Is SunLife 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?

Let’s find out NOW!

Is SunLife the ideal company to assist you and your family?

This website (SovereignBoss) is not related to, or a part of SunLife. The views in this article are our own & may not reflect those of SunLife.

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 SunLife?

SunLife Financial, Inc. is a financial services firm based in the UK 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 1810.

What About the SunLife Equity Release Calculator?

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

It’s always good to shop around so first use this calculator and see how much you could release.

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

Why Consider SunLife?

Founded in 1810, SunLife Ltd is a financial services company based in the UK and is best known for its range of services that are aimed at customers over 50¹.

In 1900, it became the first company to offer life insurance without a medical.

In 2018, SunLife partnered with Age Partnership, one of the UK’s largest equity release brokers, and in 2022 partnered with Standard Life Equity Release which is a trading name for Key Retirement Solutions Ltd.

SunLife Reviews & Ratings

SunLife equity release has a 4.7 rating on Trustpilot, making them a favourable option for equity release.

Sunlife Online Rating

• Customer reviews for SunLife on UK.TrustPilot.com
• Feefo.com Review of SunLife

How Did We Review SunLife?

We reviewed SunLife by gathering all the latest information available about it.

Our review of SunLife is independent, and we are not affiliated with it.

SunLife Equity Release Complaints

If you’re unhappy with SunLife and would like to make a complaint then the best way to do this is 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

Pros

• Several products to choose from.
• Price-match guarantee.
• Lenient eligibility criteria.
• You continue to live in your own home until you or your partner, if named on your equity release scheme, die or move into a care home.
• You can still move home with an equity release scheme but fees may apply.
• In addition, equity release schemes are also regulated by the Financial Conduct Authority (FCA).

Cons

• Interest can compound quickly, leaving little for your beneficiaries after you die.
• There is little flexibility when it comes to early repayments. You’ll nearly always face an early repayment charge.

Editor’s Rating: 4.6

Qualification Criteria

• Minimum Amount of Equity Offered: £10,000
• Maximum Amount of Equity Offered: Not specified
• Minimum Age Limit: 55 years
• Maximum Age Limit: Not specified
• Property Minimum Value: £70,000
• Property Types: Houses that are detached, semi‑detached, or terraced, bungalows, and flats

SunLife Equity Release Interest Rates & Schemes Compared

SunLife Scheme Features

• Customer Review Ratings: A+
• Special Features: Free valuation an get up to 65% of your home’s value

Are you looking for a specific equity release scheme?

View the most current rates here.

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

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 SunLife’s Fees?

SunLife 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 SunLife

SunLife is a plan provider designed for over 50s.

They offer: 

• Life insurance for over 50s
• Equity release
• Funeral plans
• Home insurance

Sunlife won the 2021 Feefo Trusted Service for consistently delivering excellence.

FCA Details

Regulators

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

Registration Numbers

• FCA Reg Number: 05460862

FCA & Companies House Link

• FCA Link: FCA Link
• Companies House Link: Companies House Link

SunLife Contact Number & Address

• +44 1256 841 414
• contactus@sunlife.co.uk
• SunLife 1 Wythall Green Way, Wythall, Birmingham B47 6WG

Common Questions

Conclusion

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

Editor’s Note: The information contained in this website is for general information purposes only & while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. View our editorial guidelines.

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