Why choose Legal & General?

Since our entry into the lifetime mortgage market in 2015, we've been a primary agent of growth and change.

Our growth has been the result of a number of factors – From delivering excellent customer service and innovating within the sector, to aiming to provide excellent value for customers through competitive interest rates - we’ve made lifetime mortgages accessible to more customers who need them.

 

The market at a glance

Over £16 million
approximate property wealth released everyday in 2021
Over £4.4 trillion
approximately held in housing wealth by over 55s

 

 

At Legal & General

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Since 2015, we've helped over 112,000 customers get a lifetime mortgage
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We've lent over £6.3 billion, with over £848 million in 2021
350 applications
were processed a week on average in 2021

What our customers say about us

An all round excellent service. I can't fault the service in any way at all. Would definitely recommend! Thank You!
Customer, Jeffery
We were amazed how efficient and quickly our mortgage came through. this was a big decision for us and the fact your service was so good, really took the pressure off us. Thank you.
Customer, Hawtin
The process was very straight forward and easy to understand. Completion from application took approx. 3 weeks so very pleased with the whole process and service provided. Thank you
Customer, Shenton
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Over 75% of cases go straight to valuation
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80 Net Promoter Score from our customers feedback in 2021
Vulnerable people
Our staff are trained to recognise the signs of these types of customers

Key features of our products

  • Easy digital application - Apply entirely online and get a valuation quickly.
  • No Negative Equity Guarantee - Never pay back more than the property is sold for, as long at it’s sold at the best price reasonably obtainable.
  • Compassionate Repayment Feature - Joint policy holders pay no Early Repayment Charge if the loan is repaid by the remaining borrower within three years of the death or entry into care of the other borrower.
  • Optional Inheritance Protection - Ensure there’ll be equity left for beneficiaries. Subject to terms and conditions.
  • Optional Partial Repayment - Repay up to 10% of the loan each year without any Early Repayment Charges. Subject to terms and conditions.
  • Drawdown facility - Release some cash at the outset and borrow more later from the remaining amount (min £1,000). Subject to product variant and terms and conditions.

Our Lifetime Mortgages

  • Flexible - Allows your client to release some of the money that’s tied up in their home without having to move or make any monthly payments.

Our Flexible Lifetime Mortgage 

  • Optional Payment - Allows your client to release equity from their home and pay some or all of the monthly interest which will reduce the amount of interest that rolls up.

Our Optional Payment Lifetime Mortgage

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Awards

We're proud of our award-winning products and services.

All of our awards
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Lifetime Mortgage calculator

Our handy online tool can help your clients visualise the value of our Lifetime Mortgages.

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Events

Register for our CPD-accredited online events and equity release study portal for support in understanding the changing face of retirement.

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