Tax-free cash to spend on whatever you want

Equity release is a way of releasing cash from your home while you still live in it. The most popular form of equity release is called a lifetime mortgage, which is a loan secured on your home.

Lifetime mortgages are available to homeowners aged 55 or over. You can 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 back until you die or move out of your home into long-term care.

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

A lifetime mortgage will reduce 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

Our Lifetime Mortgages

Find out more about the Lifetime Mortgages we offer and how they could help you.

Recommend a friend

If you know a friend or family member who is interested in a later life mortgage, we'd love to hear from them.

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If you have someone in mind then please discuss it with them first.

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When they're ready to talk to us we will ask them for your 8-digit application number. This will ensure that you both qualify for the offer. Don't worry - this will not give them access to any of your personal information.

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If they decide to apply for a later life mortgage we will send them, and you, the £250 Love2shop gift card when their mortgage completes as a thank you.



Terms and conditions

The offer

The recommend a friend promotion is a £250 Love2shop gift card reward to be sent to the person making the referral (the referrer) after the person receiving the referral (the referee) successfully finalises a Legal & General Lifetime Mortgage.  The referrer will also receive a £250 Love2shop gift card at the same time as the referee. (The referrer must have an application number given to them by Legal & General Financial Advice Limited.)

This offer is available to customers who have completed a Legal & General Lifetime Mortgage application between 1st June 2020 and 1st June 2021 and who have received financial advice from Legal & General Financial Advice Limited.

There is no limit to the number of referrals that can be made by an individual referrer.

This offer cannot be used in conjunction with any other offer.

Speak to one of our specialist advisers

Call us for a no-obligation chat about later life mortgages.

0808 163 8828

Monday to Sunday 8:30am - 8:00pm

We may record and monitor calls