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Ready to kick off your colourful retirement?

How much can you borrow

How a later life mortgage can help

Retirement’s different for everyone. But whether you’re changing your plans to meet unexpected circumstances or opening up to new possibilities for you and your loved ones, a later life mortgage can help. It’s a loan secured against your home that releases tax-free cash to use straight away.

What will you do next?

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Hear how a later life mortgage has helped other customers enjoy more colourful retirements.

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See how much you can borrow with our easy-to-use calculators

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Get a call back from one of our advisers to answer all your later life mortgage questions

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. You may also receive a call from us to assist you with your enquiry.

Before you start

  • The amount you can borrow is based on your age and the value of your home, but this might be less when you come to apply. If you are the sole borrower you may be able to release more.
  • If you're applying for a joint lifetime mortgage, enter the age of the youngest applicant.
  • You need to be between the ages of 50 and 90.
My date of birth is
/
/
Are you still in employment?
be able to make monthly interest payments until I retire
£
£

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.

If we call, we’ll use your address to look up your property to assist with your enquiry.

Just one more step…

To find out how much you could receive, and to get a call back to discuss the product details, please complete the form. You can also provide your email address if you’d like to opt in to receiving emails about our products and services.

We’ll never share your details with third parties for their own marketing purposes. Details of how we process your information can be found in our privacy notice. You can opt out of marketing at any time by emailing LGFAoptout@landg.com.

Based on the information supplied you could release:
This is an estimate. The amount you can release depends on your property, its value and your individual circumstances. Speak to an adviser to find out how much you could release.

Thank you.

* Required

What do you plan to use the money for? (You can select more than one)
What best describes you?
If you are thinking about applying for a lifetime mortgage with someone else, please let us know their date of birth.
By clicking 'Get result' and submitting this form you consent for us to potentially calling you about your results and how our Lifetime Mortgages may work for you.
By providing your email address you're giving consent for us to send you emails with news, information and offers on the products and services provided by Legal & General Financial Advice...

How much could you borrow?

Retirement Interest Only Mortgage affordability calculator

Our affordability calculator will give you an idea of the amount you could borrow. Please make sure you complete the calculator as thoroughly as possible for an accurate result.

Once you've had a calculation, you'll need to speak to an Adviser, who can talk to you about your circumstances and complete a full Decision in Principle. This will provide you with the exact amount that can be borrowed; it's subject to the information you provided plus the results of a credit reference check. Applications are subject to our standard lending criteria, status and financial standing.

The calculator gives an estimate of the potential amount you could borrow but is not a guarantee of lending. Additional calculations and evidence will be required to fully assess how much you can afford to pay. This may reduce the amount we would be prepared to lend.

Think carefully before securing a loan against your home. As a last resort, your home may be repossessed if you don't keep up with payments.

Please make sure you click on information buttons in the calculator to understand what amounts you need to include.

Customer stories

"We started to look at lifetime mortgages, as we realised there was real advantage in being able to help our children. We have a lot of money tied up in the house and it was a way of releasing that money for better lives for ourselves, our children and our grandchildren." John and June, Oxfordshire

John and June video

Legal and General Later Life Mortgages with John and June / 10 Aug 2022 / 02:55

Evadne video

Legal and General Later Life Mortgages with Evadne / 11 Nov 2021 / 02:55

“My son has always wanted to get on the property ladder, but has never been in a position to save up enough for a deposit. I spoke to a couple of financial advisers and the name that kept coming up all the time was Legal & General. The lifetime mortgage has ensured that my son now feels secure. That is worth more than any money. I’m very happy I was able to do that for him.” Evadne, Nottingham

Why L&G

Hand with trust

We're here to help you

Since 2015, we've lent over £6.84 billion to over 119,000 customers. 

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For lifetime mortgages

We're a proud member of the Equity Release Council.

Moneyfacts 2024

Award winning

Moneyfacts awarded us Best Equity Release Provider in 2024.