Brand Logo Moneyfacts Group plc
Telephone Icon T: 01603 476476 Email Icon E: enquiries@moneyfacts.co.uk LinkedIn Icon

Moneyfacts Equity Release Star Ratings announced

Image of the Moneyfacts Star Ratings Brand Logo Image of the Moneyfacts Star Ratings Brand Logo Image of the Moneyfacts Star Ratings Brand Logo
Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
16/02/2022

A stellar year for the Moneyfacts Equity Release Star Ratings 2022

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2022 for Equity Release.

  • A total of 132 products were rated Five-Star, up from 122 last year. The number of Four-Star products has fallen over the same period, with 86 awarded in 2022, down 17.
  • There has also been a small dip in the number of products available for assessment, but this is a fall of just five products, just under 2% of the current market.
  • Over 35 fields were available for assessment for each product, evaluating both the features and flexibility.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive charges, which set them apart from the rest of the market.

The instantly recognisable Moneyfacts badge of quality has for over 30 years helped inform consumers comparing equity release products. About nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group plc, Financial Services online consumer survey 4/21).

A stellar year for the Moneyfacts Equity Release Star Ratings 2022

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2022 for Equity Release.

  • A total of 132 products were rated Five-Star, up from 122 last year. The number of Four-Star products has fallen over the same period, with 86 awarded in 2022, down 17.
  • There has also been a small dip in the number of products available for assessment, but this is a fall of just five products, just under 2% of the current market.
  • Over 35 fields were available for assessment for each product, evaluating both the features and flexibility.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive charges, which set them apart from the rest of the market.

The instantly recognisable Moneyfacts badge of quality has for over 30 years helped inform consumers comparing equity release products. About nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group plc, Financial Services online consumer survey 4/21).

This year’s Five-Star awarded providers include:

LV=, more2life, Aviva and Pure Retirement.

VIEW THE FULL LIST OF 2022 AWARDED PRODUCTS – PLEASE CLICK HERE.

This year’s Five-Star awarded providers include:

LV=, more2life, Aviva and Pure Retirement.

VIEW THE FULL LIST OF 2022 AWARDED PRODUCTS – PLEASE CLICK HERE.

David Stevens, Savings and Retirement Director at LV=, said:

“We are delighted to receive a five-star rating for LV=’s Lifetime Mortgage Drawdown Plus product. LV= has taken part in the Moneyfacts Equity Release Star Ratings for a number of years and this award demonstrates that we are a consistently trusted provider of equity release products.

“As more people recognise that equity release should be considered as part of their retirement planning, the independent experts at Moneyfacts will be a trusted guide to help advisers and clients make the right choice.”

 

Stuart Wilson, Corporate Marketing Director at more2life, said:

“At more2life we understand the considerable weight and respect afforded by a Five-Star rating from Moneyfacts – in an increasingly competitive and crowded marketplace, these trusted ratings signal a mark of value, quality and flexibility in product design. We are delighted to have met and exceeded that quality bar once again.”

 

Paul Carter, CEO at Pure Retirement, said:

“As a lender dedicated to providing innovative and market-leading products, it’s always great to see our approach validated via industry standards. Having an independent and impartial standard for products as widely respected as Moneyfacts’ means that advisers can recommend our products with confidence, safe in the knowledge that they’ve been designed and considered with best customer outcomes in mind.”

 

Lee Tillcock, Editor of Investment Life & Pensions Moneyfacts, said:

“The past 12 months have seen the equity release sector continue to grow. The changing consumer needs witnessed over the past two years have been met by product flexibility and innovation, providing older homeowners looking to unlock cash from their homes with an unprecedented choice of equity release products and options to choose from.

“The annual Moneyfacts Equity Release Star Ratings provide consumers with a valuable insight into the quality of the equity release features on offer, outside of the products’ key features.”

David Stevens, Savings and Retirement Director at LV=, said:

“We are delighted to receive a five-star rating for LV=’s Lifetime Mortgage Drawdown Plus product. LV= has taken part in the Moneyfacts Equity Release Star Ratings for a number of years and this award demonstrates that we are a consistently trusted provider of equity release products.

“As more people recognise that equity release should be considered as part of their retirement planning, the independent experts at Moneyfacts will be a trusted guide to help advisers and clients make the right choice.”

 

Stuart Wilson, Corporate Marketing Director at more2life, said:

“At more2life we understand the considerable weight and respect afforded by a Five-Star rating from Moneyfacts – in an increasingly competitive and crowded marketplace, these trusted ratings signal a mark of value, quality and flexibility in product design. We are delighted to have met and exceeded that quality bar once again.”

 

Paul Carter, CEO at Pure Retirement, said:

“As a lender dedicated to providing innovative and market-leading products, it’s always great to see our approach validated via industry standards. Having an independent and impartial standard for products as widely respected as Moneyfacts’ means that advisers can recommend our products with confidence, safe in the knowledge that they’ve been designed and considered with best customer outcomes in mind.”

 

Lee Tillcock, Editor of Investment Life & Pensions Moneyfacts, said:

“The past 12 months have seen the equity release sector continue to grow. The changing consumer needs witnessed over the past two years have been met by product flexibility and innovation, providing older homeowners looking to unlock cash from their homes with an unprecedented choice of equity release products and options to choose from.

“The annual Moneyfacts Equity Release Star Ratings provide consumers with a valuable insight into the quality of the equity release features on offer, outside of the products’ key features.”

Numerous features are considered when assessing the ratings, and some of these include:

Numerous features are considered when assessing the ratings, and some of these include:

Equity release

Equity release

Flexibility

  • Minimum and maximum ages
  • Minimum and maximum loan-to-values (LTVs)
  • Minimum and maximum advances
  • Lump sum options
  • Drawdown options
  • Regular income facility
  • Interest roll-ups
  • Portability
  • Ability to service debt
  • Partial payments

Flexibility

  • Minimum and maximum ages
  • Minimum and maximum loan-to-values (LTVs)
  • Minimum and maximum advances
  • Lump sum options
  • Drawdown options
  • Regular income facility
  • Interest roll-ups
  • Portability
  • Ability to service debt
  • Partial payments

Features

  • Rate type
  • Interest charging frequency
  • Equity Release Council membership
  • Negative equity guarantees
  • Early repayment charges
  • Valuation/survey fees
  • Cashback
  • Legal fees
  • Downsizing protection.

Features

  • Rate type
  • Interest charging frequency
  • Equity Release Council membership
  • Negative equity guarantees
  • Early repayment charges
  • Valuation/survey fees
  • Cashback
  • Legal fees
  • Downsizing protection.

Notes to editors

Pioneering financial comparison technology for over 30 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit and Charge Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Ethical Fund
  • Equity Release
  • Critical Illness
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loan.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

Pioneering financial comparison technology for over 30 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit and Charge Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Ethical Fund
  • Equity Release
  • Critical Illness
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loan.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Contact Us If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.
Rachel Springall Press Officer / Finance Expert
Eleanor Williams Press Officer / Finance Expert