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 |
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15 years | 55-84 years & 364 days |
| Royal London Equity Release Core Premier | £2,000,001+ |
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15 years | 55-84 years & 364 days |
| Royal London Equity Release Principal | £125,000 - £2,000,000 |
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10 years | 55-89 years & 364 days |
Please zoom in on the image to get a better view of our products’ details.
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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