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Enjoy a more colourful retirement with a lifetime mortgage

Release a tax-free cash sum from your home


What is a lifetime mortgage?

A lifetime mortgage is a way of releasing cash from your home while you still live in it. It's a loan secured on your home which allows you to take a lump sum all at once, a series of lump sums when it suits you, or a regular income. You don't have to repay anything until you die or move out of your home into long-term care. To be eligible for a lifetime mortgage, you must be aged 55 or over.

Is a lifetime mortgage right for you?

Use the money however you want

Home improvements, pay off an existing mortgage or just topping up your monthly income – it’s up to you. There may be cheaper ways to borrow money

Provide an inheritance

You can protect part of the value of your home so it can still be left as an inheritance

You don't have to move home

A lifetime mortgage means you can stay in your own home, but still access the money tied up in it

Fixed interest rates

Our rates are fixed so they will never change during the life of the loan

Nothing to repay while you live in the home

You don’t have to repay any of the money or the interest until you die or move permanently out of your home into long-term care

No negative equity guarantee

Whatever happens to the value of your property, you will never owe more than the price it is sold for. Subject to terms and conditions

Discover which lifetime mortgage product might suit you

With a lifetime mortgage, a loan secured against your home, you could release money without having to move. This is a type of equity release and will reduce an inheritance.

We have a range of lifetime mortgage products. Answer a few simple questions to see which one could offer the solution you’re looking for.

Lifetime mortgage 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 to show you the calculation, then give you a call.

I am years old
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.

Why Legal & General?

  • New lifetime mortgage customers who choose Legal & General.

  • Amount we've lent since 2015 to over 74,000 customers.

  • Number of applications we process each week, on average.

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Speak to one of our specialists

Call us for a no-obligation chat about lifetime mortgages.

0808 301 70440808 301 7044

Monday to Friday 8:30am - 8:00pm
Saturday 9:00am - 1:00pm
We may record or monitor calls