Does Lloyds Bank Offer Equity Release?
Lloyds Bank does not directly offer equity release or lifetime mortgages.
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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 Does Lloyds Bank Offer Equity Release
If you've come to this page looking for a Lloyds equity release product, you won't find one. What you will find is an independent introduction service - we introduce you to equity release specialists who are qualified to advise you and who work with Equity Release Council approved lenders such as Aviva, Legal & General, Just, Canada Life, and More2Life.
The options available
Why Lloyds Doesn't Offer Equity Release
Lloyds Bank has chosen to focus on their mainstream mortgage and savings products rather than entering the specialist equity release market. Many high-street banks take this approach - equity release is a specialist product requiring specialist underwriting and adviser qualifications.
Aviva - The Established Alternative
Aviva is one of the UK's most established equity release lenders - 25+ years, £11.9bn released, winner of the 2026 What Mortgage Best Equity Release Lender award. A trusted alternative to a high-street bank.
Legal & General - Award Winner
Legal & General Home Finance won Best Provider at the 2026 Equity Release Awards. Both lifetime mortgage and RIO products available. Recognised by many Lloyds customers from their insurance and investment products.
Just - For Health Conditions
If you have health conditions, Just's enhanced plans may release more than standard plans from any other provider. A major advantage if you have qualifying conditions.
Canada Life, More2Life, Pure Retirement
Three further competitive ERC-approved equity release lenders with strong product ranges and competitive rates. An equity release specialist can compare them against each other and against Aviva and L&G.
Independent Specialist Introductions
Because Lloyds does not offer equity release, you need a specialist. We introduce you to equity release specialists who are qualified to advise you and can recommend the plan that is right for your circumstances, not the lender with the biggest advertising budget.
How It Works
Free consultation
Lloyds customers enquiring about equity release are welcome to speak to us. We introduce you to equity release specialists who can provide the advice Lloyds does not.
Specialist comparison
The specialist can compare Aviva, Legal & General, Just, Canada Life, More2Life, Pure Retirement, OneFamily, LV=, and others for your specific age, property, and circumstances.
Key Facts Illustration
The specialist presents the recommended plan in a standardised KFI for comparison.
Legal advice and completion
Independent solicitor instructed. Completion typically 4-8 weeks.
Speak to our later life lending specialists
Call 0204 6211776 · Introductions to later life lending specialists
Frequently asked questions
Lloyds told me to "speak to an adviser" - what does that mean?
Lloyds will refer you to an equity release specialist because they do not offer the product themselves. We are an independent introduction service - we introduce you to equity release specialists who are qualified to advise you.
Can I get equity release from Halifax (part of Lloyds Banking Group)?
Halifax is also part of Lloyds Banking Group and similarly does not directly offer equity release or lifetime mortgages. The same applies - you need a specialist broker to access the equity release market.
Is equity release from a specialist safer than getting it from a high-street bank?
Equity release products recommended by FCA-regulated, ERC-approved advisers and provided by ERC-approved lenders carry all the consumer protections of the Equity Release Council - regardless of whether the lender is a high-street bank or a specialist. The key protections are the same.
Can I use my Lloyds current account or savings as part of my equity release application?
Your existing banking relationship with Lloyds does not affect the equity release application. The application is assessed on your property value, age, and health. You continue to use your Lloyds current account throughout and after completion.
Will switching to equity release affect my Lloyds savings or pension?
Equity release does not directly affect savings or pensions held with Lloyds. However, releasing a lump sum may affect means-tested benefits if the capital pushes you above thresholds. The specialist adviser you are introduced to will consider this as part of their advice.