MoneySuperMarket Equity Release: What to Know in 2024

Moneysupermarket highlights the top equity release schemes based on factors like interest rates, flexibility, and customer service, aiming to help homeowners find the best option for accessing their home's equity. They provide comparisons to ensure users can make informed decisions.
  • Last Updated: 21 Mar 2024
  • Fact Checked
  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.

Contributors:

Francis Hui
Can Moneysupermarket Save You Money on Equity Release? Find Out What It Does and if It Can Help With Your Equity Release Dreams. We Have the Information for You Here...
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Key Takeaways
  • Moneysupermarket does not offer equity release products but can help you compare alternative financial solutions for your retirement needs.
  • Utilize Moneysupermarket’s tools to explore personal loans, mortgage refinancing, or retirement planning services as potential alternatives to equity release.
  • Consider Moneysupermarket’s resources for advice on savings, investments, and insurance to manage your finances effectively without equity release.
  • Explore Moneysupermarket’s guides on downsizing or selling assets as alternative strategies to accessing cash in retirement.
  • Use Moneysupermarket to compare the costs and benefits of different financial products, helping you make an informed decision that aligns with your long-term financial goals.

Can Moneysupermarket help you save on equity release?

In 2019 alone, Moneysupermarket consumers saved a whopping £2bln on home costs!1

It is no surprise then that you may be considering Moneysupermarket to help you compare equity release schemes.

In This Article, You Will Discover:

    Our team of dedicated equity release experts has searched far and wide to identify some of the top service providers and advisors.

    Therefore:

    NOTEEvery Investor is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of Every Investor only and may not reflect the views or opinions of Moneysupermarket. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Moneysupermarket.

    Who is Moneysupermarket and What Services Do They Offer?

    Moneysupermarket, a leading comparison site, offers a broad range of financial services, including equity release.

    Who Is Moneysupermarket?

    Moneysupermarket is a UK-based price comparison website that covers a range of services.

    It was founded in 1993.2

    When it comes to equity release, Moneysupermarket gives you access to tools, services, and products that can help you make a more informed and financially smart decision.

    The website extends to fields such as car insurance, mortgages, and home insurance, among others.

    What Equity Release and Mortgage Services Does Moneysupermarket Offer?

    Moneysupermarket allows you to compare, switch, and save on the following services and products:

    • Energy
    • Travel
    • Business
    • Mobile Phones
    • Mortgages and home finance
    • Insurance
    • Consumer credit
    • Motoring

    How Can You Explore Equity Release Funding Through Moneysupermarket?

    Moneysupermarket guides users through exploring various equity release funding options.

    What Is Equity Release Funding Through Moneysupermarket?

    Homeowners aged 55 and over have the option of equity release to monetize their home’s equity.

    It’s a financial path to convert property value into cash without relinquishing ownership, known as equity release funding.

    Equity release is unique in its repayment approach.

    The amount borrowed and interest are repaid upon the home’s future sale, typically following the owner’s death or transition to care services.

    How to Find the Best Equity Release Supermarket Deals on Moneysupermarket?

    At Moneysupermarket, the best deal for equity release varies based on the customer’s specific requirements and the current market rates.

    In general, the most competitive equity release schemes on this platform are those with the lowest interest rates, highest loan-to-value ratios, and flexible repayment terms.

    It’s crucial to keep in mind that such ‘best deals’ are subject to fluctuation due to market volatility and individual lender’s terms and conditions.

    Moneysupermarket’s comparison tool can be used to identify the best equity release deal.

    This tool not only compares the interest rates but also weighs in on crucial factors like early repayment charges, drawdown facilities, and inheritance protection.

    This unique feature gives customers the ability to make a well-informed decision that best suits their financial circumstances.

    What Are the Mortgage Rates and Buy-to-Let Options Available Through Moneysupermarket?

    Explore competitive mortgage rates and buy-to-let options for equity release on Moneysupermarket.

    What Are the Best Mortgage Rates Available Through Moneysupermarket for Equity Release?

    Moneysupermarket provides access to some of the most competitive equity release mortgage rates in the market.

    By comparing offers from various lenders, you can find rates that suit your financial situation and goals.

    Remember, the best rate for you depends on your specific circumstances, including your property’s value, your age, and the amount of equity you’re looking to release.

    What Buy-to-Let Mortgage Options Does Moneysupermarket Offer for Equity Release Planners?

    For those considering equity release to invest in buy-to-let properties, Moneysupermarket offers a variety of mortgage options.

    These tailored solutions cater to investors looking to expand their portfolio or enter the rental market for the first time.

    By leveraging the equity in your current home, you can secure funding for buy-to-let investments, potentially increasing your income during retirement.

    Why Should You Consider Moneysupermarket for Your Equity Release?

    Moneysupermarket stands out as a trusted platform for equity release and lifetime mortgages.

    Why Consider Moneysupermarket for Your Equity Release and Lifetime Mortgages?

    You should consider Moneysupermarket because it is committed to helping you save money.

    Additionally, Moneysupermarket is:

    • Widely known as one of the leading price comparison sites in the UK.
    • It has years of experience in the industry, making it a credible option.
    • Moneysupermarket allows you to connect with other reliable service providers with ease.

    Does Moneysupermarket Offer Equity Release and Lifetime Mortgage Options?

    Moneysupermarket does not offer equity release directly, but it has partnered with Fluent Mortgages to help find you the best deals.

    What Tools and Assistance Does Moneysupermarket Offer, Including Calculators and Fees?

    Moneysupermarket offers various tools and services, including calculators and a breakdown of fees, to aid in equity release planning.

    How Does Moneysupermarket Facilitate Choices in the Lifetime Mortgage Market?

    Moneysupermarket stands out by offering a comprehensive comparison of lifetime mortgage products.

    This comparison not only includes rates but also the terms and features of each product, helping you understand the nuances of what’s available.

    Such detailed information empowers you to choose a lifetime mortgage that aligns with your financial planning, lifestyle needs, and long-term goals.

    What Are the Fees for Moneysupermarket’s Equity Release Service?

    Moneysupermarket is paid by the companies they work with, which does not affect how much you pay for your chosen product or service.

    Does Moneysupermarket Have An Equity Release Calculator?

    Yes, Moneysupermarket does have an equity release calculator.

    The calculator is in partnership with Fluent Lifetime.

    It provides you with an estimate of how much equity you can unlock.

    Before using the Moneysupermarket calculator, why not try the calculator below to obtain an approximation as a comparison?

    How Can the Moneysupermarket Mortgage Calculator Help Plan Your Equity Release?

    The Moneysupermarket mortgage calculator is a crucial tool for planning your equity release.

    It allows you to estimate the amount you could potentially release from your home, helping you to budget and plan for the future with greater accuracy.

    By inputting your property value and mortgage balance, you get an instant calculation of how much equity you could access, ensuring you make informed decisions about your financial future.

    What Are the Advantages, Disadvantages, and Reviews of Moneysupermarket for Mortgage Comparisons?

    Moneysupermarket’s mortgage comparison services are evaluated, highlighting advantages, disadvantages, and customer feedback.

    What Are the Pros and Cons of Using Moneysupermarket for Mortgage Comparisons?

    The advantages and disadvantages of using Moneysupermarket’s services for comparing mortgage options are carefully analysed.

    Moneysupermarket Pros

    • Gives you a variety of options to compare and weigh up against each other.
    • Saves you time.
    • You gain access to experienced advisors and service providers.

    Moneysupermarket Cons

    • Being exposed to too many options could be confusing.
    • Equity release could decrease the inheritance you leave behind as you will ultimately lose ownership of the property.

    How We Reviewed Moneysupermarket’s Mortgage Comparison Services?

    In reviewing Moneysupermarket’s information, we researched it’s history, it’s services, and it’s customer reviews.

    There are only a few negative reviews of Moneysupermarket online which suggest that it is meeting its customer needs.

    NOTE: This article is an unaffiliated, third-party, independent review of Moneysupermarket.

    Moneysupermarket Customer Reviews

    Moneysupermarket customer reviews have been largely positive. 

    Of the 2,000+ reviews on Reevoo, Moneysupermarket scored an online rating of 8.1. 4

    Moneysupermarket is highly rated for ease of use and the variety of options presented to customers.

    Moneysupermarket Complaints

    Moneysupermarket complaints can be emailed to it’s customer service team at customerservices@moneysupermarket.com.

    Alternatively, you can fill in the contact form available on the company website.

    If you prefer to make a more public complaint, you can leave your comments on review sites such as Trustpilot5 or Feefo6.

    What Are the Regulatory Details for Moneysupermarket’s Equity Release Services? And How Can You Contact Moneysupermarket?

    Moneysupermarket’s equity release services are regulated, with details provided for contact and further enquiries.

    Moneysupermarket FCA Details

    Moneysupermarket is regulated by the FCA, with full details accessible for consumer confidence.

    FCA Address

    Moneysupermarket House, St. Davids Park, Ewloe, Deeside, Flintshire, CH5 3UZ, UK.

    Trading Names

    • MoneySavingExpert.com
    • MoneySuperMarket
    • TravelSupermarket.com
    • OnTrees
    • Insuresupermarket.Com
    • Moneysupermarket.Com
    • Mortgage 2000 Group
    • Paaleads.Com
    • Professional Advisor Alliance
    • Travelsupermarket.Com
    • Moneysupermarket.com Financial Group Limited

    FCA Permitted Services

    • Mortgages and Home Finance
    • Insurance
    • Consumer Credit

    Regulators

    • Financial Conduct Authority (FCA)7

    Registration Numbers

    • FCA Ref Number: 303190
    • Companies House Number: 03157344

    FCA Link

    Moneysupermarket Contact Number

    Moneysupermarket’s contact number is:
    0333 123 1983.

    Common Questions

    How Does the Equity Release Process Work With Moneysupermarket?

    What Are the Pros and Cons of Moneysupermarket Equity Release?

    Is Opting for Moneysupermarket Equity Release the Right Choice for You?

    How Does Moneysupermarket Equity Release Affect My Estate and Inheritance?

    Does Moneysupermarket Offer Equity Release?

    Concluding Thoughts on Using Moneysupermarket for Equity Release

    It is safe to say that Moneysupermarket is worth considering if you are looking for some of the best deals on the market.

    Moneysupermarket is authorised and regulated in the UK by the FCA and adheres to it’s guidelines.

    Through its partnership with Fluent Mortgages, you can consider your options and decide if equity release is right for you.

    The features mentioned and the amounts raised, are subject to the lender’s criteria, terms, and conditions. These may take into account the age, health, and lifestyle factors in order to provide an enhanced amount.

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