Many people know how they’d like to improve their retirement but may not have the money to do so. If you’ve got equity in your home you may be able to use it to change your retirement for the better with one of our Lifetime Mortgages.

As you’re a Legal & General shareholder you, your friends and your family members have access to the Legal & General Lifetime Mortgage referral offer as set out in these terms and conditions (the “Reward Scheme”). This means that if you were to complete a Lifetime Mortgage you could receive a £250 Love2shop gift card and, if you were to refer a friend or family member, you both could receive a £250 Love2shop gift card.

These terms and conditions (and the additional terms and conditions) apply to you (as a shareholder) and your friends and family who are seeking to utilise the Reward Scheme.

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

A lifetime mortgage will reduce 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 Lifetime Mortgage product 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

How does a lifetime mortgage work?

A Lifetime Mortgage, also known as equity release, is a loan secured against your home. It's a product that allows homeowners, aged 55 and over, to take some of the value of their home as cash.
The amount you can release is based on your age and the value of your home.
Depending on the type of product, you can usually choose whether to receive the money as a lump sum, a series of lump sums or as a regular income.
The cash released is tax-free and you can use it for whatever you like, whether that's for home improvements, travel or to pay off an existing mortgage.
Whichever form of equity release you choose, you continue to live in your home until the last surviving borrower dies or moves out of the home and into long term care.
Before choosing a Lifetime Mortgage, you must speak to a financial adviser for equity release advice. The product can only be taken out through a qualified equity release adviser.
The applicant can get further information about lifetime mortgages on our customer website.

Our Lifetime Mortgages

Find out more about the Lifetime Mortgages we offer and how they could help you.



Discover more about the offers

Shareholder offer

As a shareholder, if you successfully complete a Lifetime Mortgage, you could receive £250 Love2shop gift card.

This offer is available to shareholders who have completed a Legal & General Lifetime Mortgage and who have received financial advice from Legal & General Financial Advice Limited.

If you’re interested in one of our Lifetime Mortgages, call our free UK line on 0808 149 4379

We will ask you for your 11-digit investor code when you call, you can find this information on your share portal account.

Lines are open Monday to Friday 8.30am to 8.00pm and Saturday 9.00am to 1.00pm

We may record and monitor calls.

This offer cannot be used in conjunction with any other offer.

Additional terms and conditions apply.

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Speak to one of our specialist advisers

Call us for a no-obligation chat about lifetime mortgages.

0808 149 4379

Monday to Sunday 8:30am - 8:00pm

We may record and monitor calls

Lines now open