New Life Equity Release (Oct 2021)
New Life Lifetime Mortgage Review
Are You Considering New Life Equity Release? What are the Pros, Cons & Costs? Discover If New Life Lifetime Mortgage Schemes are for You.
Before You Start Reading...
Let's See How Much You Can Release 👇
New Life 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 New Life 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 New Life Equity Release Calculator?
Before you consider using the New Life equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through New Life. 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, takes just 8 seconds
Why get a free quote?
About the providers we compare
Most popular reasons for releasing equity
New Life's Equity Release & Lifetime Mortgage Schemes
Not what you're looking for?
Who Are New Life?
Newlife was established in 2003 as one of the first lenders to specialise on equity release loans.1 This lender has won several honours and continues to provide retirees outstanding equity release options. Newlife’s home reversion programmes 2 are accessible to people as young as 65 and as old as 90. The minimum release amount is £25,000, and you must own a house worth at least £75,000 to qualify. In Wales, mainland Scotland, and England, the product is available.
Whether it’s saving for retirement providing the greatest educational options for your children, or laying a solid financial foundation for your future, New Life can help you achieve your goals.
Your dreams are important to the organisation. They understand the obstacles that make achieving your financial objectives more difficult, and they’re ready to help with education, coaching, and guidance.
Their purpose is to assist people from all walks of life in accumulating and protecting money, so you don’t have to do it alone. Your allocated partner will accompany you on your path to financial success, assisting you in assessing your circumstances, understanding how money works, and locating the goods and services that best meet your needs.
Whatever your objectives, it’s critical to take charge of your finances and put them to work for you as soon as possible. Today is the start of a better tomorrow for you.
New Life can also assist you in developing a sound long-term savings strategy. They make recommendations that are relevant and reasonable after listening to the specifics of your circumstance. It’s one of the major advantages of working with a professional financial planner.
- Financial Conduct Authority
- Financial Services Authority
New Life Info
Got Questions About New Life & Lifetime Mortgages? Check These First
Is New Life A Member of the Equity Release Council?
New Life is not a member of the Equity Release Council.
What Are New Life's Interest Rates on Equity Release?
New Life’s interest rates on equity release plans are between 1.7% and 2.35%, depending on the amount you borrow and whether you choose a fixed or flexible plan.
Who Owns New Life?
New Life is part of the Lloyds Banking Group.
Where is New Life Located?
New Life is headquartered in 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.
Most send us a personal thank you because we do such an incredible job.
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.
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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.