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Lifetime mortgages

Take a look at our range of products and see which one might suit you

Call us free on 0800 918 34000800 918 3400. Monday to Friday, 9.00am to 5.30pm

Money Facts 5 star Equity Release 2018

Awarded five stars for our Lifetime Mortgages

Moneyfacts Equity Release 2019

Our Lifetime Mortgages

Consider using a Legal & General Lifetime Mortgage if you need extra money in retirement and use our lifetime mortgage calculator below to get started

Flexible Lifetime Mortgage

Whether you’re looking to treat the family to the trip of a lifetime or finally get the kitchen you’ve dreamed of, our Flexible Lifetime Mortgage could be just what you need.

  • Get a tax-free cash sum from your home
  • No need to make monthly payments
  • Option to apply for more money in the future

Optional Payment Lifetime Mortgage

If you’re coming to the end of your interest-only mortgage and need money to pay it off, releasing cash from your home could help.

  • Get a tax-free cash sum from your home
  • Make monthly interest payments
  • Stop making payments at any time

Income Lifetime Mortgage

If you’re looking to release some of the money tied up in your home to supplement your monthly income, then our Income Lifetime Mortgage could be right for you.

  • Get a monthly income for a fixed term paid into your bank account 
  • Get an initial cash sum of £2,500 minimum
  • Benefit from the certainty of fixed interest rates

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.

Key information

A lifetime mortgage is a way to borrow against your home. It’s a type of equity release product.

The interest rate is fixed for the duration of the lifetime mortgage. And depending on which product you take out, you can choose to pay none, some or all of the interest. Interest is charged on the loan plus any interest already added. This means the amount you owe will increase quickly over time.

Equity release is usually repaid from the sale of your home after the last borrower dies, or moves out of your home and into long-term care.

If you use equity release to give some or all of the money away, the recipient may have to pay inheritance tax in the future. A lifetime mortgage will reduce an inheritance and may affect your entitlement to means-tested benefits. Arrangement fees may apply.

My lifetime mortgage calculator

Our free, easy-to-use calculator will show you how much equity you could release from your home with a Legal & General Lifetime Mortgage. You can also request a personalised video example, which we can email to you.

I am years old and I think my property is worth

Customer stories

Real life customers Nigel and Jenny

Real life stories

Find out how some of our customers have used their lifetime mortgages.

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