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

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    Fixed early repayment charges (ERCs)

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    Optional 3% cashback on some products

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    Optional cash reserve facility available, uncapped

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    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.


Tools & Calculators