Scottish Widows equity release plans (review + calculator)

Scottish Widows offers the most popular type of equity release, a lifetime mortgage. All Scottish Widows lifetime mortgages meet the Equity Release Council standards and afford you their protections.

Let's review:

Scottish Widows equity release plans

Scottish Widows is a household name that has been offering financial services to the UK since 1815! They started offering equity release plans in the early 2000's; however, they withdrew from the market until relaunching in 2020.

Scottish Widows withdrew from the equity release market in 2025. They continue to fund a range lifetime mortgages distributed by LV=.

We have access to every equity release plan in the market, including the Scottish Widows funded lifetime mortgages offered by LV=.

Use our equity release calculator to compare plans from accross the market and find the best interest rate and loan amounts available.

Borrowing more on an existing Scottish Widows equity release plan

If you have an existing equity release plan with Scottish Widows, we can help you assess the best way to borrow additional funds.

Where you have a reserve facility in place (from a drawdown plan), you can contact Scottish Widows directly on 0345 122 1607 to request additional funds.

However, I always suggest that you compare additional borrowing with Scottish Widows to the cost of moving to a different lender.

We will require your authority to discuss your existing plan with Scottish Widows. Please complete the form below so that we can send you a Letter of Authority to complete, sign, and return so that we may speak with Scottish Widows.

Letter of Authority

Complete the form below to create a Letter of Authority for you to sign so we can speak with Scottish Widows regarding your existing equity release plan.

Your Address

Address Line 1

Address Line 2

Address Line 3

Town

County

Postcode

First Borrower

First name

Middle name(s)

Surname

Date of Birth

Second Borrower (optional)

First name

Middle name(s)

Surname

Date of Birth

Scottish Widows Mortgage

Mortgage reference

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If you have further questions, why not speak with one of our qualified advisors?

Call us on 0207 158 0881 or use our online form to book your FREE consultation.

While a qualified equity release advisor has written this guide, it is not intended to be used as financial nor legal advice and should not be relied upon.

To understand the full features and risks of an Equity Release plan, ask for a personalised illustration.

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