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Equity Release with a lifetime mortgage

Release tax-free cash from your home with a lifetime mortgage.

Speak to us about our lifetime mortgages today on 0808 301 70440808 301 7044 Calls are free. Monday to Sunday, 8.30am to 8.00pm.

If you're aged 55 or over and looking at different options for your financial future, one of our lifetime mortgages could help. A loan secured against your home, it’s a type of equity release that helps you release tax-free cash to use now.

  • Take a minimum loan amount of £10,000
  • No need to make monthly interest payments
  • Option to apply for more money in the future

The loan is repaid in full, along with the interest, from the sale of the property when the last borrower dies or moves into long-term care. We also offer Inheritance Protection so you can secure a proportion of the net sale proceeds of your home for your beneficiaries. This will reduce the amount you can borrow.

Things to think about

  • Interest is charged on the loan plus any interest already added. This means the amount you owe will increase quickly over time.
  • A lifetime mortgage will reduce an inheritance and may affect your entitlement to means-tested benefits.
  • You can stay in your own home and you will never owe more than it's sold for (subject to terms and conditions).
  • If you give the money away, the recipient may have to pay inheritance tax in the future.
  • You may have cheaper ways to borrow money.

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 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 choose Legal & General

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5-star products

Moneyfacts awarded our Lifetime Mortgages five stars in 2019.

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Responsible lender

As a member of the Equity Release Council, we uphold their standards and regulations.

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We're here to help you

Since 2015, we've lent £4.4 billion to over 89,000 customers.

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Get in touch to see if we can help you release equity

To have a chat about your options for releasing equity from your house, call us on the number below.

For any other enquiries please get in touch via our contact us page

0808 301 70440808 301 7044

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

We may record and monitor calls