It’s a loan that’s secured against your home. It lets you release some of the money tied up in your home, without having to move, as tax-free cash. Designed exclusively for homeowners over the age of 55, with a property valued at over £100,000 (£150,000 for ex-council).
A lifetime mortgage creates a debt secured against your home and is repaid in full, along with the interest, from the sale of the property when the last survivor dies or moves into long-term care.
*The majority of our new Lifetime Mortgage customers in 2017 each released, in total, £52,000 or more.
"I certainly lived the life, but now I’ve got more living to do." - Pete. It worked for Pete, so why not use our calculator to see how much you can borrow.
Pete: So, it turns out I'm still here....
On screen text: Visit legalandgeneral.com/lifetime or call free on 0808 301 4343.
Pete: Something of a surprise to my band mates. I certainly lived the life, but now I’ve got more living to do.
On screen text: A lifetime mortgage is a form of equity release.
Pete: So when an old pal told me my 'ouse could help me and my other half enjoy our retirement...
On screen text: It's a loan secured against your home, with no need to make monthly payments.
Pete: We spoke to a financial adviser who told us that a lifetime mortgage a type of equity release could help.
On screen text: Loan and compound interest repaid when last borrower dies moves into long-term care.
Pete: It turns out it could give us tax free cash to spend on the things that we love...
...whether that's improving our home, helping our family or take the band on tour!
On screen text: You should consider other options to borrow money which may be more cost effective.
Pete: Who'd have thought eh!(laughs)
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.
To find out how much you could release, go online and try our easy to use calculator or call us to request your free guide.
You could be sitting on savings you never knew you had.
On screen text: Visit legalandgeneral.com/lifetime or call free on 0808 301 4343. Calls may be monitored and recorded.
Monday to Friday, 9am to 5.30pm. Calls may be monitored and recorded.
The Retirement Lending Advisers is not part of Legal & General, they are a separate company who only advise on our Lifetime Mortgages, and they won't charge you an advice fee.
It's a big decision and there are many factors to consider. If you're interested, the next step is to get advice from a specialist lifetime mortgage adviser, who will check that you're eligible and advise you on your options. You can talk to your own adviser or you can use The Retirement Lending Advisers.
You should consider other savings and investments before taking a lifetime mortgage and look into other options to borrow money that may be more cost effective.
We charge interest on the loan plus any interest that is already added. This means the amount you owe will go up quickly over time, reducing the equity left in your home. A lifetime mortgage will reduce an inheritance and may affect entitlements to State Benefits.
The lifetime mortgage is usually repaid from the sale of your home when the last surviving borrower dies or goes into long-term care. If you decide to repay the loan before this, you may need to pay an early repayment charge.
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 £
Request a printed copy, or download our free guide to lifetime mortgages.
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As at January 2018, we have lent over £1.8 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.
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.
For our customers who were charged an advice fee by an independent financial adviser, the majority paid £1,034 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 January and June 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.
We are 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 create our Lifetime Mortgages with the aim to help you meet your needs as they change during your retirement.
The Retirement Lending Advisers will let you know if one of our Lifetime Mortgages is right for you, and will always tell you if it's not.
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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