Halifax Equity Release Reviews (Updated 2022)

Is Halifax Equity Release Any Good & Safe? We Review the Pros, Cons & Scheme Features
Are You Considering Halifax Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Halifax Lifetime Mortgage Schemes Are For You.
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Halifax Equity Release

While some equity release providers focus solely on later-life lending, others are massive banks that offer a wide range of financial products.

Do you think that a leading, multifaceted financial institution is the best place to find an equity release product? You might be right!

With branches across the UK, could Halifax bank be the equity release lender you’ve been searching for?

This article will explore:

  • What is Halifax Bank?
  • The equity release products are available through Halifax.
  • Additional services that they offer.

After reviewing more than 220 equity release plans available in Jun 2022, we have concluded that Halifax is an institution work considering.

Here’s why!

Before You Start Reading….

Let’s See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

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What is Equity Release

Equity release is a variety of services that allow you to access the equity (cash) invested in your house if you are above 55.

It’s a mortgage against the value of your estate while you live there.

You have the option to receive the money in one lump sum, drawing down on it bit by bit, or receiving a constant flow of money.

Are You Looking for the Halifax Equity Release Calculator?

Before you consider using the Halifax equity release calculator, we want you to know that we’ll probably be able to find you a better rate and that means a great saving!

Before You Start Reading….

Let’s See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast

It’s VERY FAST, takes just 8 seconds

Halifax Reviews

Halifax Equity Release Complaints

If you’re dissatisfied with your experience and want to file a complaint, the easiest way to do so is to contact them directly through their website.

They are concerned about their clients’ needs and will refer you to the appropriate department.

Alternatively, you can submit a review on a review site like Trustpilot or Feefo, and they will swiftly contact you to assist.

Does Halifax Offer Lifetime Mortgages & Home Reversion Schemes?

Halifax doesn’t offer lifetime mortgages or home reversion schemes.

However, they have a partnership with Scottish Widows Bank, which does offer equity release plans.

If you contact Halifax for equity release, they will put you in touch with Scottish Widows.

Scottish Widows offers lifetime mortgage plans.

What is a Lifetime Mortgage?

A lifetime mortgage is the most widely used type of equity release available in Jun 2022.

Essentially, it allows you to use some of the value of your home as a  tax-free loan, with your home as collateral.

The loan and interest accrued are then repaid from the sale of the property when the last homeowner dies or goes to long-term care.

An Introduction to Halifax Bank

Halifax is a British banking brand owned by the Bank of Scotland, which is a wholly-owned subsidiary of Lloyds Banking Group.

It was first opened as a building society in Halifax, West Yorkshire, in 1853 and subsequently known as the Halifax Building Society.

Services Offered by Halifax

The services offered by Halifax bank are accounts, ISA’s, savings and investment solutions, credit cards, loans, home insurance, mortgages, and asset insurance.

Halifax Equity Release Products

As mentioned above, Halifax bank doesn’t offer equity release, but they have partnered with Scottish Widows. Scottish Widows plans have the following features:

  • Available for homeowners aged 55 to 85.
  • Lump-sum and drawdown facilities.
  • Full property ownership with no monthly repayments.’
  • Joint name plans.
  • In-house equity release advice.

The Pros & Cons of Equity Release with Halifax

The pros of equity release with Halifax is that their provider, Scottish Widows, is an Equity Release Council member.

The cons of equity release with Halifax is that they don’t offer plans themselves, so they won’t be responsible for any issues or complaints.

Why Should I Consider Equity Release with Halifax?

You should consider equity release with Halifax if you are already a member of the bank.

Otherwise, your best bet is to contact an independent financial adviser who will advise if Scottish Widows is the best plan provider to cater to your needs.

Halifax Contact Number

Got Questions About Halifax?

Is Halifax a Member of the Equity Release Council?

Who Owns Halifax?

Does Halifax Do Equity Release?

Is Halifax Equity Release Safe?

Is Halifax Not the Solution for You?

Browse through all the regulated plan providers that we have shared, as there will likely be the ideal lender for you and your family.

Also, be sure to check all the alternatives, as equity release should be a last resort.

Conclusion

If you’re looking for Halifax equity release and want the best rate use the form below.

Before You Go…

Use the FREE Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast

It’s VERY FAST, takes just 8 seconds

Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.