Moneysupermarket Equity Release And Lifetime Mortgage Review in 2024

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…
  • Last Updated: 02 Feb 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

Key Takeaways

  • The process of equity release with Moneysupermarket involves researching, comparing different deals, applying, and receiving a lump sum or regular payments from your home's value without selling it.
  • To apply, you can start the process online by filling out a simple form on their website with your personal and property details.
  • The pros and cons include a range of beneficial features like competitive rates and no monthly repayments, but it can reduce your estate value and might affect your eligibility for means-tested benefits.
  • Whether it is a good option for you depends on your personal circumstances, such as your age, health, property value, and what you need the funds for.
  • Moneysupermarket equity release may reduce the value of your estate and the inheritance you leave behind, as the loan plus accrued interest is typically repaid from the sale of your home when you pass away or move into long-term care.

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?

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

    It was founded in 1993.2

    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 Is Equity Release Funding?

    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.

    What Is the Best Deal for Equity Release 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.

    Why Consider Moneysupermarket?

    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.3
    • 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.

    What 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

    Does Moneysupermarket Offer Equity Release or Lifetime Mortgages?

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

    What Are Moneysupermarket’s Fees?

    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?

    What Are The Advantages and Disadvantages of Moneysupermarket?

    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 Did We Review the Information On Moneysupermarket?

    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.

    Moneysupermarket FCA Details

    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

    What Is the Process of Equity Release With Moneysupermarket?

    How Can I Apply For Moneysupermarket Equity Release?

    What Are the Pros and Cons of Moneysupermarket Equity Release?

    Is Moneysupermarket Equity Release a Good Option for Me?

    How Does Moneysupermarket Equity Release Affect My Estate and Inheritance?

    Is Moneysupermarket a Member of the Equity Release Council?

    Who Owns Moneysupermarket?

    Does Moneysupermarket Offer Equity Release?

    In Conclusion

    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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