Speak with our UK equity release specialists: 
Scottish Widows equity release plans reviewed (and calculator)
CertCII (MP & ER)
Scottish Widows is a well known brand. But are their equity release plans any good, and how do they compare to the competition?
Key takeaway
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.
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.
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.
This guide is for information only and does not constitute financial or legal advice.
Equity release may involve a lifetime mortgage or home reversion plan and is not suitable for everyone.
It can reduce the value of your estate and may affect your entitlement to means-tested benefits.
To understand the full features and risks, ask for a personalised illustration.