HERO Home Finance 1440X520

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.

Our Home finance products

Equity Release Product

Lifetime Mortgages

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

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Equity Release

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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Lifetime Mortgage products

Capital Select Options

Our flexible lifetime mortgages

  • Choose to repay up to 10% each year
  • Make repayments when it suits you
  • Add a cash reserve to access money later
  • Optional 3% cashback
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Interest Select Options

Manage the interest on your loan

  • Reduce the impact of interest on your loan
  • Pay from 50% to all of the interest each month
  • Pay for a minimum of 5 years, up to the end of the mortgage
  • Add a cash reserve to access money later
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Lifestyle Options

Make the most of your retirement

  • No monthly repayments needed
  • Add a cash reserve to access money later
  • Free inheritance guarantee available
  • Fixed early repayment charges
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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
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Prestige Options

Release more money with no payments

  • No monthly payments
  • Option to add a cash reserve facility
  • Borrow up to £2 million
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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
Learn more

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
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Here’s what you’ll get with Canada Life:

£0 completion fee on our Capital Select Options

We’ve waived the completion fee on our Capital Select Options until 31 December 2020.

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Second Home Options

Find out how to make the most out of your retirement and unlock money from your second home.

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Why choose Canada Life for Home finance?

Wards
Award-winning range of products
Home
Market-leading expertise and customer service
Bank
Part of Great-West Lifeco with over £987bn in assets (as at 30 June 2020)
Home Financev2

Lifetime mortgages

Find out how our lifetime mortgages can be adapted to meet your evolving needs

Lifetime Mortgages

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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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

Ctas Default Product At A Glance Find An Adviser CTA 864X480

Find an adviser

Get a tailored quote for this product from a financial adviser. To find one, visit the Equity Release Council.

Find an adviser
Your Investment Choices Cogworks Extended Fund Range 432X240

Customer support

Find answers to commonly asked questions, helpful links, tools and contact details.

Customer support
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Get in touch

Call customer services

0800 068 0212

or send an email

Monday – Friday 9am to 5pm

Other contacts