At Canada Life, our flexible underwriting approach sets us apart from other providers. Our lending policy covers a wide range of properties, including Grade II* Listed homes, which we will consider on a case-by-case basis.*
Mohammed and Janice have resided in their idyllic countryside abode for many years. Having decided that they would like to gift some money to their grandchildren, they began the process of applying for equity release but had some trouble finding a lender that would accept a Grade II Listed property.
Given that the property was in immaculate condition, Canada Life’s underwriting team accepted the property due to our flexible and pragmatic approach. The property benefitted from many advantages, such as being unique in character and having fantastic assets - such as an indoor swimming pool and sweeping hillside views.
Many Grade II Listed properties are large and located in sought after areas of the UK. Our underwriting team’s adaptive attitude allows us to approach these types of property queries with an open mind to offer the best assistance we can.
Following our review, our team were able to make an offer to Mohammed and Janice which was subsequently accepted.
* Please note that the above case study is an example of exception lending. We will consider all applications on a case-by-case basis.
Beyond the numbers
Join Paul O'Hara, Senior Underwriting Manager at Canada Life, as he discusses our underwriting approach, using real-life examples to illustrate how we've helped our customers achieve their retirement goals.
Contact our Underwriting Team
Phone: 0800 068 0212
Email : hf-underwriting@canadalife.co.uk
Read how Canada Life helped David and Susan secure a mortgage on a modern property built with traditional materials, including a timber and steel frame with tile cladding.
