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The possible risks are as follows:
Taking out a lifetime mortgage is a big decision and it’s important to get the right advice. If you have a financial adviser, please discuss it with them. Alternatively, we can put you in touch with The Retirement Lending Advisers, a separate company who only advise on Legal & General lifetime mortgages.
The Retirement Lending Advisers won’t charge you an advice fee. For our customers who were charged an advice fee by an independent financial adviser, the majority paid £995 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 between March and August 2016. 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.
If you use The Retirement Lending Advisers, a separate company who only advise on our lifetime mortgages, they won't charge you an advice fee.
Contact an adviser now
The following steps explain the process of taking out one of our lifetime mortgages, step-by-step.
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Our lifetime mortgage calculator makes it easy to see how much money you could release from your home with a Legal & General lifetime mortgage.
I am years old and I think my property is worth £
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Speak to a specialist lifetime mortgage adviser who can confirm if you qualify.
You only need to repay the loan when you die or go into long-term care. If you decide to repay the loan before this, you may need to pay an early repayment charge.
All our lifetime mortgages offer an option that you can choose at outset to protect a percentage of the value of your home for your beneficiaries. If you take the inheritance protection option it will reduce the amount you can borrow.
Legal & General Home Finance is a wholly owned subsidiary of Legal & General Group plc. Registered in England and Wales number 04896447. Registered office: One Coleman Street, London EC2R 5AA.
Legal & General Home Finance Limited is authorised and regulated by the Financial Conduct Authority.
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