From new kitchens to taking the band back on tour, if you’re aged 55 or over, your home could help you live life your way with a Legal & General Lifetime Mortgage: 

• Release from £10,000 to £100,000 or more*, tax-free 

• No need to make monthly payments 

• An interest rate that’s fixed for life 

• No affordability assessments

A type of equity release, it’s a loan secured against your home. You may have cheaper ways to borrow money.

What do you need to know?

The loan is only repaid when the last surviving borrower dies or moves out of your home and into long-term care. Interest is added to the amount you owe each month. This means we charge interest on the loan plus any interest already added. The amount you owe will increase quickly over time, reducing the equity left in your home and any inheritance. It could also affect any entitlement to state benefits.

* 83% of our new customers released an initial lump sum of between £10,000 and £100,000 in first half of 2018. Amount released subject to individual circumstances.

Our Lifetime Mortgage TV ad video

Transcript: Our Lifetime Mortgage TV ad

Shirley: A few months ago a friend told us  that with a Legal & General Lifetime Mortgage, our home could release some tax free cash, to help us enjoy our retirement!

On screen text: A lifetime mortgage is a form of equity release. It’s a loan secured against your home..

Shirley: So after we’d updated our kitchen we took the band back on tour!

Flash: Release from £10,000 to £100,000* or more

On screen text: *83% of new customers released an initial lump sum of between £10,000 and £100,000 in first half of 2018. Amount released subject to circumstances.

Loan and compound interest repaid when last borrower dies or moves into long-term care.

Voice over: If you’re over 55 and a home owner, you could release some of the cash tied up in your home using a Legal & General Lifetime Mortgage. 

On screen text: You may have cheaper ways to borrow money.

Voice over: To find out more, go online and try our easy to use calculator.

Or call us on 0808 231 2200 to request your free guide

On screen text: Calls may be monitored and recorded.

Watch our videos to find out more.

Could I qualify?

You could qualify for our Lifetime Mortgages, if you can answer yes to all of the following questions.

  •  Are you aged 55 or over?
  •  Are you living in (or buying) your own home with a small or no mortgage?
  •  Do you want to borrow a minimum of £10,000?
  •  Is your property made of standard construction, in a good state of repair, free of any tenancy restrictions and  in England, Wales or mainland Scotland?
  •  Is your home valued at £100,000 or over (£150,000 or over for ex-council, ex-housing association or ex-Ministry of Defence properties)?

Legal & General - a company you can trust

Strength

As at May 2018, we have lent over £2.29 billion in lifetime mortgages to thousands of people.We're part of the Legal & General Group, established in 1836, which is one of the UK's leading financial services companies. 

Trust

We're a company you can trust and we're committed to helping you plan and build a secure financial future. We take your security and happiness very seriously; we only offer our Lifetime Mortgages through specialist advisers.That's why we're a natural choice, particularly if you want to release money from your home with a lifetime mortgage to improve your retirement.

Great value

For those of our customers who used an independent adviser and were charged an advice fee, the majority paid £1,134 or more. This fee could have been saved if they had used The Retirement Lending Advisers to advise them on their Legal & General Lifetime Mortgage.Savings are based on advice fees paid by Legal & General customers in 2017. Independent financial advisers can give advice on all lifetime mortgages available in the market. Advice fees vary and any actual savings will depend on your individual circumstances.

Responsibility

We're members of the Equity Release Council and our products meet their standards. So you can have complete confidence in our Lifetime Mortgages. We're always looking for new ways to help people lead a better retirement. We've created our Lifetime Mortgages with the aim of helping you meet your needs as they change during your retirement.