Call us free today for a no obligation chat on 0808 301 7044
Smarter wealth management with a lifetime mortgage
A loan secured against your home, for ages 55+
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
"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
"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.
Monday to Friday 9:00am - 6:00pm
Saturday 9:00am - 1:00pm
We may record and monitor calls.
Lines are currently closed
Paying off your interest-only mortgage
With a later life mortgage, you can borrow money based on the value of your home to pay off your existing mortgage.
Using equity release to expand your property portfolio
Ready for a second home, holiday home or a rental property investment? A later life mortgage could help?
Learn more
Is equity release a good idea for you?
Although the market now offers greater flexibility, more choice and increasingly competitive rates, myths around equity release remain.
Here we set the record straight and explain how equity release can help boost your finances.
The Bank of Mum and Dad (BoMaD)
The Bank of Mum and Dad is a way in which children are financially supported by their parents, or helped to get on the property ladder.
Downsize or equity release?
Here are some of the things to think about if you’re considering downsizing, or taking out a lifetime mortgage, a form of equity release.