Stone Haven Equity Release: What Should You Know in 2024?

Stone Haven does not offer equity release products. Instead, they focus on providing financial solutions for homeowners over 55 that do not involve tapping into home equity, ensuring long-term financial stability with unique inheritance protection options.
  • Last Updated: 17 May 2024
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  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.

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Francis Hui
Do You Want To Know More About Stonehaven? Learn About the Services They Offer and if They Are What You Need in a Your Retirement Journey. Read On...
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Key Takeaways
  • Stone Haven doesn’t offer equity release, but dig into their offerings to find fits that might better suit your financial goals than the typical equity release deal.
  • Investigate Stone Haven’s flexible and alternative financial solutions for the over-55s to work on your property’s worth and boost your assets or income—a fresh take on tapping into your home’s value.
  • With Stone Haven’s financial alternative offerings, you may discover you have more control over your financial future compared to the constraints of equity release.

Are you eager to find out more about Stonehaven and its retirement solutions?

Dive into our crisp, comprehensive guide to Stonehaven’s financial offerings, as we are here to share detailed information about the company in this all-inclusive profile.

In This Article, You Will Discover:

    We have spent endless hours gathering the latest brand information with multiple expert consultations and detailed reviews of leading brands in the industry.

    Therefore:

    Who Offers the Lowest Rates in 2024?

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    • Who offers the LOWEST rates available on the market.
    • Who offers the HIGHEST release amount.
    • If you qualify for equity release.
    Stonehaven Home Equity Release

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

    Who Can Benefit From Stonehaven’s Retirement Financial Solutions?

    Individuals planning for retirement can benefit from Stonehaven’s financial solutions, which offer tailored support and products designed to enhance financial security in later life.

    Who Is Stonehaven in the UK?

    Stonehaven is an information portal about retirement financial services, equity release, and equity release schemes and providers, although they do not offer equity release directly.

    Retirement Advantage was created through MGM Advantage’s rebrand, which took place in 2015 following its acquisition of the former equity release lender, Stonehaven Equity Release.1

    Their roots date back to 1852 and They have remained consistent in maintaining a portfolio of retirement products that can be tailored to the individual needs of each consumer. 2

    Most Popular Uses for Stonehaven Financial Services

    The most popular uses for Stonehaven’s financial services include:

    • Gaining access to tax-free cash to supplement retirement income.
    • Paying off a mortgage, debts, or loans.
    • Giving money to family members and children who may need an income boost.
    • Taking a dream trip.
    • Buying the car of one’s dreams.
    • Renovating one’s home or garden, which also should increase the property value.

    What Were the Legacy Features and Products of Stonehaven’s Equity Release?

    Stonehaven once provided lifetime mortgages for retirees to unlock home value, offering competitive rates and inheritance protection, later rebranded or integrated into other financial institutions’ offerings.

    As Stonehaven does not offer equity release, exploring its range of financial solutions reveals alternative key features designed to support retirement planning effectively.

    What Equity Release Services Did Stonehaven Offer?

    Stonehaven once offered equity release, but is now only an information portal regarding equity release and different equity release types.

    Retirement Advantage acquired Stonehaven as an equity release provider in 2015.3

    To find out more about equity release options through Retirement Advantage, click here.

    This unique arrangement typically involves the repayment of the loan and any accrued interest from the proceeds of the home’s sale, usually occurring after the homeowner’s death or when they move into a care facility.

    What Types of Equity Release Did Stonehaven Offer?

    There were two equity release options previously available:

    • Lifetime mortgage: A mortgage secured on your property (provided it is your main residence), while retaining ownership.
    • Home reversion: This is where you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living on the property until you pass away, but you must agree to maintain and insure it.

    How Does One Apply for Stonehaven Financial Solutions?

    To apply for Stonehaven’s financial solutions, individuals must contact their customer service or visit their website to review options and complete the necessary application process.

    What Is the Process of Applying for Retirement Financial Solutions?

    Applying for retirement financial solutions involves assessing your financial needs, consulting with advisers, and completing an application with the chosen provider to secure the appropriate product.

    The journey continues with expert advice from financial advisers or retirement planning specialists, as these professionals can demystify the array of available retirement financial solutions, offering tailored advice based on your financial circumstances, risk appetite, and retirement horizon.

    The final step involves formally applying for the selected financial solution through the provider, which may require filling out forms and supplying the necessary documentation to verify your financial standing.

    Following application approval, you’ll receive detailed information about your product, including management guidance and any associated costs, setting the stage for a more secure retirement.

    Throughout, clear communication with both advisers and institutions is key to fully understanding and maximising your retirement financial solution.

    Does Stonehaven Offer an Equity Release and Lifetime Mortgage Calculator?

    As Stonehaven does not offer equity release or lifetime mortgages, there is no equity release and lifetime mortgage calculator available from them.

    We, however, have a free calculator for you to use—have a look at our equity release calculator for an approximation:

    How Does Stonehaven’s Financial Services Impact Financial Planning?

    Stonehaven’s financial services significantly impact financial planning by offering tailored advice and solutions that align with clients’ long-term goals, enhancing their financial stability and retirement readiness.

    Does Stonehaven’s Financial Services Affect Your Estate Value and Inheritance?

    Stonehaven’s financial services can affect your estate value and inheritance by structuring investments and retirement plans that aim to optimise wealth preservation and transfer to beneficiaries.

    However, Stonehaven offers plans that allow you to protect a portion of your property’s value for inheritance purposes, helping you balance financial freedom today with your legacy wishes.

    Are There Tax Implications When It Comes to Stonehaven’s Financial Services?

    There are tax implications associated with Stonehaven’s financial services, as investments and retirement planning decisions can affect your tax status and liabilities.

    For instance, if you invest the money, any income or gains from those investments could be subject to taxation.

    It’s important to consider these potential implications and consult with a financial adviser to plan effectively for your retirement finances.

    What Costs Are Involved With Stonehaven Financial Retirement Services?

    The costs involved with Stonehaven’s financial retirement services vary, depending on the product chosen and include fees for advice, management, and any specific product charges.

    What Fees Are Associated With Stonehaven?

    The fees associated with Stonehaven’s services depend largely on the specific financial products and services chosen by the client, but generally, these could include initial consultation fees, ongoing management fees, and possibly charges for specific transactions or services rendered.

    Initial fees typically cover the cost of setting up your financial plan or investment portfolio, while ongoing management fees compensate for the continuous oversight and adjustment of your financial strategies.

    Transaction fees, if applicable, are charged for specific actions taken within your account, such as buying or selling investments.

    Stonehaven, like many financial institutions, aims to provide clarity and value in its fee structure, aligning its services with the financial goals and needs of its clients.

    What Are the Early Repayment Options and Penalties with Stonehaven?

    The specific terms and conditions of each financial product that the client chooses would typically determine early repayment options and any associated penalties.

    For products that might include early repayment features, options could range from full to partial repayments, with potential penalties or charges assessed based on the timing of the repayment and the terms agreed upon at the outset.

    Clients must review these details closely with their financial adviser or directly with Stonehaven before committing to a financial product, ensuring a clear understanding of any obligations or financial impacts of early repayment.

    In the context of Stonehaven’s approach to financial solutions, the focus is always on aligning products with the client’s long-term financial goals, including how early repayments might fit into their overall financial strategy.

    How Does Stonehaven Compare With Other Financial Providers?

    Stonehaven distinguishes itself from other financial providers by offering bespoke retirement solutions, prioritising personalised advice and customer service in the competitive financial landscape.

    How Was Stonehaven’s Information Reviewed?

    We reviewed information on Stonehaven by considering all its data on the products it offers so that we could give you the most credible guide about this portal.

    How Does Stonehaven Compare to Other UK Providers?

    Stonehaven stands out for its competitive interest rates and a strong focus on customer-centric features, such as inheritance protection and flexible repayment options.

    Compared to other providers, Stonehaven’s transparent fee structure and personalised approach to retirement planning ensure you have a clear understanding of your options.

    Their commitment to adhering to the Financial Conduct Authority’s standards also adds a layer of security and peace of mind for customers.

    What Do Customers and Professionals Say About Stonehaven?

    Feedback from customers and professionals often highlights Stonehaven’s commitment to providing tailored financial solutions and exceptional service in the retirement planning sector.

    What Do Customers Say About Stonehaven?

    See what customers have to say about Stonehaven on trusted review portals.

    What Are Common Complaints About Stonehaven?

    Common complaints about Stonehaven typically focus on specific product features or customer service experiences, reflecting areas where expectations may not align with outcomes.

    If you are dissatisfied with Stonehaven’s experience and want to file a complaint, the easiest way to do so is to contact them directly through their website.4

    They are concerned about their client’s 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.

    Choosing the Right Financial Advisers Through Stonehaven for Your Equity Release Journey

    Selecting the right financial advisers through Stonehaven for your equity release journey is crucial for securing tailored advice and ensuring a smooth, informed decision-making process.

    These professionals possess the expertise to guide you through the complexities of equity release schemes.

    They can help you understand how releasing equity from your home might impact your financial situation in retirement.

    They can offer personalised advice based on your circumstances, ensuring that any decision made is in your best interest.

    Remember, the goal is to secure a comfortable retirement while mitigating any potential financial risks.

    How to Engage With Stonehaven

    Engaging with or contacting Stonehaven involves direct inquiries or through financial advisers for personalised advice.

    Stonehaven’s FCA Details

    Stonehaven is regulated by the Financial Conduct Authority, ensuring compliance and consumer protection.

    Who Regulates Stonehaven?

    • Financial Conduct Authority (FCA)5

    What Are Stonehaven’s Registration Numbers?

    FCA Reg Number: 435892
    Companies House Number: 05487702

    How Can You Find Stonehaven’s FCA and Companies House Information?

    How Can You Contact Stonehaven for Equity Release and Other Financial Queries?

    • +44 0345 606 0708
    • customer.services@canadalife.co.uk
    • Canada Life Home Finance, Canada Life Place, Potters Bar, Hertfordshire, EN6 5BA.

    Please note that the website stonehavenequityrelease.info is not run by or affiliated with Canada Life and should not be used to compare Canada Life equity release products.

    Frequently Asked Questions About Stonehaven Equity Release

    What Is Stonehaven Equity Release?

    How Does Stonehaven Equity Release Work?

    What Are the Costs Involved With Stonehaven Equity Release?

    Is Stonehaven Equity Release Safe For Seniors?

    How To Apply For Stonehaven Equity Release?

    Is Stonehaven a Member of the Equity Release Council?

    Who Owns Stonehaven and How Does It Impact Equity Release?

    Does Stonehaven Specialize in Equity Release Services?

    How Safe Is Choosing Stonehaven for Equity Release?

    Concluding Thoughts on Stonehaven

    If you are wondering who the top equity release companies are, Stonehaven may very well be able to help you with that answer.

    However, it is always recommended to seek advice from an independent financial advisor as well, to ensure that all avenues have been explored.

    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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