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.
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.
In year
I'd like to take an additional lump sum of
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?
I'd like to take a lump sum of
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.
I'd like a monthly income of
You've chosen a and an initial lump sum of . That means you could receive a monthly income of up to for .
The information you've provided means that you don't meet the minimum eligibility criteria for the Income Lifetime Mortgage. Please consider another option.
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
Term:
Initial Lump Sum:
Monthly 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:
"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."
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 9am - 6pm,
Saturday 9am - 1pm. We may record and monitor calls.
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?
