Scottish Widows Equity Release Review
Before You Start Reading…
How Much Can You Release? 👇
Is Scottish Widows equity release the best?
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?
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 Scottish Widows offers.
- Determine if they might be able to assist you and your family on your equity release journey.
Let’s find out NOW!
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 Scottish Widows the ideal equity release loan company to assist you and your family?
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 Scottish Widows?
Scottish Widows is a life insurance and pensions company located in Edinburgh, Scotland, and is a subsidiary of Lloyds Banking Group.
Its product range includes life assurance and pensions. The company has been providing financial services to the UK market since 1815.
The company sells products through independent financial advisers, direct to customers and through Lloyds Banking Group bank branches.
What About the Scottish Widows Equity Release Calculator?
Before you consider using the Scottish Widows calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Scottish Widows. So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the Calculator Below 👇
Editor’s Rating: 4.93
Why Consider Scottish Widows?
Scottish Widows Reviews & Ratings
- Scottish Widows Reviews on UK.TrustPilot.com
- Reviews of Scottish Widows on GlassDoor.co.uk
- Scottish Widows Reviewed on FairerFinance.com
Scottish Widows’s Equity Release Scheme Reviews
Homeowners are set to benefit with loan-to-value lifetime mortgage plans as household brand.
Scottish Widows re-enters the equity release market in 2020 offering both drawdown and lump sum options.
Scottish Widows are recognised as one of the strongest life and pensions companies in the UK.
Originally started in 1815 as a mutual, it now helps 6 million UK customers plan their future finances.
Offering services from pensions through to savings and investments under the Lloyds Banking Group.
In 1995 Scottish Widows Bank was launched. It offered customers a range of mortgage products which included a period in the early 2000’s of providing lifetime mortgage products.
In addition, Scottish Widows took over the running of the popular Halifax Retirement Home Plan, which was withdrawn by Halifax in August 2011.
How Did We Review Scottish Widows?
We reviewed Scottish Widows by gathering all the latest information available about it.
This information was then thoroughly researched, vetted and then added to this review for your ease of reference.
Our review of Scottish Widows is independent, and we are not affiliated with it.
Scottish Widows Complaints
If you’re dissatisfied with Scottish Widows and wish to make a complaint, the best option is to go on their website directly.
They care about their clients and will direct you to the appropriate department if possible.
Alternatively, use a review site like Trustpilot or Feefo to leave a review and they’ll respond quickly.
Scottish Widows 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 Scottish Widows.
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!
What Are Scottish Widows Fees?
Scottish Widows fees may include an application fee.
It may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.
Learn More About Scottish Widows
Scottish Widows was founded in 1815 to care for women and children who had lost their fathers, brothers, and husbands during the Napoleonic Wars, and it was named after the people for whom it was established.
They now serve nearly 6 million customers across the United Kingdom after more than 200 years. Their commitment is still the same today: to assist people in making financial plans for the future.
Workplace and individual pensions, annuities, life insurance, critical illness insurance, income protection, and savings and investment products are all available through Scottish Widows.
Customers can get their products and services directly from Independent Financial Advisers, as well as at any Lloyds Bank, Bank of Scotland, or Halifax branch.
69 Morrison Street
EH3 8YFE H 3 8 Y F
- Halifax Financial Services
- Scottish Widows Limited
- Clerical Medical
- Clerical Medical Investment Group Limited
FCA Permitted Services
- Other Services
- Financial Conduct Authority (FAC) ¹
- Financial Services Authority Now the Prudential Regulation Authority (PRA) ¹
- FCA Ref Number: 181655
- FCA Reg Number: 03196171
FCA & Companies House Link
Scottish Widows Contact Number
- 0345 835 6644
- 69 Morrison St, Edinburgh EH3 8BW, United Kingdom
Is The Scottish Widow a Member of the Equity Release Council?
Yes, Scottish Widow is a member of the Equity Release Council.
What Are Scottish Widows' Interest Rates?
The interest rates on Scottish Widows’ equity release products start from 3.49% and go up to 4.49% APR.
Who Owns Scottish Widows?
Scottish Widows is owned by Lloyds Banking Group. This is the same organization that also owns Halifax.
Scottish Widows Jobs?
Scottish Widows advertise its available jobs on its website, which you can find in its dedicated careers area.
Where is Scottish Widow Located?
Scottish Widows is a UK-based organization that is located in Edinburgh, United Kingdom.
Does Scottish Widows Do Equity Release?
Yes, Scottish Widows does equity release.
Is Scottish Widows Equity Release Safe?
Yes, they’re FCA regulated and they’re a member of the equity release council and follow their guidelines.
So here’s the scoop – our intention is to help you by finding the best Scottish Widows equity release 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 👇
Editorial Note: This content has been independently collected by the SovereignBoss 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.