John Lewis offer | Retirement

What is a lifetime mortgage?

Designed exclusively for homeowners aged 55 or over, it’s a loan that’s secured against your home. It lets you release a lump sum, tax-free, without having to move or downsize. This will reduce the equity left in your home and the value of any unprotected inheritance.

The interest rate is fixed for the duration of the loan. There are no monthly payments to make – in fact, it’s typically only repaid once the last remaining borrower dies or moves into long-term care. A lifetime mortgage may affect your entitlement to means-tested benefits. There may be cheaper ways to borrow money.

Take out a lifetime mortgage before
28 February 2022 and we’ll give you a £250 John Lewis gift card as a thank you.
Call now, free, on 0808 231 8449.
Monday - Friday 8.30am - 8pm and Saturday 9am - 1pm. We may record and monitor calls.

You’ll need to quote your unique customer reference from the top of the letter we sent you.

Terms and conditions apply

How much could I release?

How much you can release from your property depends on your age and your property’s value. To find out how much you may be able to release, why not try our free, easy-to-use equity release calculator:

Equity release calculator

This calculator helps you see how much equity you could release with a lifetime mortgage, a loan secured against your home. We'll ask you to register your details so we can show you the calculation, then give you a call.

My date of birth is
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My postcode is

My home is worth around

I'm looking to release

This is a guide to the lifetime mortgage products we offer, and not advice or a personal recommendation. You can only buy a lifetime mortgage through a financial adviser.

We use your address to look up your property ahead of our call, to assist you with your enquiry.

Terms and conditions

1. Legal & General reserves the right to withdraw this reward at any time without prior notice but will still provide gift cards to eligible participants for any lifetime mortgage completed prior to the date of withdrawal of this offer.
2. The scheme is open to residents of England, Wales and Mainland Scotland aged 55 to 90 who have successfully taken out a later life mortgage loan through this Reward Scheme by midnight 28 February 2022.The first named borrower will receive a £250 John Lewis gift card within the 60 days after completing their lifetime mortgage, provided you have quoted your unique reference number as required by clause 5 and confirmed your address to us.
3. The recipient of the John Lewis gift card will be notified by telephone using the contact details provided on your account. Any recipient of the John Lewis gift card must confirm their address in order to claim the reward, which Legal & General will send to them securely in the post.
4. There is no cash alternative to the John Lewis gift card. Legal & General reserves the right (but is not obliged) to substitute a reasonably equivalent alternative voucher, of equal or greater value, should circumstances make this necessary.
5. To be eligible for this Reward Scheme, you will need to have received Legal & General’s October mail pack and quote your unique reference number printed at the top of your letter, along with your full name and address to the adviser you speak to.
6. John Lewis is not a party to these terms and conditions. Additional terms and conditions may apply to the John Lewis gift card, including but not limited to specifying where and how the gift card can be spent. You must read the terms and conditions of the John Lewis gift card to understand any such requirements. These can be found under the ‘Gift cards & e-gift cards’ tab at: www.johnlewis.com/customer-services/shopping-with-us/terms-and-conditions. Legal & General accepts no liability in relation to the John Lewis gift card itself.
7. Any decision of Legal & General as to eligibility to take part in the Reward Scheme or the result of the Reward Scheme will be final, and no correspondence will be entered into. Legal & General accepts no responsibility for applications that are incomplete, delayed, lost, damaged, unreadable or submission of incomplete information or any other reason.
8. Legal & General reserves the right to delay the Reward Scheme in the event of circumstances outside its reasonable control, which it considers make it necessary for it to do so.
9. A recipient of a John Lewis gift card through the Reward Scheme may be asked to take part in non-paid publicity or advertising relating to the Reward Scheme, which may include having their photograph taken for promotional and press purposes. If you object to this, please note your objection when you confirm your address to us.
10. By entering the Reward Scheme, all applicants consent to the transfer of any personal data to the Data Controller for the purposes of the administration of this Reward Scheme and the referrer and referee consent to the transfer of their personal data to the Data Controller for the purposes of advertising, promotion and/or publicity in connection with the Reward Scheme.
11. The Reward Scheme and these terms and conditions are subject to English law. Any disputes must be referred to the English courts.

Get a £250 John Lewis gift card

When you take out a Legal & General Lifetime Mortgage.

What is a lifetime mortgage?

How much could I release?

How much you can release from your property depends on your age and your property’s value. To find out how much you may be able to release, why not try our free, easy-to-use equity release calculator:

Equity release calculator

Just one more step...

Good news!

Congratulations. You've joined one of the 396 people who contact us each week to enquire about our Lifetime Mortgages.

Step 1 / 2

How would you like to receive your money?

A lump sum, or series of lump sums

As a regular income

Step 1 / 2

Your options for taking a lump sum

Step 2 / 3

Your options for a regular income

Over how many years would you like your income to be paid?

Step 2 / 2

You're interested in a lump sum of

You're interested in a series of lump sums

You're interested in a regular income

Next steps

Get a £250 John Lewis gift card

When you take out a Legal & General Lifetime Mortgage.

Equity release calculator

Rewire your retirement

Terms and conditions