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Home finance

Unlock the value of your property

Unlock tax-free cash from your property with our award-winning Home finance product range – all without needing to sell your home.

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.

Why choose Canada Life for Home finance?

Award-winning range of products
Market-leading expertise and customer service
Part of Great-West Lifeco with over £1,539bn in assets

What are the risks?

  • A lifetime mortgage is a loan secured against your home and subject to compound interest, meaning the amount you owe can grow quickly
  • Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits
  • Equity release may leave you with limited or no property equity remaining
  • Equity release will reduce your financial options in the future
  • A lifetime mortgage is a long-term financial product and is not designed to be fully repaid until the death or entry into long-term care of the last remaining borrower, otherwise early repayment charges may apply
  • You should always think carefully before securing a loan against your home to repay existing debt

Our Home finance products

Lifetime Mortgages

Our lifetime mortgages let you release cash from your main property or second home

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Buy-to-Let Mortgages

Our later life buy-to-let mortgages let you release cash from your buy-to-let property

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Beyond the Numbers

Our human-centric approach to underwriting

 

Webinar: Beyond the numbers

Case Study 1 : Worth, Kent

WeCare

Offering you and your family a full range of virtual health and wellbeing services around the clock. New or existing home finance customers can speak to a UK-based GP, receive mental health support and access legal or financial guidance – all from the comfort of your own home.

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Capital Select Options

Our Capital Select Options do not include a completion fee
We won’t charge you any fees to set up this mortgage, which means there’s no valuation or completion fee. However, you’ll still need to pay solicitor and adviser fees.

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Learn more about Home finance

Equity release explained

Understand how equity release works

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Our eligibility

Find out if you’re eligible for home finance

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Taking out a mortgage

Understand how to take out a mortgage with us

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