About Standard Life Equity Release

  • Standard Life has looked after retirement needs for around 200 years
  • For equity release, we've partnered with experts Key Retirement Solutions
  • Key trades as Standard Life Equity Release to provide content and tools on our website and help with your enquiry


What is equity release?

Equity release is a way to help boost your finances in later life by unlocking some of your home’s value.

Equity release products are available for homeowners aged 55-84 with a value of £99,000 or more

With a lifetime mortgage, the most popular type of equity release, you can access some of your property’s value tax-free.

How does my age impact what I can release?

  • Usually, the older you are, the more you’re able to release. But remember, if it’s a joint application, the age is based on the youngest applicant, rather than the oldest
  • The below shows release amounts and what impact your age has, based on previous customers with a house value of £250,000. The amount you are able to release depends on your personal circumstances
Age Average release value
55-59 £36,421
60-64 £48,576
65-69 £59,972
70-74 £48,078
75-80 £50,613
80+ £46,050

Use our free equity release calculator today to see what your release value could look like.

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How does the value of my home impact what I can release?

The value of your property is one factor in how much you could release. The below table shows how property value affects the release amount, this is based on previous customers aged 65+. The amount you are able to release depends on your personal circumstances.

House value Average release value
£100,000 - £149,999 £32,222
£150,000 - £174,999 £39,721
£175,000 - £199,999 £46,653
£200,000 - £249,999 £53,778
£250,000 - £299,999 £62,548
£300,000 - £349,999 £72,676
£350,000+ £212,256

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Features of a lifetime mortgage

The lifetime mortgages available from Standard Life Home Finance provide access to several features.

  • No monthly repayments
    There are typically no monthly repayments for you to make with a lifetime mortgage, unless you choose to, as the loan, plus compound interest, is typically repaid when the plan ends. That’s usually when the last remaining applicant passes away or enters long-term residential care.
  • Partial capital repayments
    You can repay up to 10% of the initial loan amount every year with no early repayment charges.
  • Fixed early repayment charges
    Our lifetime mortgages have fixed early repayment charges, so you always know how much you’ll be charged should you choose to pay off the loan early.
  • Porting
    If you decide to move home in the future, your plan can be transferred to your new property providing it meets the lender's criteria at the time.
  • Downsizing protection
    If you need to move to a smaller property in the future, you can repay your loan without facing any early repayment charges if your new home doesn’t meet your plan’s criteria

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How can I use equity release?

If you’re thinking about using some of the value of your home to support your later life finances, you’ll likely already have things in mind you want to spend the money on. And while everyone has different wants and needs, we thought we’d highlight the most common reasons people choose equity release.

  • Clearing existing debts
    Clearing your existing debts and monthly repayments could help transform your later life and give you the retirement you deserve.
  • Paying off existing mortgage
    Take away the stresses of paying off your existing mortgage in later life and retain full ownership of your home through a lifetime mortgage.
  • Making home and garden improvements
    Make sure your home meets all your wants and needs; whether that’s bringing it up to date or making changes in preparation for the future (subject to criteria).
  • Gifting money to family
    Whether it’s to help with a house deposit, new car, or simply to reduce your loved ones’ financial worries, you can gift a living inheritance using some of your home’s value.
  • Going on holiday
    Later life is a time to complete your bucket list. By unlocking some cash, you can go and see the world.
  • Replacing the car
    By releasing some of the value tied up in your property, you could finally get that car you’ve always dreamed of, and have more time to enjoy it.

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Things to consider
  • A lifetime mortgage is a loan secured against your home. It will reduce the value of your estate and may affect your entitlement to means-tested benefits. 
  • All of our plans meet the Equity Release Council standards and come with several protections, including the no negative equity guarantee, which means you’ll never owe more than your home’s value.
  • You need to get expert advice before you can go ahead with equity release. To help, we will introduce you to equity release specialists, Modern Lending Advisers, who offer honest and bespoke advice.
  • Unless you decide to go ahead, Modern Lending Advisers' service is completely free of charge, as their fixed advice fee of £599 is only payable on completion of a plan. All their equity release advice relates to Standard Life Home Finance's Horizon lifetime mortgages
  • You should always think carefully before securing a loan against your home.

Standard Life Equity Release is a trading name of Key Retirement Solutions Ltd. Registered in England No 02457440. Registered Office: Baines House, 4 Midgery Court, Fulwood, Preston PR2 9ZH. Equity release content and financial promotions have been provided and approved by Key Retirement Solutions Ltd who are authorised and regulated by the Financial Conduct Authority. Any personal data provided on this page will be shared with Key Retirement Solutions Ltd who will use the information to contact you about your enquiry.

Businesses in the Phoenix Group will receive a financial benefit from businesses in the Key Group from the sale of each Lifetime Mortgage or other financial benefits where a customer uses any service provided by businesses in the Key Group typically up to a maximum of 3.65% of the value of the loan or up to 20% for services provided to each customer.

Key Retirement Solutions Ltd used the Standard Life brand under licence.