What is the best equity release product 2022? | moneyfacts.co.uk

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nigel woollsey

Nigel Woollsey

Online Writer
Published: 16/02/2022

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.

Considering equity release?

Its important to understand the pros and cons of equity release before you consider your options. Read our complete guide to equity release to learn more.

 

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

Moneyfacts Equity Release Star Ratings Logo

Aviva - Enhanced Lifestyle Flexible Option
Aviva - Lifestyle Flexible Option
Canada Life - Capital Select Gold
Canada Life - Capital Select Gold (Flexible)
Canada Life - Capital Select Gold Cashback
Canada Life - Capital Select Gold Plus
Canada Life - Capital Select Gold Plus (Flexible)
Canada Life - Capital Select Gold Plus Cashback
Canada Life - Capital Select Lite
Canada Life - Capital Select Lite (Flexible)
Canada Life - Capital Select Platinum
Canada Life - Capital Select Platinum (Flexible)
Canada Life - Capital Select Platinum Cashback
Canada Life - Capital Select Platinum Plus (Flexible)
Canada Life - Capital Select Super Lite
Canada Life - Capital Select Super Lite (Flexible)
Canada Life - Lifestyle Select Gold (Flexible)
Canada Life - Lifestyle Select Gold Plus (Flexible)
Canada Life - Lifestyle Select Lite
Just - Green Drawdown
Just - Green Drawdown - Interest Payment
Just - J1 Drawdown - Interest Payment
Just - J1 Drawdown - Interest Payment Cashback
Just - J1 Drawdown Cashback
Just - J2 Drawdown - Interest Payment
Just - J2 Drawdown - Interest Payment Cashback
Just - J2 Drawdown Cashback
Just - J2.5 Drawdown - Interest Payment
Just - J2.5 Drawdown - Interest Payment Cashback
Just - J2.5 Drawdown Cashback
Just - J3 Drawdown
Just - J3 Drawdown - Interest Payment
Just - J3 Drawdown - Interest Payment Cashback
Just - J3 Drawdown Cashback
Just - J4 Drawdown
Just - J4 Drawdown - Interest Payment
Just - J4 Drawdown - Interest Payment Cashback
Just - J4 Drawdown Cashback
Legal & General Home Finance - Flexible Black
Legal & General Home Finance - Flexible Blue
Legal & General Home Finance - Flexible Blue Cashback
Legal & General Home Finance - Flexible Green
Legal & General Home Finance - Flexible Green Cashback
Legal & General Home Finance - Flexible Indigo
Legal & General Home Finance - Flexible Indigo Cashback
Legal & General Home Finance - Flexible Navy
Legal & General Home Finance - Flexible Navy Cashback
Legal & General Home Finance - Flexible Orange
Legal & General Home Finance - Flexible Orange Cashback
Legal & General Home Finance - Flexible Pink
Legal & General Home Finance - Flexible Pink Cashback
Legal & General Home Finance - Flexible Teal
Legal & General Home Finance - Flexible Teal Cashback
Legal & General Home Finance - Flexible Turquoise
Legal & General Home Finance - Flexible Turquoise Cashback
Legal & General Home Finance - Flexible Violet
Legal & General Home Finance - Flexible Violet Cashback
Legal & General Home Finance - Flexible Yellow
Legal & General Home Finance - Flexible Yellow Cashback
Legal & General Home Finance - Optional Payment Black
Legal & General Home Finance - Optional Payment Blue
Legal & General Home Finance - Optional Payment Blue Cashback
Legal & General Home Finance - Optional Payment Green
Legal & General Home Finance - Optional Payment Green Cashback
Legal & General Home Finance - Optional Payment Indigo
Legal & General Home Finance - Optional Payment Indigo Cashback
Legal & General Home Finance - Optional Payment Navy
Legal & General Home Finance - Optional Payment Navy Cashback
Legal & General Home Finance - Optional Payment Orange
Legal & General Home Finance - Optional Payment Orange Cashback
Legal & General Home Finance - Optional Payment Pink
Legal & General Home Finance - Optional Payment Pink Cashback
Legal & General Home Finance - Optional Payment Teal
Legal & General Home Finance - Optional Payment Teal Cashback
Legal & General Home Finance - Optional Payment Turquoise
Legal & General Home Finance - Optional Payment Turquoise Cashback
Legal & General Home Finance - Optional Payment Yellow
Legal & General Home Finance - Optional Payment Yellow Cashback
Legal & General Home Finance - Optional Payment Violet
Legal & General Home Finance - Optional Payment Violet Cashback
Legal & General Home Finance - Premier Optional Payment Yellow
LV = - Lifetime Mortgage Drawdown+ Lite
LV = - Lifetime Mortgage Drawdown+ Lite Cashback
LV = - Lifetime Mortgage Drawdown+ Max
LV = - Lifetime Mortgage Drawdown+ Max Cashback
LV = - Lifetime Mortgage Drawdown+ Platinum
LV = - Lifetime Mortgage Drawdown+ Platinum Cashback
LV = - Lifetime Mortgage Drawdown+ Platinum+
LV = - Lifetime Mortgage Drawdown+ Platinum+ Cashback
LV = - Lifetime Mortgage Drawdown+ Standard 1
LV = - Lifetime Mortgage Drawdown+ Standard 1 Cashback
LV = - Lifetime Mortgage Drawdown+ Standard 2
LV = - Lifetime Mortgage Drawdown+ Standard 2 Cashback
LV = - Lifetime Mortgage Drawdown+ Standard 3
LV = - Lifetime Mortgage Drawdown+ Standard 3 Cashback
More 2 Life Ltd - Capital Choice Drawdown
More 2 Life Ltd - Capital Choice Lite Drawdown
More 2 Life Ltd - Capital Choice Max 1 Drawdown
More 2 Life Ltd - Capital Choice Max 2 Drawdown
More 2 Life Ltd - Capital Choice Max 3 Drawdown
More 2 Life Ltd - Capital Choice Midi Drawdown
More 2 Life Ltd - Capital Choice Plus Drawdown
More 2 Life Ltd - Capital Choice Superlite Drawdown 1
More 2 Life Ltd - Capital Choice Superlite Drawdown 2 
More 2 Life Ltd - Capital Choice Superlite Drawdown 3
More 2 Life Ltd - Capital Choice Superlite Drawdown 4
More 2 Life Ltd - Maximum Choice Drawdown
More 2 Life Ltd - Maximum Choice Extra Drawdown
More 2 Life Ltd - Maximum Choice Plus Drawdown
More 2 Life Ltd - Maximum Choice Super Drawdown 1
More 2 Life Ltd - Maximum Choice Super Drawdown 2
More 2 Life Ltd - Tailored Lifetime 5 Drawdown
More 2 Life Ltd - Tailored Lifetime 5 Drawdown Cashback
Pure Retirement - Heritage Drawdown Max Fees Package (age 55-75)
Pure Retirement - Heritage Drawdown Max Plus Fees Package
Pure Retirement - Heritage Drawdown Max Plus Standard Package
Pure Retirement - Heritage Drawdown Max Standard Package (age 55-75)
Pure Retirement - Heritage Drawdown Plus Fees Package (age 55-75)
Pure Retirement - Heritage Drawdown Plus Standard Package (age 55-75)
Pure Retirement - Heritage Drawdown Super Max Fees Package
Pure Retirement - Heritage Drawdown Super Max Standard Package
Pure Retirement - Heritage Full Valuation Freedom 20 Drawdown Max (age 55-75)
Pure Retirement - Heritage Full Valuation Freedom 20 drawdown Max (age 76-80)
Pure Retirement - Heritage Full Valuation Freedom 20 Drawdown Max Plus 
Pure Retirement - Heritage Full Valuation Freedom 20 Drawdown Max Plus (age 55-75)
Pure Retirement - Heritage Full Valuation Freedom 20 Drawdown Max Plus (age 76-80)
Pure Retirement - Heritage Full Valuation Freedom 20 Drawdown Super Max
Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Max (age 55-75)
Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Max (age 76-80)
Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Max Plus
Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Plus (age 55-75)
Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Max (age 76-80)
Pure Retirement - Heritage Full Valuation Freedom 40 Drawdown Super Max

Equity release - Four star

Aviva - Enhanced Lifestyle Lump Sum Max
Aviva - Lifestyle Lump Sum Max
Canada Life - Capital Select Lite Cashback
Canada Life - Capital Select Platinum Plus
Canada Life - Capital Select Platinum Plus Cashback
Canada Life - Capital Select Super Lite Cashback
Canada Life - Lifestyle Select Gold
Canada Life - Lifestyle Select Gold Plus
Just - Green Lump Sum - Interest Payment
Just - J1 Drawdown
Just - J1 Lump Sum
Just - J1 Lump Sum Cashback
Just - J2 Drawdown
Just - J2 Lump Sum
Just - J2 Lump Sum - Interest Payment Cashback
Just - J2 Lump Sum Cashback
Just - J2.5 Drawdown
Just - J2.5 Lump Sum
Just - J2.5 Lump Sum - Interest Payment Cashback
Just - J3 Lump Sum
Just - J3 Lump Sum - Interest Payment Cashback
Just - J3 Lump Sum Cashback
Just - J4 Lump Sum
Just - J4 Lump Sum - Interest Payment Cashback
Just - J4 Lump Sum Cashback
Just - J6 Drawdown
Just - J6 Drawdown - Interest Payment
Just - J6 Drawdown - Interest Payment Cashback
Just - J6 Drawdown Cashback
Legal & General Home Finance - Flexible Maroon
Legal & General Home Finance - Flexible Purple
Legal & General Home Finance - Optional Payment Maroon
Legal & General Home Finance - Optional Payment Purple
Legal & General Home Finance - Premier Flexible Black
Legal & General Home Finance - Premier Flexible Yellow
Legal & General Home Finance - Premier Optional Payment Black
LV= - Lifetime Mortgage Lump Sum+ Lite
LV= - Lifetime Mortgage Lump Sum+ Lite Cashback
LV= - Lifetime Mortgage Lump Sum+ Max
LV= - Lifetime Mortgage Lump Sum+ Max Cashback
LV= - Lifetime Mortgage Lump Sum+ Platinum
LV= - Lifetime Mortgage Lump Sum+ Platinum Cashback
LV= - Lifetime Mortgage Lump Sum+ Platinum+
LV= - Lifetime Mortgage Lump Sum+ Platinum+ Cashback
LV= - Lifetime Mortgage Lump Sum+ Standard
LV= - Lifetime Mortgage Lump Sum+ Standard Cashback
More 2 Life Ltd - Capital Choice Lite Lump Sum
More 2 Life Ltd - Capital Choice Lump Sum
More 2 Life Ltd - Capital Choice Lump Sum Cashback
More 2 Life Ltd - Capital Choice Max 1 Lump Sum
More 2 Life Ltd - Capital Choice Max 2 Lump Sum
More 2 Life Ltd - Capital Choice Max 3 Lump Sum
More 2 Life Ltd - Capital Choice Midi Lump Sum
More 2 Life Ltd - Capital Choice Plus
More 2 Life Ltd - Capital Choice Plus Cashback
More 2 Life Ltd - Capital Choice Superlite Lump Sum 2
More 2 Life Ltd - Capital Choice Superlite Lump Sum 3
More 2 Life Ltd - Capital Choice Superlite Lump Sum 4
More 2 Life Ltd - Capital Choice Ultra Lite Drawdown
More 2 Life Ltd - Maximum Choice Extra Lump Sum
More 2 Life Ltd - Maximum Choice Plus Lump Sum
More 2 Life Ltd - Maximum Choice Super Lump Sum 1
More 2 Life Ltd - Maximum Choice Super Lump Sum 2
More 2 Life Ltd - Prime Choice Lump Sum
More 2 Life Ltd - Prime Lite Lump Sum 3
More 2 Life Ltd - Prime Lite Lump Sum 4
More 2 Life Ltd - Prime Max Lump Sum
More 2 Life Ltd - Prime Plus Lump Sum
More 2 Life Ltd - Prime Plus Lump Sum Cashback
More 2 Life Ltd - Tailored Enhanced
More 2 Life Ltd - Tailored Enhanced Cashback (age 60-74) 
More 2 Life Ltd - Tailored Enhanced Cashback (age 75-85)
More 2 Life Ltd - Tailored Lifetime 1 Drawdown (age 55-70)
More 2 Life Ltd - Tailored Lifetime 1 Drawdown (age 71-85)
More 2 Life Ltd - Tailored Lifetime 1 Drawdown Cashback (age 55-70)
More 2 Life Ltd - Tailored Lifetime 1 Drawdown Cashback (age 71-85)
More 2 Life Ltd - Tailored Lifetime 2 Drawdown (age 55-70)
More 2 Life Ltd - Tailored Lifetime 3 Drawdown (age 55-70)
More 2 Life Ltd - Tailored Lifetime 3 Drawdown (age 71-85)
More 2 Life Ltd - Tailored Lifetime 3 Drawdown Cashback (age 55-70)
More 2 Life Ltd - Tailored Lifetime 1 Drawdown Cashback (age 71-85)
OneFamily - Lump Sum Interest Payment Fixed Rate Lite
OneFamily - Lump Sum Interest Payment Fixed Rate Standard
Pure Retirement - Heritage Drawdown Max Fees Package (age 76-85)
Pure Retirement - Heritage Drawdown Max Standard Package (age 76-85)
Pure Retirement - Heritage Drawdown Plus Fees Package (age 76-85)
Pure Retirement - Heritage Drawdown Plus Standard Package (age 76-85)

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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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