Why choose us?

About us

About Legal & General

Legal & General Retail helps create brighter financial futures for all our customers. The division covers the savings, protection and retirement needs of our c.14 million retail policyholders and workplace members.

In 2023, we had total individual annuity sales of £1,431 million, and issued £299 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 5.2 million members, while our Protection businesses gave peace of mind to several million direct, group and US customers, taking in £1,991 million of UK and $1,584 million of US gross written premiums.

About Legal & General Home Finance

We've transformed the later life mortgage market since our entry in 2015.

Our proven track record and multi award winning products help prove our drive to change and improve the later life mortgages marketplace.

As of June 2024, we've lent over £6.66 billion and helped over 117,000 customers get a later life mortgage.

Since we started

Since 2015, we've helped over 117,000

customers get a lifetime mortgage

We've lent over £6.66 billion,

with over £299 million in 2023

250 applications

were processed a week on average in 2023

What our customers say about us

Customer, Jeffery

An all round excellent service. I can't fault the service in any way at all. Would definitely recommend! Thank You!

Customer, Hawtin

We were amazed how efficient and quickly our mortgage came through. this was a big decision for us and the fact your service was so good, really took the pressure off us. Thank you.

Customer, Shenton

The process was very straight forward and easy to understand. Completion from application took approx. 3 weeks so very pleased with the whole process and service provided. Thank you

Over 75%

of cases go straight to valuation

85 Net Promoter Score

from our customers feedback in 2023

Vulnerable people

Our staff are trained to recognise the signs of these types of customers

Key features of our products

Easy digital application - Apply entirely online and get a valuation quickly.
No Negative Equity Guarantee - Never pay back more than the property is sold for, as long at it’s sold at the best price reasonably obtainable. For our Payment Term Lifetime Mortgage, the No Negative Equity Guarantee won’t apply to any monthly interest payments your client fails to make in full, and on time. Subject to terms and conditions.
Compassionate Repayment Feature - Joint policy holders pay no Early Repayment Charge if the loan is repaid by the remaining borrower within three years of the death or entry into care of the other borrower.

Optional Inheritance Protection - Ensure there’ll be equity left for beneficiaries. Subject to terms and conditions.
Optional Partial Repayments (OPR's) - Repay up to 10% of the loan each year without any Early Repayment Charges. For our Optional Payment and Payment Term Lifetime Mortgages they can make OPR's after the client's payment term has concluded. Subject to terms and conditions
Drawdown facility - For our Interest Roll Up and Optional Payment Lifetime Mortgages your client can release some cash at the outset and borrow more later from the remaining amount (min £1,000). Subject to product variant and terms and conditions.

Our Lifetime Mortgages

Interest Roll Up

Allows your client to release some of the money that’s tied up in their home without having to move or make any monthly payments.

Optional Payment

Allows your client to release equity from their home and pay some or all of the monthly interest which will reduce the amount of interest that rolls up.

Payment Term

Allows your client the assurance of monthly interest payments for a chosen payment term which could reduce the overall cost of their loan.