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Using equity release to borrow against your home

Our Lifetime Mortgages let you release equity in your home to do more of the things you enjoy

How much could you release
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To protect our customers and people from COVID-19, we're following guidance from the Government that means we’re having to make changes to the way we process lifetime mortgages:

1. We'll be moving to desktop valuations for all of our lifetime mortgages.

2. Because a desktop valuation may provide us with less information than a valuer visiting your property, we will use 95% of the desktop valuation when we calculate the amount we can lend to you.

3. After current social distancing restrictions are lifted we’ll arrange a physical valuation. This is for our information only and will not change the amount that you have borrowed from us.

Find out more

Tax-free cash to spend on whatever you want

Equity release is a way of releasing cash from your home while you still live in it. The most popular form of equity release is called a lifetime mortgage, which is a loan secured on your home. You can take a lump sum all at once, a series of lump sums when it suits you or a regular income. You don’t have to repay anything back until you die or move out of your home into long-term care.

Is a lifetime mortgage right for you?

Use the money however you want

Home improvements, pay off an existing mortgage or just topping up your monthly income – it’s up to you. There may be cheaper ways to borrow money

Provide an inheritance

You can protect part of the value of your home so it can still be left as an inheritance

You don't have to move home

A lifetime mortgage means you can stay in your own home, but still access the money tied up in it

Fixed interest rates

Our rates are fixed so they will never change during the life of the loan

Nothing to repay while you live in the home

You don’t have to repay any of the money or the interest until you die or move permanently out of your home into long-term care

No negative equity guarantee

Whatever happens to the value of your property, you will never owe more than the price it is sold for. Subject to terms and conditions

Lifetime mortgage 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 to show you the calculation, then give you a call.

I am years old
My home is worth around
I'm looking to release

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.

Options for releasing equity from your home

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Flexible Lifetime Mortgage

If you'd like to take a lump sum, or a series of lump sums, and pay nothing until you die or move into long term care, select this option.

FTB

Optional Payment Lifetime Mortgage

If you'd prefer to take a lump sum, or a series of lump sums, and pay off some or all of the interest, this could be right for you.

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Income Lifetime Mortgage

Or, if you'd like to have an income paid on a regular basis rather than a lump then take a closer look at our Income Lifetime Mortgage. 

Discover which product might suit you

With a lifetime mortgage, a loan secured against your home, you could release money without having to move. This is a type of equity release and will reduce an inheritance.

We have a range of lifetime mortgage products. Answer a few simple questions to see which one could offer the solution you’re looking for.

Why Legal & General?

  • New lifetime mortgage customers who choose Legal & General.

  • Amount we've lent since 2015 to over 74,000 customers.

  • Number of applications we process each week, on average.

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Get in touch to see if we can help you release equity

To have a chat about your options for releasing equity from your house, call us on the number below.

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

0808 301 70440808 301 7044

Monday to Friday 8:30am - 8:00pm
Saturday 9:00am - 1:00pm
We may record or monitor calls

Common questions...