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Smarter wealth management with a lifetime mortgage

How much could you release?

A loan secured against your home, for ages 55+

Access the wealth in your property

Release tax-free cash from your home without the need to move. Take money from the loan when you need it.

Gift a living inheritance

Relieve the inheritance tax burden on your loved ones by gifting the money while you're still alive.

No fixed term and no monthly payments

The loan is repaid from the sale of your home when the last borrower dies or moves into long-term care.

Considerations

  • There’s no need to make monthly payments, unless you choose a Payment Term Lifetime Mortgage, where you have to pay the interest off monthly for an agreed payment term.
  • A lifetime mortgage may 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 if you die within seven years of making the gift.
  • The information included here regarding inheritance tax is based on our understanding of current tax rules, which are subject to change.
  • 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 so we can show you the calculation. You may also receive a call from us to assist you with your enquiry.

Before you start

  • If you want a joint lifetime mortgage, use the age of the youngest applicant.
  • The amount you can borrow is based on your age and the value of your home, but this might be less when you come to apply.
My date of birth is
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/
Are you still in employment?
be able to make monthly interest payments until I retire
£
£

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.

If we call, we’ll use your address to look up your property to assist with your enquiry.

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

Based on the information supplied you could release:
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.

* Required

What do you plan to use the money for? (You can select more than one)
What best describes you?
If you are thinking about applying for a lifetime mortgage with someone else, please let us know their date of birth.
By clicking 'Get result' and submitting this form you consent for us to potentially calling you about your results and how our Lifetime Mortgages may work for you.
By providing your email address you're giving consent for us to send you emails with news, information and offers on the products and services provided by Legal & General Financial Advice.

"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

John with grandchild
Omar smiling

"Everyone I’ve spoken to at Legal & General, all the way through, has been nothing other than a pleasure."

Start getting answers to your questions about later life mortgages in less than 60 seconds, or request a call back from our team.

Make your first step today and call us for a no obligation chat. We're happy to answer any questions you have.

0808 301 7044

Monday to Friday 9:00am - 6:00pm
Saturday 9:00am - 1:00pm
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