Papilio Equity Release And Lifetime Mortgage Review in 2024

Is Papilio Equity Release Still Operational in 2024? Discover if Papilio Still Exist and What Your Options Are With Papilio Equity Release. Read On…
  • Last Updated: 05 Feb 2024
  • Fact Checked
  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.


Francis Hui

Key Takeaways

  • Papilio equity release is a financial product intended for homeowners aged 55 or above, providing them an option to release capital from their property while staying in their home.
  • It works by securing a loan against your home's value, which you or your estate can repay when the home is sold, generally upon moving into long-term care or death.
  • The benefits include providing a tax-free lump sum or regular income, while the risks include reducing your estate's value and affecting your eligibility for means-tested benefits.
  • To apply, you need to contact a specialist adviser who can guide you through the application process, which involves a property valuation and legal procedures.
  • The amount you can borrow usually depends on your age, property value, and health circumstances, typically allowing you to release a percentage of your home's value.

Are you wondering if Papilio’s equity release still exists, what services it offers, and if it is one of the best equity release companies in the UK?

Choosing the right equity release provider is a crucial step, but it can also be daunting.

If you want to get the most out of your equity release scheme, it is vital that you have all the information you need to make an informed decision.

In This Article, You Will Discover:

    At Every Investor, our research team has spent countless hours reviewing equity release information and putting it together in an easy-to-use format.


    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 Papilio. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Papilio.

    Who Is Papilio Equity Release?

    Papilio UK Equity Release Mortgages Ltd operates as a lifetime mortgage servicing firm under Intertrust Management Limited.

    It looks after the equity release customers that were part of the portfolio JP Morgan bought from Northern Rock in 20081.

    What Are Equity Release Mortgages?

    Homeowners aged 55 and over can exploit equity release to liquidate part of their home's equity.

    It offers a method to access this value in cash form, without selling the property.

    The loan's distinctive repayment plan involves settling the amount, with interest, from the property's eventual sale, often coinciding with the owner's life-altering events.

    Learn More: What Is An Equity Release Loan?

    What Is the Process for Applying for a Papilio Equity Release?

    Applying for a Papilio Equity Release begins with an initial consultation with a financial advisor, who will discuss the process, assess your finances, and determine if an equity release is suitable.

    If so, the advisor will help you understand the benefits, risks, and complexities of this financial product.

    This includes explaining the potential impact on your estate and entitlements to means-tested benefits.

    Next, they submit your application, which involves a valuation of your property by Papilio's approved surveyor.

    Assuming everything goes well, an offer letter is issued detailing the terms of your equity release.

    Once you accept the offer, your solicitor completes the legal work and the funds are sent to your bank account.

    This whole process typically takes 8-12 weeks.

    It is important to note that Papilio Equity Release is exclusively for UK homeowners aged 55 and above.

    What Services Does Papilio Equity Release Offer?

    Papilio Equity Release only offers services to existing customers previously with Northern Rock.

    Does Papilio Offer Equity Release or Lifetime Mortgages?

    No, Papilio Equity Release does not offer any new equity release schemes, but it does look after the equity release plans bought by JP Morgan from Northern Rock.

    What Are Equity Release Interest Rates?

    Equity release interest rates currently range from 5.20% to 6.30%* (AER).

    *While we regularly review our rates, these may have changed since our last update.

    What Are Papilio Equity Release’s Fees?

    If you have an existing Northern Rock home equity release plan managed by Papilio Equity Release, you will probably pay annual management fees.

    Does Papilio Equity Release Have An Equity Release Calculator?

    No, Papilio Equity Release does not have an equity release calculator.

    If you are looking for an equity release calculator, you can simply use the one below for an approximation.

    What Are The Advantages and Disadvantages of Using Papilio Equity Release?

    The advantages of using Papilio Equity Release include that if you have an equity release plan with Northern Rock, it will manage it.

    The disadvantages of using Papilio Equity Release include that it does not allow you to take out additional equity on your property.

    More information:

    Papilio Equity Release Pros

    The pros of Papilio Equity Release are:

    • It is been appointed by JP Morgan.
    • It's parent company, Intertrust Management Limited, authorised and regulated in the UK by the Financial Conduct Authority (FCA)2.
    • It is managed the Northern Rock portfolio for the last ten years.

    Papilio Equity Release Cons

    The cons of Papilio Equity Release are:

    • You are not able to access any additional equity from your property.
    • The equity release sector has diversified and seen more flexibility since Northern Rock sold it's plans to JP Morgan.
    • Equity Release will impact the amount of inheritance you can leave.

    How Did We Review the Information on Papilio Equity Release?

    Our experts analysed the business and reviewed all the ‌information available to bring you the details you need in one place.

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

    Customer Complaints

    If you are dissatisfied with Papilio and want to make a complaint, the best place to do so would be on it's website.

    Papilio is concerned about it's clients and will direct you to the appropriate department.

    An alternative option would be to provide an assessment on a review site like Trustpilot3 or Feefo4.

    You can also write to this address:
    1, Bartholomew Lane, London, EC2N 2AX.

    Regulatory Details


    • Financial Conduct Authority (FCA)5

    Registration Numbers

    • FCA Ref Number: 910094
    • Companies House Number: 07687338

    FCA and Companies House Links

    Papilio Equity Release Contact Number and Address

    • 0800 652 2955
    • Intertrust Management Limited, 1, Bartholomew Lane, London, EC2N 2AX.

    Common Questions

    What is Papilio Equity Release?

    How Does Papilio Equity Release Work?

    What are the Benefits and Risks of Papilio Equity Release?

    How Can I Apply for Papilio Equity Release?

    How Much Can I Borrow with Papilio Equity Release?

    Is Papilio Equity Release a Member of the Equity Release Council?

    Who Owns Papilio Equity Release?

    Where Can I Find Papilio Equity Release Jobs?

    Does Papilio Offer Equity Release?

    Is Papilio Safe?

    In Conclusion

    Papilio UK Equity Release Mortgages Ltd operates as a lifetime mortgage servicing firm under Intertrust Management Limited.

    It administers and services the equity release customers that were part of the portfolio JP Morgan bought from Northern Rock in 2008.

    Papilio Equity Release no longer allows you to take out further equity from your property.

    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. To understand the features and risks, ask for a personalised illustration.

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