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?

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

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

Get a call back from one of our advisers to answer all your later life mortgage questions
How much can you borrow?
Use our free Lifetime Mortgage or Retirement Interest Only Mortgage calculator to see how much you could borrow.
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.
How to use this calculator
- If you want a joint lifetime mortgage, use the age of the youngest applicant
- Once you have your result, you can keep using the calculator to see the different ways you could release the money
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 policy. You can opt out of marketing at any time be emailing LGFAoptout@landg.com
Good news!
Based on the information supplied, you could release the amount you specified:
The maximum amount you could release is:
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.
Based on the information supplied, you could release up to:
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.
Congratulations. You've joined one of the 396 people who contact us each week to enquire about our Lifetime Mortgages.
One of our Customer Service Agents will contact you with indicative interest rates based on your information. If you shared your phone number you can also expect to receive a call from us in the next day or two. Or an email will be with you shortly.
If you’d like to speak to us sooner you can call us directly, for a free, no-obligation chat on:
Monday to Sunday 8:30am - 8:00pm. We may record and monitor calls.
A lifetime mortgage is a loan secured on your home. Interest is charged on the loan plus any interest already added. This means the amount you owe can increase quickly over time. There may be cheaper ways for you to borrow money.
Step 1 / 2
How would you like to receive your money?
There's more than one way to release your money with one of our Lifetime Mortgages.
A lifetime mortgage will reduce the equity left in your home and the value of any inheritance. A lifetime mortgage is usually repaid when the last borrower dies or moves out of the home and into long term care.
Subject to property value and eligibility.
Step 1 / 2
Your options for taking a lump sum
Depending on how you need the money, you can receive it as a one off cash lump sum or as a series of smaller cash sums as and when you need it. The option to take lump sums in the future is not guaranteed and will depend on whether you're still eligible to borrow more money.
There's an option to pay the interest off as you go. Ask our Customer Service Agents for more information.
You may be able to borrow between and
Total you've chosen below:
Total remaining:
Step 2 / 3
Your options for a regular income
If you're interested in a regular income, you can select this to be paid for a set number of years.
Once the fixed income term ends the monthly income will stop but interest will continue to roll up until the lifetime mortgage is repaid.
Over how many years would you like your income to be paid?
Though you've chosen a regular income, you have to take an initial lump sum of at least £2,500. You can take more than this. It's your choice.
You've chosen a and an initial lump sum of . That means you could receive a monthly income of up to for .
Step 2 / 2
You're interested in a lump sum of
This is an estimate of the amount you may be able to release. The amount you can release depends on your property and your individual circumstances. Taking a lifetime mortgage could affect your eligibility for state benefits.
You're interested in a series of lump sums
This is an estimate of the amount you may be able to release. The amount you can release depends on your property and your individual circumstances. Taking a lifetime mortgage could affect your eligibility for state benefits.
You're interested in a regular income
This is an estimate of the amount you may be able to release. The amount you can release depends on your property and your individual circumstances. Taking a lifetime mortgage could affect your eligibility for state benefits.
Next steps
We'll be in touch shortly if we haven't already called. In the meantime, consider these products.
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 affordability and is not a guarantee of lending. Additional evidence may be required.
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.
Required information for each applicant
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Your property value
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Your desired loan amount
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Dependants and retirement age
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Employment and other income
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Pension details
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Monthly payments
Retirement Interest Only Mortgage
Let’s get started with your property and amount you'd like to borrow
Retirement Interest Only Mortgage
Application details (Step 1/5)
We now need to know if you're applying on your own or with someone else and if you have any dependants
Retirement Interest Only Mortgage
We now need to know your age and employment status
Retirement Interest Only Mortgage
Retirement Interest Only Mortgage
Retirement Interest Only Mortgage
Retirement Interest Only Mortgage
Retirement income
Retirement Interest Only Mortgage
Retirement Interest Only Mortgage
Monthly payments
Retirement Interest Only Mortgage
Good news, based on the information you've provided we may be able to lend you the amount you're looking for.
XXXXXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer you a mortgage. The exact amount we'll lend you will be subject to a credit reference check, confirmation of your income and the value and suitability of your property. If any of these details change then the mortgage amount we'll offer you may change.
The calculator gives an estimate of affordability and is not a guarantee of lending. Additional evidence may be required.
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.
Next steps
To get a call back about our Retirement Interest Only Mortgage, and discuss all your options, please complete the form. If you’d like to receive information about our products and services you can also opt-in by providing your email address.
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 policy. You can opt out of marketing at any time by emailing LGFAoptout@landg.com
Retirement Interest Only Mortgage
Unfortunately, based on the information you’ve provided, we wouldn’t be able to lend you the mortgage amount requested, however, you may be able to borrow:
XXXXXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer you a mortgage. The exact amount we'll lend you will be subject to a credit reference check, confirmation of your income and the value and suitability of your property. If any of these details change then the mortgage amount we'll offer you may change.
The calculator gives an estimate of affordability and is not a guarantee of lending. Additional evidence may be required.
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.
Next steps
To get a call back about our Retirement Interest Only Mortgage, and discuss all your options, please complete the form. If you’d like to receive information about our products and services you can also opt-in by providing your email address.
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 policy. You can opt out of marketing at any time by emailing LGFAoptout@landg.com
Retirement Interest Only Mortgage
Unfortunately based on the information provided you haven't passed our affordability for a Retirement Interest Only Mortgage.
However you may be eligible to borrow money with an Optional Payment Lifetime Mortgage which is also a loan secured on your home and will also let you make monthly interest payments.
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 policy. You can opt out of marketing at any time by emailing LGFAoptout@landg.com
Retirement Interest Only Mortgage
Thank you
Thank you for submitting your details, one of our Customer Service Agents will call you soon to discuss your options.
Retirement Interest Only Mortgage
Good news, based on the information you've provided we may be able to lend you the amount you're looking for.
XXXXXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer you a mortgage. The exact amount we'll lend you will be subject to a credit reference check, confirmation of your income and the value and suitability of your property. If any of these details change then the mortgage amount we'll offer you may change.
The calculator gives an estimate of affordability and is not a guarantee of lending. Additional evidence may be required.
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.
Retirement Interest Only Mortgage
Unfortunately, based on the information you’ve provided, we wouldn’t be able to lend you the mortgage amount requested, however, you may be able to borrow:
XXXXXX
The mortgage amount is based on the information you've provided and doesn't commit us to offer you a mortgage. The exact amount we'll lend you will be subject to a credit reference check, confirmation of your income and the value and suitability of your property. If any of these details change then the mortgage amount we'll offer you may change.
The calculator gives an estimate of affordability and is not a guarantee of lending. Additional evidence may be required.
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.
Retirement Interest Only Mortgage
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Property details
Property value:
Desired loan amount:
Mortgage type:
Location of property:
Ownership of property:
Property type:
Applicants
Number of applicants:
Adult dependents (18 and over):
Child dependents (17 and under):
Applicant 1
Applicant age:
Primary employment status:
Expected retirement age:
Secondary employment status:
Employed/Fixed Term Contract – Income 1
Annual gross total income:
Additional annual income:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
Employed/Fixed Term Contract – Income 2
Annual gross total income:
Additional annual income:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
Self Employed - Income 1
Business earnings - last full year:
Business earnings - previous year:
Self Employed - Income 2
Business earnings - last full year:
Business earnings - previous year:
Director/Shareholder - Income 1
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
Director/Shareholder - Income 2
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
Retirement Income
In receipt (total):
Future (total):
Dependant's death benefit (total):
Other income
Maintenance:
Disability benefits:
Investment income:
Monthly expenditure
Total credit card balance(s):
Total mortgages and secured loan(s) payments:
Total unsecured loan(s) payments:
Other on-going commitments:
Property Charges
Ground rent (monthly):
Service charge (monthly):
Buy To Let properties
Total monthly rental income:
Total monthly mortgage payments:
Legal & General Home Finance Limited is a wholly owned subsidiary of Legal & General Group plc. Registered in England and Wales, number 04896447.
Registered office: One Coleman Street, London EC2R 5AA. Legal & General Home Finance Limited is authorised and regulated by the Financial Conduct Authority.
Applicant 2
Applicant age:
Primary employment status:
Expected retirement age:
Secondary employment status:
Employed/Fixed Term Contract – Income 1
Annual gross total income:
Additional annual income:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
Employed/Fixed Term Contract – Income 2
Annual gross total income:
Additional annual income:
Annual gross overtime:
Annual gross commission:
Annual car allowance:
Annual other allowance:
Self Employed - Income 1
Business earnings - last full year:
Business earnings - previous year:
Self Employed - Income 2
Business earnings - last full year:
Business earnings - previous year:
Director/Shareholder - Income 1
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
Director/Shareholder - Income 2
Share of net profits for last year plus salary:
Share of net profits for the previous accounting period plus salary:
Retirement Income
In receipt (total):
Future (total):
Dependant's death benefit (total):
Other income
Maintenance:
Disability benefits:
Investment income:
Monthly expenditure
Total credit card balance(s):
Total mortgages and secured loan(s) payments:
Total unsecured loan(s) payments:
Other on-going commitments:
Property Charges
Ground rent (monthly):
Service charge (monthly):
Buy To Let properties
Total monthly rental income:
Total monthly mortgage payments:
Legal & General Home Finance Limited is a wholly owned subsidiary of Legal & General Group plc. Registered in England and Wales, number 04896447.
Registered office: One Coleman Street, London EC2R 5AA. Legal & General Home Finance Limited is authorised and regulated by the Financial Conduct Authority.
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


“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 choose a Legal & General later life mortgage?

We're here to help you
Since 2015, we've lent £5.8 billion to over 107,000 customers.

For lifetime mortgages
As a member of the Equity Release Council, we uphold it's standards and safeguards.

Best Equity Release Provider
Moneyfacts recognised our Lifetime Mortgages in 2021.