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Sun 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 Sun 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 Sun Life Equity Release Calculator?
Before you consider using the Sun Life equity release calculator, please take note.
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Sun Life's Equity Release & Lifetime Mortgage Schemes
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Who Are Sun Life?
Sun Life Financial, Inc. is a financial services firm based in Canada that specialises in life insurance1 . It is one of the world’s largest life insurance businesses, as well as one of the oldest, dating back to 1865.
SunLife aims to make people’s later lives a little simpler by providing simple and reasonable financial services. Their goods are tailored to the needs of people in their fifties and sixties, so you can relax knowing you’re ready for retirement.
SunLife understands that price, simplicity, and peace of mind are all vital factors for its clients. That is why they do everything they can to provide simple and reasonable goods that might assist their consumers in creating a future plan.
They talked to 50,000 people in their 50s, 60s, and 70s about financial solutions for their Big 50 Report, which helped the business better understand their clients’ interests and goals. As a result, they have firsthand knowledge of what they can give individuals, and their products and services are really gratifying.
SunLife is also a member of the Financial Conduct Authority, the Financial Services Compensation Scheme, and the Data and Marketing Association, all of which are completely regulated.
Their partners are members of the Funeral Planning Authority and the Equity Release Council (Age Partnership) (Dignity).
- Financial Conduct Authority
- Financial Services Authority
Sun Life Info
Got Questions About Sun Life & Lifetime Mortgages? Check These First
Is Sun Life A Member of the Equity Release Council?
Sun Life is not a member of the Equity Release Council.
What Are Sun Life's Interest Rates on Equity Release?
Sun Life’s interest rates for equity release start at 3.8% on its flexible repayment mortgage, which is fixed over the term of the loan and comes with free lifetime cover from Age UK.
Who Owns Sun Life?
Sun Life was founded in 1810 as a mutual life insurance company to provide cover to local workers who paid a weekly “premium”, and it is still owned by its members.
Where is Sun Life Located?
Sun Life’s head office is located in Liverpool, with branch offices in London, Manchester, and Sunderland.
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.