Lifetime Mortgages
Our lifetime mortgages let you release cash from your main property or second home
Home finance
Unlock the value of your property
Unlock tax-free cash from your property with our award-winning range of home finance products – all without needing to sell your home. Whether it’s your home, a second home or a buy-to-let property, we offer a range of flexible options to help you make the most of your retirement.
Make the most of your retirement with Canada Life.
Our award-winning range of home finance products let you release tax-free cash from your home, second home or buy-to-let property, without the need to sell or transfer ownership.
At Canada Life, we put you in control of your mortgage. You can choose to repay the interest and capital, or be completely free of any repayments - the choice is yours.
All our products come with a fixed interest rate for life, as well as fixed early repayment charges, so you know exactly what to expect from the start.
How to spend the money is completely up to you - you could boost your retirement income, pay off a mortgage, make home improvements, fund care, take a well-earned break or even provide a gift to your loved ones.
Whatever you choose to do, we’re here to help you make the most of your retirement.
WeCare gives home finance customers access to a virtual GP, any time
WeCare gives our home finance customers access to a 24/7 online GP service, plus mental health and wellbeing support. All at any time, in any place.
Explore nowOur Home finance products
Buy-to-Let Mortgages
Our later life buy-to-let mortgages let you release cash from your buy-to-let property
Lifetime Mortgage products
Capital Select Options
Our flexible lifetime mortgages
- Flexibility to repay up to 10% each year
- Add a cash reserve to access money later
- Optional 3% cashback
- Downsize protection
Lifestyle Select Options
Make the most of your retirement
- Choose to repay up to 10% each year
- Add a cash reserve to access money later
- Free inheritance guarantee available
- Fixed early repayment charges
Second Home Options
Unlock cash from your second home
- Choose to make voluntary payments if it suits you
- Free valuations on your second home
- Options to borrow more money
- No affordability checks needed
Buy-To-Let Mortgages
Over 55 Buy-to-Let Lifestyle Option
Release cash with no repayments
- Unlock money from your buy-to-let property
- No affordability assessments
- No minimum income requirements
- Fixed interest rate for the duration of the mortgage
Over 55 Buy-to-Let Voluntary Select Option
Our flexible buy-to-let mortgage
- Choose to repay up to 10% each year
- Flexible repayments from £50 each year
- No minimum income requirements
- No affordability checks required
Home Finance Adviser Portal
Introducing our upgraded portal, with modern, intuitive design to give you more control over how you support your clients.
See what's newHere’s what you’ll get with Canada Life:
Our Capital Select Options are fee free
You’ll get a free valuation when you apply for this product, and we won’t charge a completion fee.
Learn moreSecond Home Options
Find out how to make the most out of your retirement and unlock money from your second home.
Learn moreWhy choose Canada Life for Home finance?
Learn more about Home finance
Risk warning
Both a lifetime mortgage and an Over 55 Buy-to-Let mortgage are a loan secured against your home. They will reduce the amount of inheritance you leave and may affect your tax position and entitlement to welfare benefits.
Next steps
Find an adviser
Get a tailored quote for this product from a financial adviser. To find one, visit the Equity Release Council.
Customer support
Find answers to commonly asked questions, helpful links, tools and contact details.
