Estate Planning and Later Life Mortgages

With a later life mortgage you can borrow money based on the value of your home to pay off your existing mortgage.

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We'll be in touch soon. In the meantime, why not explore our ‘Rewirement’ section? It’s a great place to find articles, interviews, tips and ideas to help you enjoy a more colourful retirement.

Request a call back about our later life mortgages

If you'd like us to call you about our later life mortgages. please complete your full name and phone number. You can also provide your email address if you’d like to opt in to receiving emails about our products and services. Details on how we process your information can be found in our privacy policy.

First name

Last name

Phone number

By submitting this form you consent to us calling you to discuss how the products and services provided by Legal & General Financial Advice may work for you.

Email address (optional)

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'll never share your details with third parties for their own marketing purposes.

You can opt out of marketing at any time by emailing LGFAoptout@landg.com.

The personal information collected from you will be shared with fraud prevention agencies to prevent fraud and money-laundering and to verify your identity. If fraud is detected, you could be refused certain services, finance, or employment. Further details of how your information will be used by us and these fraud prevention agencies, and your data protection rights, can be found on legalandgeneral.com/cifas

How much could you borrow? How much could you borrow?

A loan secured against your home, for ages 55+

Pay off your existing mortgage

Release tax-free cash from your home and use the money you've borrowed to pay off your existing mortgage.

No need to downsize

With a later life mortgage, there's no need to move out of your home.

No fixed term

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

Considerations

Interest is charged on the loan plus any interest already added. This means the amount you owe will increase quickly over time.
A later life 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).
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

My date of birth is
DD / MM / YYYY

My postcode is

postcode

Select address My address is

My home is worth around

£ 0

I'm looking to release

£ 0

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

First name

Last name

What do you plan to use the money for? (You can select more than one) Repaying an interest-only mortgage Holiday Buying a car Family gifting Providing an emergency fund Enjoying life more Repaying other debts / reducing monthly debt payment Home improvements Other

Phone number

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.

Email address (optional)

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.

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.

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:

0808 301 70440808 301 7044

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.

A lump sum, or series of lump sums

You can receive the money as one lump sum or as a series of smaller amounts over time to suit you

As a regular income

You could get a fixed monthly income for a set period of up to 25 years

In year year

I'd like to take an additional lump sum of

£ 0

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?

10 15 20 25

I'd like to take a lump sum of

£ 0

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

£ 0

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

You're interested in a regular income

Term:

Initial Lump Sum:

Monthly Income:

Next steps

Take a look at the lifetime mortgage products we offer:

Flexible Lifetime Mortgage

If you'd like to take a lump sum, or a series of smaller lump sums, without having to make interest payments, take a closer look at this option.

Optional Payment Lifetime Mortgage

If you'd prefer to take a lump sum, or a series of smaller lump sums, and pay off some or all of the interest as you go, take a look at this option.

Looking for an interest only option?

A Retirement Interest Only Mortgage is a loan secured against your home. You have to pay the interest off monthly, but the full amount of the loan isn't usually repaid until you die or move out of the home into long-term care. As a last resort, your home may be repossessed if you do not keep up repayments.

If you're looking to release some money from your home to pay off an existing mortgage, this is one of the options available to you.

Our Retirement Interest Only Mortgage Our Retirement Interest Only Mortgage

"When I found out about lifetime mortgages, I thought this was very interesting because I can stay in the place that I love... It takes the pressure off, and allows me to continue a great quality of life."

- Robert, Brixton

Find out how much you could borrow Find out how much you could borrow

Still of Robert in kitchen, with 'Play' button overlaid

"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.

0808 163 41520808 163 4152

Monday to Friday 9am - 6pm,
Saturday 9am - 1pm. We may record and monitor calls.

John and June in the garden outside their home

Wealth management with a lifetime mortgage

Cutting down your estate by gifting money to your loved ones can cut down inheritance tax too.

Estate planning and lifetime mortgages Estate planning and lifetime mortgages

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?

Funding a second home Funding a second home

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.

Need help 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.

Thank you for submitting your details

We'll be in touch soon. In the meantime, why not explore our ‘Rewirement’ section? It’s a great place to find articles, interviews, tips and ideas to help you enjoy a more colourful retirement.

Request a call back about our later life mortgages

A loan secured against your home, for ages 55+

Pay off your existing mortgage

No need to downsize

No fixed term

Considerations

Equity release calculator

Just one more step...

Good news!

Thank you.

Step 1 / 2

How would you like to receive your money?

A lump sum, or series of lump sums

As a regular income

Step 1 / 2

Your options for taking a lump sum

Step 2 / 3

Your options for a regular income

Over how many years would you like your income to be paid?

Step 2 / 2

You're interested in a lump sum of

You're interested in a series of lump sums

You're interested in a regular income

Next steps

Looking for an interest only option?

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

Learn more

Is equity release a good idea for you?

The Bank of Mum and Dad (BoMaD)

Downsize or equity release?

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