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Lifetime Mortgages

Unlock the value of your home

Unlock the value of your home with our flexible range of lifetime mortgages. Our lifetime mortgages are a type of equity release that lets you release tax-free cash from your property value. You’ll get a long-term loan that’s designed to last for the rest of your life, giving you real peace of mind.

Lifetime Mortgages

Products we offer

Capital Select Options

Our flexible lifetime mortgages

  • Flexibility to repay up to 10% each year
  • Add a cash reserve to access money later
  • Downsizing protection
Learn more

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
  • Inheritance protection guarantee available
  • Fixed early repayment charges
Learn more

Second Home Options

Unlock cash from your second home

  • Make voluntary payments if it suits you
  • Free valuations on your second home
  • Options to borrow more money
  • No affordability checks needed
Learn more

Here'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 more

Second Home Options

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

Learn more

Why choose Canada Life?

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

What are the risks?

A lifetime mortgage is a loan secured against your home. It will reduce the amount of inheritance you leave and may affect your tax position and entitlement to welfare benefits.

Learn more about home finance

Equity release explained
Understand how equity release works

Our eligibility
Find out if you’re eligible for home finance

Taking out a mortgage
Understand how to take out a mortgage with us