What is the best equity release product 2021? | moneyfacts.co.uk

nigel woollsey

Nigel Woollsey

Online Writer
Published: 29/01/2020

How do we decide which equity release products get the best rating?

For over 30 years, Moneyfacts has been helping people to find the best financial products. Every year our in-house money experts cast their eye over all the equity release products available to the UK market, using their in-depth knowledge to determine those that truly represent the best solutions.

Our impartial equity release ratings look at the most important features, charges and benefits of each product. For equity release, we evaluate over 35 individual elements to determine which products stand out from the rest of the pack.

Below, we’ve detailed which elements we look for when it comes to our whole of market assessment for equity release products.

How does a star rating help me find the best equity release product?

Even for financially experienced and astute customers, the range and depth of equity release products on the market can seem intimidating. Our simple star rating system allows customers to benefit from our expert knowledge and understanding – making it easy to determine which products have the best features, charges and benefits. Consumers can feel confident that the products that attain a Four or Five Star Moneyfacts Rating offer the most comprehensive range of standout features.

Which elements of the equity release product do we look at?

A considerable number of features are considered for the final rating. These include:

Flexibility
• Minimum and maximum ages
• Minimum and maximum loan-to-values
• Minimum and maximum advances
• Lump sum options
• Drawdown options
• Regular income facility
• Interest roll-up options
• Portability
• Ability to service debt
• Partial payments


Features
• Rate type
• Interest charging frequency
• Equity Release Council membership
• Negative equity guarantees
• Early repayment charges
• Valuation/survey fees
• Cashback
• Legal fees
• Downsizing protection.

Equity release - Five stars

  • Aviva - Enhanced Lifestyle Flexible Option
  • Aviva - Lifestyle Flexible Option
  • Canada Life - Interest Select Platinum (Flexible)
  • Canada Life - Interest Select Gold (Flexible)
  • Canada Life - Capital Select Gold Plus (Flexible)
  • Canada Life - Capital Select Platinum (Flexible)
  • Canada Life - Capital Select Gold (Flexible)
  • Canada Life - Capital Select Lite (Flexible)
  • Canada Life - Capital Select Platinum Plus (Flexible)
  • Canada Life - Capital Select Super Lite (Flexible)
  • Canada Life - Interest Select Platinum
  • Canada Life - Lifestyle Gold (Flexible)
  • Canada Life - Interest Select Gold
  • Canada Life - Interest Select Platinum (Cashback)
  • Canada Life - Interest Select Gold (Cashback)
  • Canada Life - Lifestyle Gold Plus (Flexible)
  • Canada Life - Lifestyle Lite (Flexible)
  • Canada Life - Capital Select Gold Plus
  • Canada Life - Capital Select Gold Plus (Cashback)
  • Canada Life - Capital Select Platinum
  • Canada Life - Capital Select Platinum (Cashback)
  • Canada Life - Capital Select Gold
  • Canada Life - Capital Select Gold (Cashback)
  • Canada Life - Capital Select Lite
  • Canada Life - Capital Select Lite (Cashback)
  • Hodge - Flexible Lifetime Mortgage (V1)
  • Just - J5 Drawdown - Interest payment (Cashback)
  • Just - Green Drawdown - Interest payment
  • Just - J2 Drawdown - Interest payment (Cashback)
  • Just - J2.5 Drawdown - Interest payment (Cashback)
  • Just - J3 Drawdown - Interest payment (Cashback)
  • Just - J4 Drawdown - Interest payment (Cashback)
  • Just - J1 Drawdown - Interest payment (Cashback)
  • Just - J5 Drawdown - Interest payment
  • Legal & General Home Finance - Optional Payment Blue - 2% Cashback
  • Legal & General Home Finance - Optional Payment Navy - 2% Cashback
  • Legal & General Home Finance - Optional Payment Indigo - 2% Cashback
  • Legal & General Home Finance - Optional Payment Teal - 2% Cashback
  • Legal & General Home Finance - Optional Payment Turquoise - 2% Cashback
  • Legal & General Home Finance - Optional Payment Green - 2% Cashback
  • Legal & General Home Finance - Optional Payment Yellow - 2% Cashback
  • Legal & General Home Finance - Optional Payment Blue
  • Legal & General Home Finance - Optional Payment Navy
  • Legal & General Home Finance - Optional Payment Indigo
  • Legal & General Home Finance - Optional Payment Orange - 2% Cashback
  • Legal & General Home Finance - Optional Payment Pink - 2% Cashback
  • Legal & General Home Finance - Optional Payment Teal
  • Legal & General Home Finance - Optional Payment Turquoise
  • Legal & General Home Finance - Optional Payment Green
  • Legal & General Home Finance - Optional Payment Yellow
  • Legal & General Home Finance - Flexible Blue - 2% Cashback
  • Legal & General Home Finance - Flexible Navy - 2% Cashback
  • Legal & General Home Finance - Flexible Indigo - 2% Cashback
  • Legal & General Home Finance - Optional Violet
  • Legal & General Home Finance - Flexible Teal - 2% Cashback
  • Legal & General Home Finance - Flexible Turquoise - 2% Cashback
  • Legal & General Home Finance - Optional Payment Orange
  • Legal & General Home Finance - Optional Payment Pink
  • Legal & General Home Finance - Flexible Green - 2% Cashback
  • Legal & General Home Finance - Flexible Yellow - 2% Cashback
  • Legal & General Home Finance - Flexible Blue
  • Legal & General Home Finance - Flexible Navy
  • Legal & General Home Finance - Flexible Indigo
  • Legal & General Home Finance - Flexible Orange - 2% Cashback
  • Legal & General Home Finance - Flexible Pink - 2% Cashback
  • Legal & General Home Finance - Flexible Teal
  • Legal & General Home Finance - Flexible Turquoise
  • Legal & General Home Finance - Optional Payment Black
  • Legal & General Home Finance - Flexible Green
  • Legal & General Home Finance - Flexible Yellow
  • Legal & General Home Finance - Flexible Violet
  • Legal & General Home Finance - Flexible Orange
  • Legal & General Home Finance - Flexible Pink
  • Legal & General Home Finance - Flexible Black
  • LV= - Lifetime Mortgage Drawdown+ Max
  • LV= - Lifetime Mortgage Drawdown+ Standard 2
  • LV= - Lifetime Mortgage Drawdown+ Standard 3
  • LV= - Lifetime Mortgage Drawdown+ Standard 1
  • LV= - Lifetime Mortgage Drawdown+ Lite
  • LV= - Lifetime Mortgage Drawdown+ Platinum
  • LV= - Lifetime Mortgage Drawdown+ Platinum+
  • LV= - Lifetime Mortgage Lump Sum+ Max
  • More 2 Life Ltd. - Capital Choice Drawdown
  • More 2 Life Ltd. - Capital Choice Lite Drawdown
  • More 2 Life Ltd. - Capital Choice Superlite Drawdown 4
  • More 2 Life Ltd. - Maximum Choice Plus Drawdown
  • More 2 Life Ltd. - Capital Choice Superlite Drawdown 2
  • More 2 Life Ltd. - Capital Choice Superlite Drawdown 3
  • More 2 Life Ltd. - Maximum Choice Drawdown
  • More 2 Life Ltd. - Capital Choice Superlite Drawdown 1
  • More 2 Life Ltd. - Capital Choice Plus Drawdown
  • More 2 Life Ltd. - Tailored Lifetime Drawdown - Cashback
  • More 2 Life Ltd. - Capital Choice Lump Sum - 3% Cashback
  • More 2 Life Ltd. - Tailored Enhanced (No Cashback)
  • More 2 Life Ltd. - Tailored Lifetime 5 Drawdown
  • More 2 Life Ltd. - Tailored Enhanced - 1% Cashback (age 60-74)
  • More 2 Life Ltd. - Capital Choice Lump Sum
  • More 2 Life Ltd. - Tailored Lifetime Drawdown - Cashback (age 55-70)
  • More 2 Life Ltd. - Prime Choice Lump Sum
  • More 2 Life Ltd. - Prime Plus Lump Sum
  • More 2 Life Ltd. - Tailored Enhanced - 1% Cashback (age 75+)
  • More 2 Life Ltd. - Tailored Enhanced - 2% Cashback (age 60-74)
  • More 2 Life Ltd. - Tailored Lifetime Drawdown - Cashback (age 71+)
  • OneFamily - Lump Sum Interest Payment Fixed Rate Standard
  • Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Max
  • Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Plus
  • Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown
  • Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Midi
  • Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Max Plus
  • Pure Retirement - Heritage Drawdown Fees Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Midi Fees Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Max Fees Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Plus Fees Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Max Plus Fees Package Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Midi Standard Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Standard Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Fees Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Midi Fees Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Max Fees Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Max Standard Package (Fixed ERCs)
  • Pure Retirement - Heritage Drawdown Plus Fees Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Plus Standard Package (Fixed ERCs)

Equity release - Four star

  • Aviva - Enhanced Lifestyle Lump Sum Max
  • Aviva - Lifestyle Lump Sum Max
  • Canada Life - Capital Select Platinum Plus
  • Canada Life - Capital Select Platinum Plus (Cashback)
  • Canada Life - Capital Select Super Lite
  • Canada Life - Capital Select Super Lite (Cashback)
  • Canada Life - Lifestyle Gold
  • Canada Life - Lifestyle Gold Plus
  • Canada Life - Lifestyle Lite
  • Just - J2 Drawdown - Interest payment
  • Just - J2.5 Drawdown - Interest payment
  • Just - J3 Drawdown - Interest payment
  • Just - J4 Drawdown - Interest payment
  • Just - J1 Drawdown - Interest payment
  • Just - J5 Drawdown (Cashback)
  • Just - Green Drawdown
  • Just - J2 Drawdown (Cashback)
  • Just - J2.5 Drawdown (Cashback)
  • Just - J3 Drawdown (Cashback)
  • Just - J4 Drawdown (Cashback)
  • Just - J1 Drawdown (Cashback)
  • Just - J5 Drawdown
  • Just - J2 Drawdown
  • Just - J2.5 Drawdown
  • Just - J4 Drawdown
  • Just - J5 Lump Sum (Cashback)
  • Just - J1 Drawdown
  • Just - J2 Lump Sum (Cashback)
  • Just - J3 Lump Sum (Cashback)
  • Just - J4 Lump Sum (Cashback)
  • Legal & General Home Finance - Income Blue - 20 year term
  • Legal & General Home Finance - Income Blue - 25 year term
  • Legal & General Home Finance - Income Indigo - 15 year term
  • Legal & General Home Finance - Income Indigo - 20 year term
  • Legal & General Home Finance - Income Indigo - 25 year term
  • Legal & General Home Finance - Income Blue - 10 year term
  • Legal & General Home Finance - Income Blue - 15 year term
  • Legal & General Home Finance - Income Indigo - 10 year term
  • Legal & General Home Finance - Income Yellow - 15 year term
  • Legal & General Home Finance - Income Yellow - 20 year term
  • Legal & General Home Finance - Income Yellow - 25 year term
  • Legal & General Home Finance - Income Pink - 20 year term
  • Legal & General Home Finance - Income Yellow - 10 year term
  • LV= - Lifetime Mortgage Lump Sum+ Standard
  • LV= - Lifetime Mortgage Lump Sum+ Lite
  • LV= - Lifetime Mortgage Lump Sum+ Platinum
  • LV= - Lifetime Mortgage Lump Sum+ Platinum+
  • More 2 Life Ltd. - Capital Choice Ultra Lite Lump Sum
  • More 2 Life Ltd. - Capital Choice Ultra Lite Drawdown
  • More 2 Life Ltd. - Capital Choice Lite Lump Sum
  • More 2 Life Ltd. - Capital Choice Superlite Lump Sum 4
  • More 2 Life Ltd. - Tailored Enhanced - 3% Cashback (age 60-74)
  • More 2 Life Ltd. - Tailored Enhanced - 4% Cashback (age 60-74)
  • More 2 Life Ltd. - Tailored Enhanced - 5% Cashback (age 60-74)
  • More 2 Life Ltd. - Tailored Lifetime Drawdown (age 55-70)
  • More 2 Life Ltd. - Maximum Choice Plus Lump Sum
  • More 2 Life Ltd. - Capital Choice Superlite Lump Sum 2
  • More 2 Life Ltd. - Capital Choice Superlite Lump Sum 3
  • More 2 Life Ltd. - Tailored Enhanced - 2% Cashback (age 75+)
  • More 2 Life Ltd. - Tailored Lifetime Drawdown (age 71+)
  • More 2 Life Ltd. - Capital Choice Plus Lump Sum - 3% Cashback
  • More 2 Life Ltd. - Maximum Choice Lump Sum
  • More 2 Life Ltd. - Prime Plus Lump Sum - 3% Cashback
  • More 2 Life Ltd. - Tailored Enhanced - 3% Cashback (age 75+)
  • More 2 Life Ltd. - Tailored Enhanced - 4% Cashback (age 75+)
  • More 2 Life Ltd. - Tailored Enhanced - 5% Cashback (age 75+)
  • More 2 Life Ltd. - Capital Choice Superlite Lump Sum 1
  • More 2 Life Ltd. - Capital Choice Plus
  • More 2 Life Ltd. - Tailored Lifetime 5 Lump Sum - Cashback
  • OneFamily - Lump Sum Interest Payment 2 Year Fixed Rate Standard
  • OneFamily - Lump Sum Interest Payment 2 Year Fixed Rate Lite
  • OneFamily- Lump Sum Interest Payment Fixed Rate Lite
  • OneFamily - Lump Sum Interest Roll-up with Voluntary Payment option Fixed Rate Standard
  • OneFamily - Lump Sum Interest Roll-up with Voluntary Payment option 2 Year Fixed Rate Lite
  • OneFamily - Lump Sum Interest Roll-up with Voluntary Payment option 2 Year Fixed Rate Standard
  • OneFamily - Lump Sum Interest Roll-up with Voluntary Payment option Fixed Rate Lite
  • OneFamily - Lump Sum Interest Roll-up with Voluntary Payment option Super LTV
  • Pure Retirement - Heritage Drawdown Max Plus Fees Package (GILT ERCs)
  • Pure Retirement - Classic Midi
  • Pure Retirement - Classic Midi Plus
  • Pure Retirement - Heritage Drawdown Max Standard Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Midi Standard Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Standard Package (GILT ERCs)
  • Pure Retirement - Heritage Drawdown Plus Standard Package (GILT ERCs)
  • Pure Retirement - Fees Package Sovereign (Drawdown) E
  • Pure Retirement - Fees Package Sovereign (Drawdown) F
  • Pure Retirement - Heritage Drawdown Max Plus Standard Package (Fixed ERCs)
  • Pure Retirement - Classic Lite Plus
  • Pure Retirement - Classic Super Lite Plus
  • Pure Retirement - Classic Lite
  • Pure Retirement - Classic Super Lite
  • Pure Retirement - Fees Package Sovereign (Drawdown) A
  • Pure Retirement - Fees Package Sovereign (Drawdown) B
  • Pure Retirement - Fees Package Sovereign (Drawdown) D
  • Pure Retirement - Fees Package Sovereign (Drawdown) C
  • Pure Retirement - Sovereign (Drawdown) E
  • Pure Retirement - Sovereign (Drawdown) F
  • Pure Retirement - Classic Drawdown Max
  • Pure Retirement - Heritage Drawdown Max Plus Standard Package (GILT ERCs)
  • Pure Retirement - Sovereign (Drawdown) A
  • Pure Retirement - Sovereign (Drawdown) C
  • Pure Retirement - Sovereign (Drawdown) D
  • Pure Retirement - Sovereign (Drawdown) B

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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