Canada Life
Canada Life

Canada Life

Canada Life has been providing retirement solutions in the UK since 1903. Our award-winning lifetime mortgages and later life buy-to-let mortgages allow your customer to release equity from their property, and can be tailored to suit their individual financial needs.

Key Features Video Tools & Calculators

Proc Fees

Product Gross Net
Fee Min Max Fee Min Max
Initial advance (% of advance) 2.50% £500 £30,000 2.30% £500 £30,000
Cash reserve facility: 1% of facility, paid at completion

Key Features

  • PMS-Tick.png

    Fixed early repayment charges (ERCs)

  • PMS-Tick.png

    Optional 3% cashback on some products

  • PMS-Tick.png

    Optional cash reserve facility available, uncapped

  • PMS-Tick.png

    Optional 15% voluntary payments, ERC free, on some products


Post Code Restrictions: Lender-InfoBoxWhite

The property must be in England, Scotland or Wales.

Please use the Postcode Checker in our KFI Generator to check individual properties.

Register Lender-InfoBoxWhite

Register to place business with Canada Life:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.


Canada Life's award-winning retirement solutions have been designed to suit a wide range of needs, and offer industry-leading value, financial strength and exceptional service. 

Our range of Home Finance products include lifetime mortgages and later life buy-to-let mortgages, giving property owners the opportunity to release cash from their property without giving up ownership. These mortgages have been designed with your customers in mind, offering flexibility and certainty, and can be tailored to meet individual needs.

Lifetime Mortgages

Our lifetime mortgage products can be secured on your customer's main residence or second home, and offer flexibility and certainty. Customers can choose to make interest payments, service the capital and interest or simply let the interest roll up. Offering innovative product features, fixed early repayment charges and flexible underwriting, our products have been designed to meet real customer needs.  

Buy-to-Let Mortgages

Our later life buy-to-let mortgages allow your landlord customers to release equity from their buy-to-let property while keeping their portfolio intact. They can choose whether to make any capital and interest payments, or let the interest roll-up. These products allow older owners of buy-to-let properties a greater ability to make the most of their property wealth, affording them greater choice in retirement.

Watch the video


An introduction to Canada Life & Lifetime mortgages.

WeCare for customers

Our new and existing home finance customers now have access to WeCare, an extensive range of virtual health and wellbeing services from Teladoc Health. All provided confidentially and available from the comfort of their homes. WeCare is automatically available to customers and their immediate family, allowing them to personalise the services they need, whenever they’re needed – and at no added cost.

What’s available?

  • Access UK-based GPs virtually for confidential medical advice 24/7
  • Private prescriptions can be arranged and delivered at home
  • Second opinions from consultants on diagnosis or treatment needs
  • Professional mental health support, including life events counselling and bereavement sessions
  • Help with healthy living, including meal planning and get fit programmes
  • Expert legal and financial guidance on divorce, property disputes, probate, budgeting and more

Access at any time

WeCare is available around the clock and can be accessed by

  • Downloading the WeCare Programme app
  • Visiting the website at
  • Calling the helpline on 0208 068 0035

You can find more information on our website.

WeCare is provided by Teladoc Health. This service is non-contractual and can be withdrawn at any time if our partnership with Teladoc Health ends.

Tools & Calculators