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 you die or move into long-term care.
"So let's enjoy ourselves, instead of planning for something we can just do it." - Robin. It worked for Robin and Yvonne, so why not use our calculator to see how much you can borrow.
Voice over: You’ve worked hard for your home…and now it can carry on working for you.
Voice over: A Legal & General Lifetime Mortgage is a form of equity release which could give you.
On screen text: A lifetime mortgage is a loan secured against your home.
Voice over: tax-free cash to enjoy your retirement in the home you love…
Voice over: It’s a loan secured against your home, but with no need to make monthly payments.
Yvonne: We’ve lived in this house for thirty years. To downsize from this house into something smaller would be so hard.
On screen text: The loan is repaid, along with compound interest, when you die or move into long-term care.
Yvonne: And the decision was to stay where we are.
Yvonne: We’ve had a brand new kitchen…a glorious car.
Robin: and nice holidays.
Voice over: Or you could release equity to help your family now rather than later.
On screen text: A lifetime mortgage will reduce an inheritance.
Jim: We really wanted the granddaughter to have the chance that we had, put their foot on the ladder as they say.
On screen text: You should consider other options to borrow money which may be more cost effective.
Voice over: Releasing equity from your home is a big decision so it’s important to get the right advice.
On screen text: Are you over 55 and a homeowner?
Robin: So let’s enjoy ourselves, instead of planning for something we can just do it.
Voice over: To find out about a lifetime mortgage speak to your financial adviser or call us now on 0808 231 2000 Calls may be monitored or 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 that advise only on our Lifetime Mortgages. If you use them 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 total loan plus any interest already charged. This means the amount you owe grows quickly and reduces the equity left in the property and the value of any inheritance and may affect your entitlement to state benefits
If you make a joint lifetime mortgage application, then the property sale happens when the last named person, living in the property dies or moves into long-term care.
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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As at February 2017, we have lent over £900 million 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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