Retirement Plus is a specialist UK provider that occupies a very specific niche in the equity release market. Unlike the household names that focus on lifetime mortgages, Retirement Plus is a dedicated provider of home reversion plans.
However, there is a major caveat for those looking at this brand in 2026: Retirement Plus is currently a "closed" provider, meaning they are not taking on new applications at this time.
If you have an existing equity release agreement with Retirement Plus, get in touch with our advisers below to find out whether it’s in your interest to switch to a new deal elsewhere.
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Who is Retirement Plus?
Based in London, Retirement Plus was established to offer a distinct alternative to traditional roll-up mortgages. They are a member of the Equity Release Council and are regulated by the Financial Conduct Authority (FCA).
While many providers focus on volume, Retirement Plus focused on a unique "shared appreciation" model. However, for the past few years (including throughout 2025 and into 2026), the company has been in a "maintenance only" phase for existing customers, as their allocated funding for new plans has been exhausted.
What is the Retirement Plus "Property Plan"?
The hallmark of this provider was the Property Plan, a unique type of home reversion. Most home reversion plans (like those from Crown or Bridgewater) involve selling a fixed percentage of your home (e.g., 50%) for a fixed sum today.
The Retirement Plus model worked differently:
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Initial Share: You sell a small initial percentage of your home to Retirement Plus in exchange for a tax-free lump sum or income.
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Escalating Share: Unlike other plans, the percentage share owned by Retirement Plus increases every month at a fixed rate that was agreed upon at the start of the plan.
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No Interest: Because it is a reversion plan, there is no compound interest. Instead, the "cost" is the gradual loss of equity over time as their share of the property grows.
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Lifetime Lease: You retain the right to live in the home rent-free for life.
Key Features (For Existing Customers)
If you already have a Retirement Plus Property Plan, your contract remains protected under the following terms:
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Security of Tenure: You have a guaranteed right to live in your home until you pass away or move into permanent care.
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Predictable Equity Loss: Because the rate at which their share increases was fixed at the start, you can calculate exactly how much of the home you will still own in 5, 10, or 20 years.
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No Negative Equity: Like all Council-backed plans, you will never owe more than the home is worth, and you can never be evicted due to property value fluctuations.
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Maintenance Obligations: You remain responsible for the upkeep, insurance, and council tax of the property.
Pros and Cons of Retirement Plus
Pros:
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No Compound Interest: Your debt doesn't "snowball" in the way it can with a lifetime mortgage.
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Transparency: For those who found interest rates confusing, the "increasing share" model provided a visual way to understand equity loss.
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Regulated Protection: Member of the Equity Release Council.
Cons:
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Closed to New Business: You cannot currently apply for a new plan with them.
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Age Restrictions: Their plans were typically only available to those aged 65 and over, whereas mortgages start at 55.
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Gradual Equity Loss: Because their share increases every month, you are slowly losing the benefit of future house price growth on a larger and larger portion of your home.
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Bespoke Nature: The complexity of the escalating share model made it harder to compare directly against standard market products.
Your options if you have an equity release agreement with Retirement Plus
Your options would be to typically stay with Retirement Plus and remain in the agreement or find a new provider. To move to a new provider, you will need to speak to an enquiry release adviser to get an independent comparison of every option so you choose the right one.
Our equity release specialists can compare the deal you have at Retirement Plus with lifetime mortgages and other products from across the market to ensure you find the best solution.
Get started here to begin a free, no-obligation chat with an equity release adviser who specialises in helping Retirement Plus customers find better deals.