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

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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

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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

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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.

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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?

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.