MoneySuperMarket Equity Release: What to Know in 2024
Contributors:
Expert Verified- MoneySuperMarket guides you in comparing retirement financial solutions beyond equity release with tools that simplify exploring personal loans, refinancing options, and retirement planning.
- Considering they don’t offer equity release directly, you can easily access advice on managing finances with savings, investments, and insurance.
- Make informed decisions on financial products with MoneySupermarket’s comprehensive comparison features, or check out strategies for downsizing or selling assets for retirement cash to help you fulfil your long-term financial goals.
As one of the UK’s leading comparison websites, MoneySuperMarket has a long history of helping consumers save on various home-related expenses—but can it help you with equity release?
In 2019 alone, Moneysupermarket consumers saved a whopping £2bln on home costs, showcasing the platform’s effectiveness in navigating the complex world of financial savings and mortgage comparisons.1
While many turn to MoneySuperMarket with the hope of comparing equity release schemes, it’s important to note that MoneySuperMarket itself does not offer equity release products directly.
However, the platform remains a valuable resource for information and guidance on a wide range of financial decisions, so it is no surprise then that you may be considering MoneySuperMarket to help you compare equity release schemes and other financial retirement solutions.
In This Article, You Will Discover:
Our commitment to providing in-depth knowledge and tools allows users to explore their options comprehensively, including connecting with top service providers and advisors for areas not directly covered by MoneySuperMarket’s services.
Therefore:
NOTE: Every 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 is a leading UK-based price comparison website, offering services to compare a wide range of financial products, including insurance, loans, and utility services, aiming to help consumers save money.
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 provides comparison services for equity release and mortgage products, helping users find competitive deals tailored to their financial needs and circumstances.
Here are some of the products and services:
- Energy
- Travel
- Business
- Mobile Phones
- Mortgages and home finance
- Insurance
- Consumer credit
- Motoring
How Can You Explore Equity Release Funding Through MoneySuperMarket?
You can explore equity release funding on MoneySuperMarket by using their comparison tools to evaluate various plans, rates, and lenders suitable for your financial situation.
What Is Equity Release Funding Through MoneySuperMarket?
Equity release funding through MoneySuperMarket involves using their platform to compare and find equity release schemes that align with individual financial needs and goals.
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 Can You Find the Best Equity Release Supermarket Deals on MoneySuperMarket?
You can find the best equity release deals on MoneMoneySupermarketusing their comparison tools to sift through various offers, ensuring a match with your financial requirements.
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?
MoneySuperMarket offers a range of mortgage rates and buy-to-let options, enabling users to compare and choose deals that best suit their investment and financing needs.
What Are the Best Mortgage Rates Available Through MoneySuperMarket for Equity Release?
The best mortgage rates for equity release available through MoneySuperMarket vary, offering competitive options tailored to fit individual financial situations and equity release needs.
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?
MoneySuperMarket offers buy-to-let mortgage options for equity release planners, providing comparisons of rates and terms to support investment strategies in the property market.
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?
You should consider MoneySuperMarket for your equity release planning due to its comprehensive comparison of deals, ensuring you find a plan that best suits your financial requirements.
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?
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 facilitates choices in the lifetime mortgage market by offering a platform to compare various plans, helping users make informed decisions based on rates and terms.
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.
Does MoneySuperMarket Have An Equity Release Calculator?
Yes, MoneySuperMarket does have an equity release calculator, which 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 can help you plan your equity release by allowing you to estimate the amount you could potentially release from your home, ultimately 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?
The advantages of using MoneySuperMarket for mortgage comparisons include a wide range of options and ease of use, while disadvantages may relate to the overwhelming choice; reviews often praise its comprehensive service.
What Are the Pros and Cons of Using MoneySuperMarket for Mortgage Comparisons?
Using MoneySuperMarket for mortgage comparisons offers pros such as extensive choice and convenience, but cons may include potential information overload, according to user reviews.
Let’s take a closer look:
MoneySuperMarket Pros
The pros of using MoneySuperMarket are as follows:
- 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
The cons of using MoneySuperMarket are as follows:
- 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 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 out 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 comply with UK financial regulations, offering transparency and safety; contact can be made via their website or customer service hotline for detailed inquiries.
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
- FCA Link: FCA Link
- Companies House Link: Companies House 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 Equity Release Through MoneySuperMarket?
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.