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Halifax Equity Release Review
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 Halifax equity release the best?
As experts in the equity release field (we’ve reviewed over 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 & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage 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. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Halifax Equity Release Calculator?
Before you consider using the Halifax equity release calculator, please take note.
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About the providers we compare
Most popular reasons for releasing equity
Halifax's Equity Release & Lifetime Mortgage Schemes
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Who Are Halifax?
The Halifax Group is a well-known private equity firm1 that partners with owners and managers of industry-leading, successful businesses. They focus on patient, long-term capital investments in the lower middle market.
Halifax tries to provide outstanding service to all of its customers. As a result, you may anticipate equal access, facilities, and treatment regardless of your requirements or ability.
The organisation takes many steps to ensure that this occurs. The majority of their 800 locations are open concept, making it simple to get in and out as well as move about within. The majority of them also features a front desk. You may sit down with them and discuss what they can do for you. Their employees will also be able to answer your inquiries and assist you to the best of their abilities. Halifax and its staff are also pleased to provide you with any additional assistance you may require.
If you tell them about a need or a personal problem, they’ll explain how they’ll utilise the information you’ve given them, get your permission to ask more questions, and record the answers. The Halifax team will ask you further questions about your position so that they can get a better sense of your position and refer you to more resources.
They strive to make banking accessible to people of all abilities and requirements, and they will happily provide whatever assistance they can. It’s the same if you have a handicap or handicap, or if you simply need some assistance.
- Financial Conduct Authority
- Financial Services Authority
Got Questions About Halifax & Lifetime Mortgages? Check These First
Is Halifax A Member of the Equity Release Council?
Halifax is not a member of the Equity Release Council.
What Are Halifax's Interest Rates?
In April 2016, Halifax raised its interest rates for equity release products. New customers will have access to a range of fixed and lifetime mortgages with competitive rates, starting from 2.99% APR variable.
Who Owns Halifax?
Halifax is one of the biggest lenders in the UK, and it’s also an arm of the Lloyds Banking Group. The bank traces its roots back to 1853 when a group of Halifax shopkeepers got together to save for funerals.
Where is Halifax Located?
Today, Halifax is headquartered in Huddersfield and has over 90 branches across the UK.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️
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.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.