Sun Life Equity Release Reviews (2022)

We Review Sun Life Equity Release & Look at the Pros, Cons & Schemes They Offer
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Considering Sun Life Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Sun Life Lifetime Mortgage Schemes Are for You.

Before You Start Reading…

How Much Can You Release? 👇

 

Equity Release Calculator

Value of Your Home?

50000

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🔒 100% Safe & Fast

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Sun Life Equity Release


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?

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 Sun Life 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 Sun Life the ideal equity release loan company to assist you and your family?

TABLE OF CONTENTS

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 Sun Life?

Sun Life 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 1865.

What About the Sun Life Equity Release Calculator?

Before you consider using the Sun Life calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Sun Life.

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

How Much Can You Release?

Use the Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

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Why Consider Sun Life?

Founded in 1820, SunLife Ltd is a UK-based financial services company.

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

In 2018, SunLife partnered with Age Partnership.

SunLife Reviews & Ratings

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

Sunlife Online Rating

SunLife Equity Release Complaints

If you’re unhappy with Sun Life 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.
  • SunLife’s partners (Age Partnership) is a member of the Equity Release Council therefore all of their equity release products come with a ‘no negative equity’ guarantee which means you will never owe more than the value of your home.
  • In addition, equity release schemes are also regulated by the Financial Conduct Authority (FCA).
  • The SunLife equity release service is provided by award-winning specialists Age Partnership.

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: 4.81

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

Sun Life Equity Release Interest Rates & Schemes Compared

Sun Life Scheme Features

  • Average Interest Rates: 3.16%
  • 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?

These are some of the schemes offered or covered by Sun Life.

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!

Learn More About Sun Life

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

Companies House Link

Sun Life Contact Number & Address

Got Questions

Is Sun Life a Member of the Equity Release Council?

What Are Sun Life's Interest Rates on Equity Release?

Who Owns Sun Life?

Where is Sun Life Located?

Does Sun Life Do Equity Release?

Is Sun Life Equity Release Safe?

Conclusion

So here’s the scoop – our intention is to help you by finding the best Sun Life 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 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

Featured In
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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.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
francis

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

As Featured In
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