Halifax Equity Release Reviews (2022)

We Review Halifax Equity Release & Look at the Pros, Cons & Schemes They Offer
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Considering Halifax Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Halifax Lifetime Mortgage Schemes Are for You.

Before You Start Reading…

How Much Can You Release? 👇


Equity Release Calculator

Value of Your Home?


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Halifax Equity 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 Halifax equity release the best?

The companies we profile, are the best in the business to help you unlock the cash tied into your home.

We’re here to help you:

  • Understand the services that Halifax 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.

Is Halifax the ideal equity release loan company to assist you and your family?

Let’s find out NOW!


What’s Equity Release?

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.

Who Are Halifax?

Halifax, previously Halifax Building Society, is a British banking brand and a trading division of Bank of Scotland,

Itself a wholly-owned subsidiary of Lloyds Banking Group.

It was founded as a building society in 1853 but demutualized in 1997.

What About the Halifax Equity Release Calculator?

Before you consider using the Halifax calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Halifax.

So first use this calculator below & see how much you can release.

How Much Can You Release?

Use the Calculator Below 👇


Equity Release Calculator

Value of Your Home?


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🔒 100% Safe & Fast

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Why Consider Halifax?

Halifax is a leading financial services provider based all around the UK.

While they don’t offer equity release themselves, they’ve partnered with Scottish Widows Bank and offers Lifetime Mortgages.

Should you wish to get in touch with Halifax, they’ll link you to Scottish Widows so that you can unlock equity.

A Scottish Widows Later-Life Lending Adviser will guide you through all your options.

Halifax Reviews & Ratings

Halifax’s Equity Release Scheme Reviews

Halifax has a range of mortgages for all ages, and will transfer you to Scottish Widows for equity release.

Who has a large range of amazing plans.

Halifax Complaints

If you’re unhappy with Halifax and would like to make a complaint then the best way to do this is to 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 and they’ll quickly reach out to you to assist.

Pros & Cons


  • With rates around 2.89% that are fixed, get the money you need with no hidden fees or charges.
  • Low non-trading fees.
  • Good Options for Deposits and withdrawals.
  • Quick and easy account opening.
  • No withdrawal fee.
  • No inactivity fee.


  • High Stock Trading Fees.
  • Very Poor Customer Service.
  • No Mobile or Desktop Platforms.
  • Yearly Account Fee.

Editor’s Rating: 4.94

Halifax’s Qualification Criteria

  • Minimum Age Limit: 55
  • Maximum Age Limit: 85

Lifetime Mortgage Equity Release Schemes

Lifetime Mortgage FR1

The Lifetime Mortgage FR1 drawdown plan comes with a free valuation,

No application fees, a cashback option, and fixed interest rates from 3.04%.

Lifetime Mortgage LS3

With the Lifetime Mortgage LS3 lump sum plan, interest rates are fixed from 3.15%.

Once again, there’s a free valuation, cashback options, and no application fees.

Furthermore, you can pay back up to 10% of your loan annually.

Halifax’s Scheme Equity Release Interest Rates & Schemes Compared

Are you looking for a specific equity release scheme?

These are some of the schemes offered or covered by Halifax.

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 Halifax

Halifax was founded in 1853 and became a public limited company in 1997.

In 2001 Halifax plc merged with The Governor and Company of the Bank of Scotland, forming HBOS.

In 2006, the assets and liabilities of the Halifax chain were transferred to Bank of Scotland, and in 2009, HBOS was taken over by Lloyds TSB.

Halifax aims to provide outstanding service to all of its customers.

As a result, you can expect equal access, facilities, and treatment regardless of your requirements or ability.

The majority of its 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, where you can discuss your requirements with a member of staff.

Halifax employees will also be able to answer your inquiries and assist you to the best of their abilities.

FCA Details


  • Financial Conduct Authority (FAC) ¹
  • Financial Services Authority Now the Prudential Regulation Authority (PRA) ¹

Halifax Contact Number & Address

Got Questions

Is Halifax A Member of the Equity Release Council?

What Are Halifax's Interest Rates?

Who Owns Halifax?

Where is Halifax Located?


So here’s the scoop – our intention is to help you by finding the best Halifax lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.

Before You Go…

Use the FREE Calculator Below 👇


Equity Release Calculator

Value of Your Home?


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🔒 100% Safe & Fast

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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.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.


Equity Release Calculator

Value of Your Home?


Drag me

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