Release tax-free cash from your home with a lifetime mortgage.
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 as a lump sum or as a series of lump sums.
- 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. Subject to terms and conditions.
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 state 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.
- You may have to pay an Early Repayment Charge to your existing lender if you remortgage.
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.
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 by emailing LGFAoptout@landg.com
Good news!
Based on the information supplied, you could release the amount below:
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.
Good news!
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The maximum amount you could release with our Payment Term Lifetime Mortgage is:
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
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.
Good news!
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The maximum amount you could release with our Payment Term Lifetime Mortgage is:
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
If you don't want to make monthly interest payments or you want to be able to stop making monthly interest payments at any time then the maximum amount you could release with our other Lifetime Mortgages is:
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
If you don't want to make monthly interest payments or you want to be able to stop making monthly interest payments at any time then the maximum amount you could release with our other Lifetime Mortgages 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.
Thank you.
If you shared your phone number, we may be in touch to discuss your options. If you’d like to speak to one of our advisers straight away, you can call us 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
Take a look at the lifetime mortgage products we offer:
Why Legal & General
We're here to help you
Since 2015, we've lent over £6.52 billion to over 115,000 customers.
For lifetime mortgages
We're a proud member of the Equity Release Council.
Award winning
Moneyfacts awarded us Highly Commended for Best Equity Release Provider in 2023.
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.
0808 291 5444
For any other enquiries please get in touch via our contact us page.
Monday to Friday 9:00am - 6:00pm
Saturday 9:00am - 1:00pm
We may record and monitor calls.
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