Canada Life Equity Release
Canada Life entered the UK lifetime mortgage market in 2018 through the acquisition of Retirement Advantage - one of the early equity release specialists.
Independent introduction serviceAccess to specialist lendersNo obligation
Get Indicative TermsGet indicative terms - free, no obligation
Doulton Money Limited · No obligation enquiry
What happens next
- Fill in the form (2 minutes).
- We'll match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your options.
Important: Equity release is a long-term commitment and will reduce the value of your estate. It may affect entitlement to means-tested benefits. Independent financial and legal advice is required. The specialist brokers we work with source plans from Equity Release Council approved lenders. Your home may be repossessed if you do not maintain required payments on a secured loan.
About Canada Life Equity Release
Their home finance division (Canada Life Home Finance) offers flexible lifetime mortgage plans with competitive drawdown options. As an independent introduction service, we introduce you to equity release specialists who are qualified to advise you and can compare Canada Life against other ERC-approved lenders.
The options available
Canada Life Lifestyle Plan
Canada Life's core lifetime mortgage product. Lump sum or drawdown options. Interest rolls up and is repaid from the eventual property sale. Competitive rates within the market.
Canada Life Drawdown Plan
Flexible drawdown facility with a cash reserve. Interest only accrues on drawn amounts. A cost-effective structure for clients who need money in stages rather than all at once.
Canada Life Optional Payments
Voluntary monthly interest payments to manage roll-up. No obligation - payments can stop at any time without penalty.
Canada Life and Health
Canada Life assesses health at application and may offer enhanced terms for qualifying conditions - releasing more money for shorter life expectancy cases.
Canada Life Property Types
Canada Life considers a range of property types including standard freehold and leasehold properties. Their lending criteria should be checked for non-standard construction or unusual properties.
Specialist Introductions
Canada Life is one of several strong equity release lenders. The specialist we introduce you to can compare their rates and terms against Aviva, L&G, Just, More2Life, Pure Retirement, and others.
How It Works
Specialist introduction
We introduce you to an equity release specialist, who will review your circumstances before approaching Canada Life or any other lender.
Canada Life vs other providers
The specialist can compare Canada Life's illustration against other relevant providers.
Key Facts Illustration
Standardised KFI from the chosen provider.
Legal advice and completion
Independent solicitor. Completion typically 4-8 weeks.
Speak to our later life lending specialists
Call 0204 6211776 · Introductions to later life lending specialists
Frequently asked questions
Is Canada Life a good equity release provider?
Canada Life is an established, FCA-regulated, ERC-approved equity release provider with competitive plans and a track record in the UK market since acquiring Retirement Advantage in 2018. Whether they are the right provider for you depends on your specific age, property, and requirements. An equity release specialist can compare them against other providers.
What is Canada Life Home Finance?
Canada Life Home Finance is the trading name of Canada Life Limited's UK home finance division - the business that handles lifetime mortgages and equity release products. It emerged from the rebranding of Retirement Advantage after Canada Life's acquisition.
Can Canada Life do equity release on a leasehold flat?
Canada Life considers leasehold properties, but criteria apply regarding minimum remaining lease term and other factors. The specialist we introduce you to can check property eligibility with Canada Life and alternative lenders if the property is unusual.
What are Canada Life's equity release rates?
Canada Life's indicative rates are typically within the 6.4%-8.0% AER range (September 2026). Exact rates depend on age, property value, and plan type. Rates change regularly - the specialist you are introduced to can obtain live illustrations.
Can I make partial repayments on a Canada Life lifetime mortgage?
Yes - Canada Life allows voluntary partial repayments on their plans. The annual repayment allowance and the specific terms are detailed in the Key Facts Illustration for the specific plan.