Stone Haven Equity Release Review (2025): Complete Guide
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- Stone Haven serves as an informational resource rather than a direct provider of equity release products.
- Stone Haven's equity release products are now offered through Canada Life, providing a broader range of options.
- Explore Stonehaven's informational resources. Utilize Stonehaven's portal to gather insights and information on equity release.
- Access Canada Life's equity release products through Stone Haven's platform for potential solutions.
- Benefit from Stone Haven's expertise and resources to make informed decisions about equity release under the Canada Life brand.
Have you been researching equity release companies and are wondering if Stonehaven equity release is right for you?
It is not an easy task to decide on an equity release provider, especially when there are so many options out there to choose from.
With years of equity release experience, SovereignBoss is in a great position to share what they have discovered.
Is Stonehaven equity release the best?
In This Article, You Will Discover:
Will Stonehaven make it onto an equity release providers list or is it no longer an option?
Discover more:
NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of SovereignBoss only and may not reflect the views or opinions of Stonehaven. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Stonehaven.
Who Is Stonehaven?
Stonehaven Equity Release dates back to as far as 1852.1
As a result of the merger between MGM Advantage and the former equity release lender, Retirement Advantage, was created in 2015.
Further changes took place in 2018 when Canada Life became the brand name for the entire range of retirement income products offered by Retirement Advantage.2
Although the legal name of the company remains Stonehaven UK Ltd, it is now trading as Canada Life.
It's focus has always been on providing retirement products that can be adapted to each individual customer's needs.
Although Stonehaven Equity Release is now an information portal, it offers equity release products under the Canada Life umbrella.
Why Consider Stonehaven?
You may consider Stonehaven Equity Release for its variety of plans and features offered through Canada Life.
A consultation with an equity release mortgage advisor or broker will determine whether this is the provider for you.
Does Stonehaven Equity Release Have a Calculator?
Stonehaven Equity Release does have its own equity release calculator available on its website.
However, why not try our easy-to-use calculator below to obtain an overview of what you could qualify for and approximately how much you could borrow?
Stonehaven Reviews and Ratings
Find out what people have to say about Stonehaven and their experience:
How Did We Review Stonehaven?
We reviewed Stonehaven based on the following:
- Reputation and History – How many years they have been in business, customer reviews, and industry rewards received.
- Financial Strength – Ensuring it is going strong and has adequate funds to meet long-term commitments.
- Product Range – We favour companies offering a variety of equity release schemes with greater product flexibility.
- Interest Rates and Fees – We review competitive rates compared to industry averages and they must be fully transparent about rates and fees without hidden costs.
- Customer Service and Support – When and how it is available, response times, and available online educational resources. As well as online tools, like a calculator.
- Code of Conduct and Compliance – We only consider companies that adhere to recognised industry standards and codes.
- Industry Insights and Peer Reviews – We care about a company’s industry-wide reputation.
- Innovation and Technology – Is there a streamlined, digital application process?
- Client Testimonials – Success stories and the complaints resolution process.
This is an unaffiliated, independent review of Stonehaven.
Stonehaven Complaints
If you are dissatisfied with Stonehaven and want to make a complaint, the best place to do so is on their website.
The alternative option is to use a review site like Trustpilot or Feefo to leave a review.
Stonehaven Equity Release Interest Rates and Schemes Compared
Stonehaven Equity Release schemes are offered through Canada Life.
The schemes available are:
Annual equity release interest rates currently start from 5.97% to 6.28%*.
The latest equity release rates can be seen here.
What Are Stonehaven's Fees?
Stonehaven does not charge fees as they are an information portal, however, the lifetime mortgage plans offered by Canada Life carry fees depending on which plan you choose.
Typical fees could include:
- Valuation Fees
- Completion Fees
- Legal Fees
- Advice Fees
It may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.
In general you could be looking at between £1,500 and £3,000 in equity release costs across the board.3
Stonehaven Core Information
Stonehaven Equity Release was a supplier of unique interest-only lifetime mortgages with a twist, as opposed to standard lump sum lifetime mortgages.
Because of Stonehaven’s success, the firm was acquired by MGM in 20144, and it's products were gradually modified and rebranded to reflect this, with the simplicity of its offering.
Interest Select, Lump Sum, and Voluntary Select.
Retirement Advantage was acquired in January 2018 by Canada Life, and all of its lifetime mortgage plans were thus integrated into Canada Life's offerings.
FCA Details
Regulators
- Financial Conduct Authority (FCA)5
Registration Numbers
- FCA Reg Number: 435892
- Companies House Number: 05487702
FCA and Companies House Link
- FCA Link: FCA Link
- Companies House Link: Companies House Link
Stonehaven Contact Number and Address
- +44 03456060708
- customer.services@canadalife.co.uk
- Canada Life Home Finance, Canada Life Place, Potters Bar, Hertfordshire, EN6 5BA.
Please note that the website stonehavenequityrelease.info is not run by or affiliated with Canada Life and should not be used to compare Canada Life equity release products.
Common Questions
What Are Stonehaven's Interest Rates on Equity Release and Lifetime Mortgages?
Who Owns Stonehaven?
What Are the Pros and Cons According to Stone Haven Equity Release Reviews?
What Are User Experiences in Stone Haven Equity Release?
Conclusion
So, there is what you need to know about Stonehaven Equity Release.
If you are considering a lifetime mortgage, then get in touch with a qualified equity release mortgage advisor or broker to run through all of your options.
Not only will they run you through possible providers and plans, but you will be able to weigh up the pros and cons of equity release.
Remember that equity release can significantly reduce the inheritance you leave behind, could disqualify you from receiving state benefits, and could be a costly way of borrowing.
Although Stonehaven Equity Release is no longer an available option, there are other possibilities for you to explore.
The features mentioned and the amounts raised, are subject to the lender’s criteria, terms, and conditions. These may take into account the age, health, and lifestyle factors in order to provide an enhanced amount.