Canada Life

Canada Life helps to build better futures by looking after the retirement, investment and protection needs of individuals, families and companies. Founded in 1847, Canada Life is the oldest Canadian life assurance company, and began operating in the UK in 1903. 

Every year, thousands of retirees rely on Canada Life for their income. Alongside their heritage dating back over 150 years, they have more than £1 billion of funds under management. What's more, they’re rated as financially strong by AKG (an independent company that specialises in providing ratings for the financial services industry).

Procuration Tables

​Gross fee paid by lender​ Procuration fee to intermediary
​Initial advance: 2.30%  of advance (min £500/max £30,000)
​Initial advance: 2.10%  of advance (min £450/max £28,500)
Cash reserve facility: 1% of facility
Cash reserve facility: 0.9% of facility

All information correct as at 19/12/2018                                                                                     All information correct as at 19/12/2018


As a company that specialises in retirement, they believe they know the needs of their customers. Their award-winning expertise allows them to create products that can help your customers live well in retirement, using the money in pensions and/or the value of property. 

Home Finance products 

Lifetime Mortgages

Canada Life’s award-winning lifetime mortgages allow your customer to release equity from their property, and can be tailored to suit their individual financial needs. 

Canada Life’s lifetime mortgages can be secured on your customer’s main residence or second home. Your customer can choose whether to service the interest (available for main residences only), make voluntary ad hoc capital and interest payments, or simply let the interest roll up. Canada Life’s innovative product features, fixed early repayment charges and flexible underwriting offer your customers flexibility and certainty so that they can make the most of their retirement.

Find out more here.

Buy-to-Let Mortgages

Canada Life’s innovative Buy-to-Let mortgages are also award winning, and allow your landlord customers to release cash from their Buy-to-Let property, leaving their entire portfolio intact. 

If your client is over the age of 55 and has a property that is let out under an Assured Shorthold Tenancy, Canada Life’s Buy-to-Let Options could be a sensible solution. With the flexibility to decide whether to make interest and capital repayments or let the interest roll up, these options allow your customer to retain ownership of their income-generating rental property while releasing a tax-free cash lump sum that is theirs to do whatever they like with. 

Find out more here.


Canada Life Home Finance
110 Cannon Street

For enquiries

Call: 0800 068 0212
Open 9am – 5pm, Monday to Friday