans and Northern Ireland for the drawdown lifetime mortgage scheme
  • Interest Rates Offered: Depends on how risky the loan is
  • Customer Review Ratings: A+

Special Features: 

  • No negative equity guarantee 

If you need more information on Just, use our calculator and see how much you can release.

liverpool victoria lv scaled 1

4. Liverpool Victoria (LV=)

Liverpool Victoria (LV) Equity Release, popularly known as LV=, is a leading financial company in the UK with over a million clients who have unlocked the value of their homes through equity release schemes. 

It’s practically one of the few equity release companies that offer the holiday home or second home lifetime mortgage plans in the UK.

LV= has been in the equity release game since 2002, and it’s authorised by the FCA and a certified member of the Equity Release Council; so you can be reassured that it has a ‘no negative equity guarantee’, as well as complies with the rest of the Equity Release Council’s guidelines and principles. 

The company has also won several awards, including the 5-star awards for Equity Release Services for its Flexible Lifetime Mortgage.

LV= Lifetime Mortgage Schemes

Liverpool Victoria offers 2 great lifetime mortgage plans. They include the:

  • Lifetime Mortgage Lump-Sum Plus
  • Flexible Lifetime Mortgage

The Lifetime Mortgage Lump Sum + Plan allows homeowners who are 60 years old to release cash that ranges from 25% of your estate’s value and up to 55% for those aged between 90 to 95. 

It also allows you to borrow a minimum single lump sum payment of £10,000, meaning that the fees and interest rates are lower than LV’s flexible lifetime mortgage.

Any future borrowing can be available depending on your circumstances and the terms and conditions of the equity release plan at the time.

True to its name, the Flexible Lifetime Mortgage offers you more flexibility than the Lump Sum Plus Plan. You can decide to unlock the value of your home either through a lump sum or a drawdown plan. 

The amount of cash you withdraw with this plan ranges from 20% of the value of your residence for 60-year-olds and 50% for those aged between 90 and 95. The minimum amount you can unlock is about £10,000, and the maximum can be three times your original loan, or if lower, the highest amount will be against the value of your residence. 

It has a minimum withdrawal limit of £2,000, and you can unlock the maximum loan available to you for a period of 15 years.

However, you can only make one withdrawal each year, and your provider will charge an interest that will be dependent on the rates at that time and not as per the initial loan agreement.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000
  • Maximum Amount of Equity Offered: No limit specification
  • Minimum Age Limit: 60 years
  • Maximum Age Limit: 95 years
  • Property Minimum Value: £70,000 
  • Property Condition: Freehold, bungalow, or flat. If it’s of leasehold, it may be accepted. However, the lease should have between 70 to 90 years remaining dependant on your age
  • Location: England, Scotland or Wales including the Isle of Wight and Anglesey
  • Building Materials: In excellent condition, well maintained and designed of conventional bricks and mortar (other building materials may be considered)
  • Interest Rates Offered: Depends on how risky the loan is
  • Customer Review Ratings: A+

Special Features: 

  • No negative equity guarantee 
  • Initial free, no obligation advice

You should also note that the LV equity release interest is compounded annually and not monthly, like with other plan providers. It can make a massive difference over ten years.

If you need more information on LV, you need to use our calculator and see how much you can release.

Legal & General

5. Legal & General

Legal & General (L&G) is one of the world’s largest equity release plan providers and one of the UK’s leading pension fund asset managers.

As a certified member of the Equity Release Council, it abides by its guidelines and codes and endorses the ‘no negative equity guarantee.’ 

The FCA also regulates its services, and the company has won several awards.

L&G Equity Release Schemes

They offer 2 varieties of the lifetime mortgage plan, namely:

Flexible Lifetime Mortgages 

The Flexible Lifetime Mortgage offers you a chance to borrow money as either a single tax-free cash lump sum or in smaller amounts (drawdowns). 

The minimum you can borrow with this plan is £10,000, and the maximum will be dependent on your age and the value of your estate. You can also opt to draw down a minimum of £2,000 at any time with no fees.

 You will only be charged the interest rate at the time of the withdrawal, not your original application. It also comes with the ‘no negative guarantee,’ giving the freedom to choose the inheritance protection option at no extra cost. 

With this plan, you can be sure that your family will have something left after you die.

Premier Flexible Lifetime Mortgage

The Premier Flexible Lifetime Mortgage, on the other hand, works similarly to the standard flexible lifetime mortgage option, but it offers you a minimum of £250,000.

Legal & General Equity Release also offers other favourable plans, and you can access them on their website.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: Dependent on the plan, but it ranges from £10,000 to £250,000
  • Maximum Amount of Equity Offered: No limit specification
  • Minimum Age Limit: 55 years
  • Maximum Age Limit: 75 years
  • Property Minimum Value: £100,000 and £150,000 for ex-council property
  • Interest Rates Offered: Depends on how risky the loan is
  • Customer Review Ratings: A+
  • Location: Scotland, Wales, England 

Special Features: 

  • No negative equity guarantee 
  • Inheritance Protection Guarantee (at no extra costs)

 L&G also works with ‘The Retirement Lending Advisers’ to advise you on which plan best caters to your needs. They don’t charge for this service, but they only offer advice on L&G market products and not equity release schemes available with other companies.

If you need more information on L&G, use our calculator and see how much you can release.

More 2 Life

6. More2life

More2life Equity Release was established in 2008 and is known as the most prominent innovator in the lifetime mortgage market and is among the largest equity release firms in the UK. 

The company strives to be an innovator in the equity release market, helping to deliver their clients a stress-free retirement.

The FCA fully authorises it, and it only deals with fully qualified, independent advisers

As a board member of the Equity Release Council, it adheres to the body’s standards and principles that ensure the fair treatment of customers.

More2life Equity Release Schemes

More2life has 5 different equity release plans available for homeowners aged 55 to 95. Their broad range of plans is equipped to suit all client’s needs.

With the Flexi plan, there is a wide range of LTVs (loan to valuation ratio). The rates are competitive, and you can select a lump sum or drawdown option. In addition, you can loan up to £1m.

The Tailored plan has partial repayments, fixed early repayment charges and the option of cashback. The maximum loan available on this plan is £800,000.

The Capital and Maximum plans have the same description, but you can borrow up to £1.5m with Capital and £750,000 with Maximum, depending on the risk of the loan.

Finally, the Prime plan allows you to loan up to £600,000 and is a lump sum only option. The features include up to 10% partial repayments.

All plans allow you to acquire a minimum single lump sum payment of £10,000, and any future borrowing can be available depending on your circumstances and the terms and conditions of the equity release plan at the time.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000
  • Maximum Amount of Equity Offered: £1.5m
  • Minimum Age Limit: 55 years
  • Maximum Age Limit: 84 years
  • Property Minimum Value: £70,000 
  • Location: England, Scotland or Wales 
  • Interest Rates Offered: Depends on how risky the loan is
  • Customer Review Ratings: A+

Special Features: 

  • No negative equity guarantee  
  • A large range of plans
  • Fixed early repayment charges (ERC)
  • Downsizing protection
  • Fee free
  • ERC exemption
  • Fixed repayments from Day 1

If you need more information on More2life, use our calculator and see how much you can release.

One Family

7. One Family

Founded in 2015, One Family aims to give its customers the financial help that they need. The company was born through a merger, making it one of the UK’s largest mutual organisations.

One Family is FCA approved and a proud member of the Equity Release Council, therefore offering a ‘no negative equity guarantee’.

They use the latest technology by allowing customers to connect with their adviser via video chat, which is perfect in a post-Covid world.

In terms of equity release costs, they have a fixed advice fee of £950.

Pro Tip: Legitimate equity release firms will be transparent about all fees upfront.

In addition, they have whole market advisers who will suggest plans by all regulated providers.

One Family Schemes

One family offers fixed and variable equity release plans. With 9 different plans available, there are numerous equity release scheme options.

Their variable rate plans come in Lite and Standard. Lite offers you anything from 13.5% of the value of your home, and this is from 17% for Standard.

These loans are available for homeowners between the age of 55 and 85.

Finally, you can borrow an amount between £20,000 and £1m, depending on your circumstances and the risk of your loan.

Fixed interest rate mortgages come in Lite, Standard and Super LTV.

Super LTV is for those over the age of 65 and under 100. You can borrow up to 58% of the value of your property.

Lite and Standard LTV are for homeowners 55 to 85, giving you the option of loaning up to 47%.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000
  • Maximum Amount of Equity Offered: £750,000
  • Minimum Age Limit: 55
  • Maximum Age Limit: 100
  • Property Type: Freehold or leasehold
  • Property Minimum Value: £70,000 with no maximum
  • Location: England, Wales and Scotland
  • Interest Rates Offered: Depends how risky the loan is
  • Customer Review Ratings: A+

Special Features:  

  • Free valuation
  • 10 year fixed early repayment
  • Choice of fixed/variable rates
  • Downsizing protection
  • No negative equity

If you need more information on One Family, use our calculator and see how much you can release.

Pure Retirement

8. Pure Retirement

Pure Retirement lives by honesty, security and simplicity. Its equity release plans can be approved in 5 simple steps, making it a stress-free process.

They are regulated by the FCA and are equity release council members, therefore offering a ‘no negative equity guarantee’.

Pure Retirement won numerous awards in 2020, including Best Specialist Mortgage Provider at the Mortgage Lender Benchmark awards.

Pure Retirement Schemes

They offer 2 ranges of lifetime mortgages, Pure Max Drawdown and the Pure Sovereign range.

  • Pure Max Drawdown

Pure Max Drawdown gives you the option to release a minimum of £25,000 in equity tied up into your home.

Available for anyone over 70, there are no monthly repayments, they allow a maximum withdrawal from cash reserve of £5,000, and interest rates are fixed for life.

  • Pure Sovereign

The Sovereign Lump Sum is available at fixed interest rates as low as 2.86%, depending on the risk of the loan.

One of the fantastic features is a 3-year no early repayment charge, and there is a downsizing repayment charge exemption.

Core Features & Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000
  • Maximum Amount of Equity Offered: £2 million
  • Minimum Age Limit: 55
  • Maximum Age Limit: 90
  • Property Minimum Value: £70,000
  • Location: Mainland England (including the Isle of Wight), Wales, and mainland Scotland
  • Interest Rates Offered: Depending on the risk of the loan
  • Customer Review Ratings: A+

Special Features: 

  • Fees free options
  • Free valuation
  • 3-year ERC Exemption

If you need more information on Pure Retirement, use our calculator and see how much you can release.

The Top 18 Home Reversion & Retirement Mortgage Providers

Let’s not forget about the home reversion scheme. Here are the top home reversion and mortgage providers in 2021!

1. Bridgewater

The Retirement Bridge Group owns Bridgewater Equity Release Limited, a large company that offers a range of home reversion schemes.

The great thing about Bridgewater is that they allow you to release further equity from your home at a later stage if you have not released 100% of the equity available.

2. Crown

Crown is a proud member of the Equity Release Council and was a founding director of SHIP.

Their home reversion plans are available for people over the age of 65 and allow you to sell all or part of your estate in return for a lump sum or smaller repayments.

3. Bank of Ireland

The Bank of Ireland was founded in 1783 and offers retirement mortgage plans through the Post Office Financial Retirement Link.

They offer a range of equity release and lifetime mortgages, giving you a range of options to consider. Their plans include lump sum plans, drawdown plans, interest-only plans, and home reversion plans.

4. Beverley Building Society

Founded in 1866, the Beverley Building Society is one of the UK’s oldest established societies.

They offer mortgage options to homeowners over the age of 55, allowing you to release up to 55% of the valuation of your home.

5. Buckinghamshire Building Society

Established in 1907, the Buckinghamshire Building Society has RIOs on offer, allowing customers over 55 to borrow up to 60% of their property value.

The minimum loan size is between £25,000 and £50,000, depending on which mortgage plan you opt for.

6. Family Building Society

The Family Building Society was established in 1896 and offers professional services to over 47,000 customers.

They are partnered with The Equity Release Experts, offering independent equity release advice.

7. Hanley Economic Building Society

Founded in 1854, Hanley Building Society offers a range of retirement interest-only (RIO) mortgages for homeowners over the age of 55.

They have fixed fees for loans ranging from £10,000 to £750,000. The maximum amount you can borrow is between 50% and 65% of your home’s valuation.

8. Hinckley and Rugby Building Society

Hinckley and Rugby Building Society has mortgage products for individuals over the age of 75. Their plans are specifically designed to ensure flexibility to suit each borrower’s needs.

Established in 1861, they have a high standard of customer service.

9. Hodge Lifetime

In addition to a lifetime mortgage, Hodge Lifetime also offers RIO mortgages that allow you to borrow up to 75% of the value of your estate.

10. Ipswich Building Society

Ipswich Building Society boasts a range of Retirement Interest Only (RIO) mortgages that allow you to repay over a 40 year period.

There is an amazing 50% interest rate discount for the first 2 years of your plan.

11. Leeds Building Society

As the winner of the Commended Moneyfacts Consumer Awards in 2021, the Leeds Building Society offers 2 & 5-year fixed-rate mortgages, and RIOs.

You can borrow up to 75% of your LTV.

12. Mansfield Building Society

The Mansfield Building Society has 7 different mortgage products available for those who are borrowing into retirement.

Both their capital repayment and interest-only mortgages need to be paid back before the age of 85.

13. Marsden Building Society

As experts in later life lending, Marsden Building Society has RIO’s for borrowers up to the age of 90.

In addition, they offer repayment and interest-only mortgages.

14. Newbury Building Society

Newbury Building Society also offers RIOs with their plans being available for those between the ages of 60 and 90-years-old.

They have offered mortgages for over 160 years and are focused on including sustainable living in their business.

15. Penrith Building Society

Established in 1877, Penrith Building Society lends up to 50% of your property’s valuation to borrowers over the age of 55.

Unlike with equity release, they require you to do an affordability check to see if you qualify for an RIO.

16. Scottish Building Society

The Scottish Building Society also provides RIO mortgages for property owners over the age of 55.

Founded in 1848, they are the oldest remaining building society in the world!

17. Swansea Building Society

Swansea Building Society will loan you a minimum income of £18,000 if you are over the age of 55.

Established in 1923, they have long-term loans that are expected to be paid off by your 85th birthday.

18. Tipton and Coseley Building Society

As the last (but not least) mortgage supplier on our list, Tipton and Coseley Building Society offers a range of mortgages for people over 55.

Their products include 3-year discount plans and 5-year fixed interest rate plans. These are both available for RIO and later life lending.

High Street Banks & Lifetime Mortgages

As equity release becomes more popular in the UK, the traditional lenders like Legal and General are being joined by the big guys. High street banks like Nationwide Building Society also offer equity release at competitive rates.

Proudly the largest building society in the world, Nationwide Building Society has over 15 million members. They offer a range of later-life mortgages, including equity release.

If you are 55 to 84, own your home, and are looking to release equity, you may want to consider arranging a telephonic or video call with one of their advisers.

Best Equity Release Companies

The Best Equity Release Deals

We’ve got a secret to share!

With equity release growing in popularity and interest rates at an all-time low, now’s the time to get the best equity release deals.

Whether it’s a lifetime mortgage or a home reversion scheme, you must be sure to shop around and see what’s being offered on the market.

From a free evaluation to no early repayment charges in the first 3 years, you could find the most fantastic options to suit your needs.

UK Equity Release Companies From A-Z

A

Age Partnership – a member of the Equity Release Council, Age Partnership is a guarantee of quality.

Ashfords – specialises in advising clients on the legal implications of lifetime mortgages and reversion plans.

Aviva – the largest general insurer in the UK and a leading life and pensions provider.

B

Barclays – a British multinational investment bank and financial services company, Barclays is known all over the world as one of the best in the business.

BBC – their main expertize are lifetime mortgages and reversion plans, including lifetime interest only mortgages.

Bridgewater – an American investment management firm founded by Ray Dalio in 1975. They serve institutional clients including pension funds, endowments, foundations, foreign. governments, and central banks.

C

Canada Life – is a Canadian company founded in 1847 that offers life, health, and disability insurance for groups and individuals.

Club – a private capital initiative, structured as a Club Deal offering its shareholders the opportunity to invest directly in mid-cap companies.

Crown – one of their many businesses is the acquisition, development and sale of real estate properties,but they’re also equity release experts.

D

Daily Mail – among their many other specialities, the Daily Mall is dedicated in spreading awareness about equity release.

E

Equity Release Club – a private capital initiative, they offer more flexibility in terms of investment policy, governance and exit strategy compared to a traditional PE fund.

Equity Release Supermarket – founded by Mark Gregory in 2008, in a few years has grown to become one of the leading equity release advisory services.

Equity Release Wise – they focus on the management of Private Equity closed-end funds investing in small and medium sized companies.

G

Go Compare – one of the more versatile insurance companies out there, they deal on anything ranging from equity release to pet insurance.

Guardian – a British daily newspaper that often writes about equity release.

H

Halifax – an established private equity firm that invests alongside owners and managers of industry-leading growing and profitable companies.

Hodge – the longest established equity release provider in the UK, they launched the very first equity release plan in 1965.

HSBC – a bank and financial services holding company known all over the world, HSBC is synonym of trust.

J

Just – their product range includes savings, investments, credit, mortgages, pensions, plans for later life care funding.

K

Key – founded in 1998, they started to focus on all equity release advice services in 2001.

L

L&G – commonly known as Legal & General, they are a multinational financial services company headquartered in London.

Liverpool Victoria – one of the United Kingdom’s largest insurance companies with over five million customers.

Lloyds – traditionally considered one of the “Big Four” clearing banks, they have branches all across England and Wales.

M

Marsden – a member of the Building Societies Association, a trade organisation of building societies in the United Kingdom.

Martin Lewis – is an English journalist and television presenter. He founded the website MoneySavingExpert.com. He specialises on Equity release advice.

Money Saving Expert – was founded by Martin Steven Lewis, the website specialises on Equity release advice.

Moneysupermarket – is a British price comparison website-based business specialising in financial services.

More 2 Life – since their foundation, they’ve been focused solely on equity release, supporting advisers and putting client’s needs first.

Mortgage Express – has access to a vast range of home loan products that help make the choices that are important to your individual needs.

N

Nationwide – the seventh largest cooperative financial institution and the largest building society in the world with over 15 million members.

Natwest – established in 1968 by the merger of National Provincial Bank and Westminster Bank. Since 2000, it has been part of The Royal Bank of Scotland Group.

New Life – has won several awards and continues to provide successful equity release products to retirees.

Northern Rock – originally a building society, it demutualised and became Northern Rock bank in 1997.

Norwich Union – established in 1797, it was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.

O

One Family – a mutual society and as such has no shareholders, and is instead owned by its 2.6 million members.

P

Papilio – a lifetime mortgage servicing company and specialist purpose vehicle who work on behalf of JP Morgan.

Prudential – member of the American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial products.

Pure – independent and locally owned, this brokerage company takes pride on being a dedicated and educated group of real estate professionals.

R

RBS – one of the subsidiaries of The Royal Bank of Scotland Group plc, together with NatWest and Ulster Bank.

Responsible Lending – they offer lifetime mortgages that helps you plan retirements using property as an income source that you hadn’t previously thought of.

Retirement Advantage – their product range is available to consumers aged between 60 to 90-years-old and offers a tax-free, one-off lump sum and instead of making interest repayments.

Right – established in 2010 and is now one of the leading independent equity release specialists.

S

Saga – their Equity Release Advice Service is provided by HUB Financial Solutions Limited. You must be aged 55 or over with a UK home worth at least £70,000.

Santander – they offer a five-year deal with Legal and General Home Finance to offer the business’s lifetime mortgages to its own existing customers struggling to pay off their interest-only mortgage.

Ship – stands for Safe Home Income Plans and is good news for consumers looking into Equity Release. It’s a code of conduct launched in 1991 the main aim of which is to protect consumers when taking out an equity Release deal.

Solar – gives you the opportunity to release the power of those payments in one go by selling access to your Feed in Tariff and getting a lump sum amount in return.

Step Change – formerly the Consumer Credit Counselling Service, they are a debt charity operating across the United Kingdom.

Stone Haven – a dedicated website offering free equity release information specifically highlighting Retirement Advantage products.

Sun Life – one of the largest life insurance companies in the world, and also one of the oldest, with a history spanning back to 1865

T

Telegraph – they write and inform people about the benefits of equity release.

W

Which – they specialise in spreading awareness on the legal implications of lifetime mortgages and reversion plans.

Y

Yorkshire Bank – a trustworthy bank that was founded in 1859 as the West Riding Penny Savings Bank and adopted its present name in 1959.

Got Questions? Check These First

What's the Catch With Equity Release Companies?

How Much Interest Do Different Companies Ask You Pay Back on Equity Release?

Which is The Best Equity Release Company?

In Summary

Equity release is one of the most important financial decisions you will ever make in your life. So, it is best to take your time when choosing a plan provider that will cater to all your needs.

You should do your due diligence and consult several providers before making an informed decision on the company that will make your retirement dreams come true. Make sure you understand which companies to avoid.

Check out how much you can release and chat with an expert for free.

Lastly, if you want to know how much equity you can release from your home, use our UK Home Mortgage Equity Calculator to find out now!

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I'd like to commend the excellent support we received from you guys in our recent equity release application, which proceeded faster than we could have hoped. Thank you so much.
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I have to say my experience with SovereignBoss was positive from start to finish. The level of customer service I received from John was simply outstanding, thank you!
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