Jo sat on deck chair

Lifetime mortgage calculator

See how much you could release from your home with our simple lifetime mortgage calculator

Our lifetime mortgage calculator

Our calculator will help you see how much value you can release from your home with one of our Lifetime Mortgages. Like any mortgage, it’s a loan you take out against your home. We’ll:

  • ask you for a few simple details
  • calculate how much you can get
  • follow up with a call to answer any questions.

You can only buy a lifetime mortgage through a financial adviser. Our calculator is a guide - we can’t give you advice or make personal recommendations about which one’s best for you. Your financial adviser will be able to help with that.

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
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

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.

  Interest Roll Up Lifetime Mortgage Optional Payment Lifetime Mortgage Payment Term Lifetime Mortgage
Age 55+ 50+
Minimum property value considered £70,000 or £100,000 for flats, maisonettes, ex-council, ex-housing association or ex-Ministry of Defence properties.
How is the loan paid out? Lump sum or series of lump sums Lump sum or series of lump sums Lump sum
Minimum initial lump sum £10,000
Minimum additional drawdown amounts for each release £1,000 £1,000 Drawdown not available
Maximum loan amount Determined by your age and property value. Determined by your age, affordability and property value
Is the loan secured against my home? Yes
When do I have to repay the full amount of the loan? The loan is usually repaid when you die or move out of the home and go into long-term care.
How is interest charged on the loan? Interest is charged on the loan amount plus any interest already added, so the amount owed will increase quickly over time unless you pay off some or all of the interest. You may have cheaper ways to borrow money.
Do I have to pay interest every month? No - but you can choose to make partial repayments if you want to manage the amount owed on the loan and interest. No - but you can pay some or all of the monthly interest to reduce the overall cost of the loan, and you can stop making payments at any time. If you choose to stop payments, you can't restart them. Yes, you must pay the full interest amount each month for a chosen payment term. This will reduce the overall cost of the loan and may mean that you are able to borrow more than with other lifetime mortgages.
Will I still own my home? Yes, the property stays in your name and the loan is secured against your home. Yes, the property stays in your name and the loan is secured against your home. However, as a last resort, your home may be repossessed if you do not keep up with payments.
Can I end up owing more than the home is worth? No. With our No Negative Equity Guarantee, as long as you follow the terms and conditions of the loan, you'll never owe more than the home is worth. The No Negative Equity Guarantee will not apply to any missed monthly interest payments and the interest on them. If the sale of your property doesn’t cover these, we’ll ask your beneficiaries to settle the balance.
Is the interest rate fixed? Yes. The interest rate is fixed for the life of the loan.
Woman on the phone

Call us about lifetime mortgages

To speak to us about your lifetime mortgage options, call the number below.

For any other enquiries please get in touch via our contact us page.

0808 301 7044

Monday to Friday 9:00am - 5.30pm
We may record and monitor calls.

Lines are currently closed

Need help?

Making decisions about how to finance your retirement is important so it’s worth making use of the guidance and advice services available.

Retirement guidance

Equity Release Council

Legal & General Home Finance Ltd is a member of the Equity Release Council, a trade body setting standards for providers.

Take a look at their consumer brochure for more details

Contact us about lifetime mortgages

To discuss our Lifetime Mortgages, a loan secured against your home, and if they're right for you. 

Call us on:

0808 115 8129

Monday to Friday 9am - 6pm, Saturday 9am - 1pm.

We may record and monitor calls.

Get independent advice

You can't take out an equity release product unless you have taken financial advice.

Find out how to access independent legal and financial advice.