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Our range of products

At a glance...

The Royal London Equity Release product range offers three distinct products, which may be suitable for a variety of homeowners across England, Wales and Scotland. Take a look at the table below to get a brief overview of our products.

Product Property value Lump Sum Drawdown Fee paid ERCs Age of the youngest borrower
Royal London Equity Release Core Standard £125,000 - £2,000,000 Check Mark Check Mark Cross Mark 15 years 55-84 years & 364 days
Royal London Equity Release Core Premier £2,000,001+ Check Mark Check Mark Cross Mark 15 years 55-84 years & 364 days
Royal London Equity Release Principal £125,000 - £2,000,000 Check Mark Cross Mark Cross Mark 10 years 55-89 years & 364 days
Table Image

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Find out more about our unique products.

  • The Standard Product is available to homeowners aged 55-84 years and 364 days.
  • You can release as little as £10,000 and up to £1,000,000.
  • With the Standard Product, you have the option of a Drawdown facility, with a minimum release of £2,000.

Age range

55-84 years and 364 days

Loan range

£10,000 - £1,000,000 (England)
£10,000 - £540,000 (Wales and Scotland)

Minimum property value

£125,000 (£150,000 for ex-council properties)

Maximum property value

£2,000,000 in England, or £1,000,000 in Wales and Scotland

Drawdown facility option

Yes - minimum release £2,000

Application fee free option

This product is always fee-free

Partial repayments

Yes - up to 10% the total cash advanced within each 12-month period. Maximum 12 payments per year, minimum £50 per payment

Downsizing Early Repayment Charge exemption

Yes - no charge applies if ported to a suitable new property. Or, after 5 years from the date of the initial advance, the loan is repaid as a result of selling the property and moving to another property which does not meet our lending criteria

Fixed Early Repayment Charges

Yes - 10% in year 1, 9% in year 2, 8% in year 3, 7% in year 4, 6% in year 5, 5% in year 6, 4% in year 7, 3% in year 8. 2% in year 9, 1% in years 10-15 and 0% thereafter

Exception of Early Repayment Charges on death/admission into long-term care of a partner

Yes - within 3 years if one partner passes away or moves into long-term care

  • Our Premier Product is available to homeowners with a minimum property value of £2,000,001.
  • There is no maximum property value.
  • Homeowners can release as little as £100,000 and as much as £2,000,000 from their property.

Age range

55-84 years and 364 days

Loan range

£100,000 - £2,000,000

Minimum property value

£2,000,001

Maximum property value

No maximum limit

Drawdown facility option

Yes - minimum release £2,000 and maximum loan, plus facility, £2,000,000

Application fee free option

This product is always fee-free

Partial repayments

Yes - up to 10% the total cash advanced within each 12-month period. Maximum 12 payments per year, minimum £50 per payment

Downsizing Early Repayment Charge exemption

Yes - no charge applies if ported to a suitable new property. Or, after 5 years from the date of the initial advance, the loan is repaid as a result of selling the property and moving to another property which does not meet our lending criteria

Fixed Early Repayment Charges

Yes - 10% in year 1, 9% in year 2, 8% in year 3, 7% in year 4, 6% in year 5, 5% in year 6, 4% in year 7, 3% in year 8. 2% in year 9, 1% in years 10-15 and 0% thereafter

Exception of Early Repayment Charges on death/admission into long-term care of a partner

Yes - within 3 years if one partner passes away or moves into long-term care

  • The Principal Product is available to homeowners aged 55-89 years and 364 days.
  • This is a fee-free product.
  • This product has Fixed Early Repayment Charges for 10 years.

Age range

55-89 years and 364 days

Loan range

£30,000 - £1,000,000 (England)
£30,000 - £500,000 (Wales and Scotland)

Minimum property value

£125,000 (£150,000 for ex-council properties)

Maximum property value

£2,000,000 in England, or £1,000,000 in Wales

Drawdown facility option

Not currently available with this product

Application fee free option

This product is always fee-free

Partial repayments

Yes - up to 10% the total cash advanced within each 12-month period. Maximum 12 payments per year, minimum £50 per payment

Downsizing Early Repayment Charge exemption

Yes - no charge applies if ported to a suitable new property. Or, after 5 years from the date of the initial advance, the loan is repaid as a result of selling the property and moving to another property which does not meet our lending criteria

Fixed Early Repayment Charges

Yes- 9% in year 1, 8% in year 2, 7% in year 3, 6% in year 4, 5% in year 5, 4% in year 6, 3% in year 7, 2% in year 8, 1% in years 9-10 and 0% thereafter

Exception of Early Repayment Charges on death/admission into long-term care of a partner

Yes - within 3 years if one partner passes away or moves into long-term care

Got a case you would like to discuss?

Contact our Business Development Team on 01752 858 222, or email them at bdteam@royallondonequityrelease.com. They will aim to assist you with even the most complicated cases.

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