Sun Life Equity Release Reviews (Updated 2022)

Is Sun Life Equity Release Any Good & Safe? We Review the Pros, Cons & Scheme Features

Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui

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.

Before You Start Reading...
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What a fantastic service. I filled out the form received a call and dealt with the most professional adviser who easily answered all my questions.
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Easy to use. Great support. They handled everything for me. I chatted with a fantastic adviser who decided that equity release wouldn't suit my circumstances.
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I found these guys from Google and I must say I'm impressed. Their guide is probably the most comprehensive one I've seen on the web. They arranged for an adviser to give me a quick call and answer all my questions on this 'hot' topic. I was very impressed with their professionalism.
Sun Life Equity Release Review

Sun Life Equity Release Review

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

Is Sun Life equity release the best?

The companies we profile, including Sun Life are the best in the business to help you unlock the cash tied into your home.

Choosing the best equity release brand can be challenging! If you want to join the over 10,000 UK citizens who’ve unlocked equity this year, you’ll want to listen to this advice.

With so many brilliant options on the market, you could end up selecting the wrong equity release lender, only to regret it later.

Don’t worry; we’ve got your back. We’re here to share detailed information about the best equity release brands on the market, to help you make a sound decision.

On this page, we’ll be covering:

We’ve spent endless hours gathering the latest brand information with multiple expert consultations and a detailed review of over 350 brands in the industry.

Let’s take a look!

What Is Equity Release?

Equity release is an umbrella term for a later-life mortgage that allows you to unlock equity from your property while remaining in your home. While there are plans with an optional loan or interest repayments, both are only due when you pass away or move to a long-term care facility. The amount is usually covered from the sale of the home.

How Does Equity Release Work

If you (and your spouse) are 55 or older, you might qualify for an equity release loan. The age of the youngest homeowner will be considered. Furthermore, some schemes require you to be 60 or 65.

You might qualify for equity release if you own a home in the UK that is valued at £70,000 or more.

Equity Release Types

There are two equity release options available to you.

  • Lifetime mortgageis a mortgage secured on your property (provided it’s your main residence), while retaining ownership.
  • Home reversionis 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 in the property until you die, but you have to agree to maintain and insure it.

The Most Popular Equity Release Uses

  • 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 might 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 You MUST Know About the Providers We Compare

  • They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.
  • They’ve been responsible for organising 1 in 3 plans that the Equity Release Council
Is Sun Life the right equity release provider to assist you and your family?

Are You READY to Find Out?

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!

How Much Can You Release?
Use the INSTANT FREE Equity Release Calculator 👇

 

Equity Release Calculator

Value of Your Home?

50000

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🔒 100% Secure & Fast

Sun Life Equity Release

It's VERY FAST, takes just 10 seconds

Now, compare and save: Search over 200 equity release council approved plans and find the best deal for the amount of money that you need.

Why Should I Get a Free Equity Release Quote?

Multiple quotes

You must speak to various lenders.

Speak to an expert

Seek advice from a whole market financial adviser.

What You MUST Know About the Providers We Compare

They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.

They’ve been responsible for organising 1 in 3 plans that the Equity Release Council approves.

Who Are Sun Life?

Sun Life Financial, Inc. is a financial services firm based in Canada that specialises in life insurance1 . It is one of the world’s largest life insurance businesses, as well as one of the oldest, dating back to 1865.

SunLife aims to make people’s later lives a little simpler by providing simple and reasonable financial services. Their goods are tailored to the needs of people in their fifties and sixties, so you can relax knowing you’re ready for retirement.

SunLife understands that price, simplicity, and peace of mind are all vital factors for its clients. That is why they do everything they can to provide simple and reasonable goods that might assist their consumers in creating a future plan.

They talked to 50,000 people in their 50s, 60s, and 70s about financial solutions for their Big 50 Report, which helped the business better understand their clients’ interests and goals. As a result, they have firsthand knowledge of what they can give individuals, and their products and services are really gratifying.

SunLife is also a member of the Financial Conduct Authority, the Financial Services Compensation Scheme, and the Data and Marketing Association, all of which are completely regulated.

Their partners are members of the Funeral Planning Authority and the Equity Release Council (Age Partnership) (Dignity).

Common Questions About Sun Life & Lifetime Mortgages

In Conclusion

If Sun Life has exactly what you need, get in touch with your financial adviser today. Equity release has never been cheaper and safer than it is today. However, if they’re not what you’re looking for, don’t lose hope. With so many providers available on the market, you’re bound to find the best equity release scheme for you and your family.

Not What You’re Looking For?

Take a look at our comprehensive list of equity release companies available on the market to see if there’s something better suited to your needs.

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.

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