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Canada Life

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Mark Gregory
Checked for accuracy and updated on 07 May 2024

Canada Life are a leading provider of retirement, investment and protection products and has been operating in the UK since 1903. Canada Life entered the equity release market by acquiring Retirement Advantage in January 2018. Previously, Retirement Advantage was formed by MGM Advantage re-branding in 2015, following the purchase of former equity release lender – Stonehaven Equity Release.

Canada Life’s lifetime mortgage plans offer a ‘design-it-yourself’ approach to equity release. Offering a suite of products such as lump sum, drawdown and flexible voluntary payment schemes - all plans embracing their 8-year fixed early repayment charge ethos.

In partnership with Equity Release Supermarket, Canada Life have launched an exclusive range of 'smartER' lifetime mortgages providing a competitive edge over the rest of the equity release market.

Do the high street banks offer lifetime mortgages?

The ‘big' high street banks - that is Halifax, Barclays, Lloyds, HSBC, Santander, Royal Bank of Scotland (RBS) and Nationwide don’t currently offer lifetime mortgages or equity release plans themselves.

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We understand that with different options to choose from, it can be difficult to find the right lifetime mortgage plan provider for you. That’s why our team of expert and impartial advisers are on hand to answer all your questions and find the right solution for you.

It costs nothing to give us a call and the first and only person you’ll speak to is your local adviser. That’s because we don’t have call centres. Just highly qualified and experienced advisers ready to help you.