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