Sun Life Equity Release Reviews (Updated 2022)

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

Sun Life Equity Release

Choosing the right equity release lenders can be a massive challenge, especially with so many brilliant options on the market.

Perhaps you might become one of the over 800,000 customers in the UK who’ve released equity with SunLife?

Without this essential information, you could end up missing out on a life-changing opportunity.

Fear not, after reading this, you’ll know:

  • Who are SunLife equity release providers?
  • The plans they offer.
  • The advantages and pitfalls of releasing equity with SunLife.

We put together an accurate guide by analysing plans offered by the entire UK equity release industry, showcasing the safest equity release lenders in the industry.

Is SunLife one of them?

Find out now!

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 & How Does it Work?

Equity release is the title used to describe a variety of services that enable you to discharge (cash) equity trapped in your house if you are older.

You have the choice of receiving the money all at once or in smaller instalments, as well as a range of options for combining both.

Here’s more: What Is Equity Release & How Does It Work in Jun 2022?

Are You Looking for the Sun Life Equity Release Calculator?

Before you consider using the Sun Life 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

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🔒 100% Secure & Fast

It’s VERY FAST, takes just 8 seconds

Sun Life Ratings

SunLife Equity Release Complaints

If you’re unhappy with Sun Life and would like to make a complaint then the best way to do this is reach out directly on their website, as they care about their customer

The alternative is to use a review sites such as Trustpilot and leave a review and they’ll quickly reach out to you to assist.

Does SunLife Offer Lifetime Mortgages & Home Reversion Schemes?

Yes, SunLife offers lifetime mortgages and home reversion schemes.

With a lifetime mortgage, you’ll retain ownership of your property, whereas, with a home reversion scheme, you’ll sell your home below market value.

Learn more about lifetime mortgages & home reversion schemes.

An Introduction to SunLife

SunLife offers affordable financial solutions, catering specifically to citizens aged 50+.

SunLife opened its first offices opposite The Bank of England in 1810 and started offering plans for over 50’s in 1979.

SunLife is a fully-regulated member of the Financial Conduct Authority, the Financial Services Compensation Scheme and the Data and Marketing Association.

Furthermore, their equity release plans are regulated by the Equity Release Council (Age Partnership) and its funeral plans by Funeral Planning Authority (Dignity).

What Are the Other Services Offered by SunLife?

Besides release, SunLife offers funeral plans and life insurance for over 50s and 60s.

What’s the Maximum Amount of Equity I can Receive with SunLife?

With SunLife, you can receive up to 65% of your property through equity release.

The amount that you borrow will depend on your age and the value of your home.

What are the Pros & Cons of Equity Release with SunLife?

The main pro of equity release with SunLife is that no monthly repayments are required.

The main con of equity release with SunLife is that their website has limited information about their plans provided, so you’ll need to contact them for more information.

Here are more pros and cons:

SunLife Equity Release Pros

  • The cash you unlock is tax-free.
  • You can stay in your home until you die or enter long-term care.
  • The ‘no negative equity guarantee’ means you won’t leave your family with debt.
  • You can ringfence a portion of your estate as inheritance protection.

SunLife Equity Release Cons

  • Interest is added annually and can compound quickly.
  • Your family’s inheritance will be reduced.
  • Releasing equity may impact your tax benefits and means-tested benefits.
  • They charge fees, but these can be covered with the money you unlock.

Interesting read: Is Equity Release Safe in Jun 2022?

SunLife Equity Release Products

SunLife equity release allows you to use the equity in your house either through a lifetime mortgage or a home reversion plan, only if you have a little or no mortgage left.

To be eligible for a SunLife equity release program, you must be at least 55 years old and own property worth a minimum of £70,000.

Customers of SunLife equity may benefit from special offers, discounted rates, and low application fees if they use the services of Age Partnership.

Why Should I Consider SunLife?

SunLife is an award-winning financial institution for over 50s. Its equity release plans are through Age Partnership, a leading equity release provider.

Ask your financial adviser about SunLife to see if it’s the best institution for you and your family.

Sun Life Contact Number

Got Questions About SunLife & Lifetime Mortgages?

Is Sun Life a Member of the Equity Release Council?

Who Owns Sun Life?

Does Sun Life Do Equity Release?

Is Sun Life Equity Release Safe?

Conclusion

If you’re looking for Sun Life 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

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🔒 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.