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 can 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


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.

Calculate now


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

The value of your property is another factor used to determine how much you could release. The below table shows how property value affects the release amount, this is based on existing 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

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

Calculate now


Features of a lifetime mortgage

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

  • No monthly repayments*
  • Partial capital repayments
  • Fixed early repayment charges
  • Porting
  • Downsizing protection

*With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end.

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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
  • Paying off existing mortgage
  • Making home and garden improvements
  • Gifting money to family
  • Going on holiday
  • Replacing the car

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Features and benefits of a lifetime mortgage

Your lifetime mortgage can be personalised to your wants and needs. There are many features and benefits available to help ensure the plan you receive is the right one for you.


  • You can unlock cash from your home, tax-free, to help meet your needs in later life
  • You’ll always retain full ownership of your home and can stay in it for as long as you wish with a lifetime mortgage
  • You can choose to make reduced or no monthly repayments to suit your circumstances
  • You’ll never owe more than your home’s worth with a lifetime mortgage
  • You may be able to remortgage your plan in the future to release further funds or secure a better interest rate, although this isn’t guaranteed and may be subject to early repayment charges

Potential drawbacks

Your equity release adviser will also outline the following important things to think about:

  • A lifetime mortgage is a loan secured against your home and subject to compound interest, meaning the amount you owe can grow quickly
  • Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits
  • Equity release may leave you with limited or no property equity remaining
  • Equity release will reduce your financial options in the future
  • A lifetime mortgage is a long-term financial product and is not designed to be fully repaid until the death or entry into long-term care of the last remaining borrower, otherwise early repayment charges may apply



Things to consider

  • All equity release advice relates to Standard Life Home Finance Horizon lifetime mortgages only – a loan secured against your home
  • You need to get expert advice before you can go ahead with equity release – we’ll 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

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.