Our lifetime mortgage calculator
Our calculator will help you see how much value you can release from your home with one of our Lifetime Mortgages. Like any mortgage, it’s a loan you take out against your home. We’ll:
- ask you for a few simple details
- calculate how much you can get
- follow up with a call to answer any questions.
You can only buy a lifetime mortgage through a financial adviser. Our calculator is a guide - we can’t give you advice or make personal recommendations about which one’s best for you. Your financial adviser will be able to help with that.
Lifetime mortgage calculator
This calculator helps you see how much you could release with a lifetime mortgage, a loan secured against your home. We'll ask you to register your details so we can show you the calculation, then give you a call.
How to use our calculator
- For a joint lifetime mortgage, use the age of the youngest applicant
- Once you have your quote, you can keep using the calculator to see how else you could release the money.
Just one more step...
To find out how much you could receive, and to get a call back to discuss the product details, please complete the form. You can also provide your email address if you’d like to opt in to receiving emails about our products and services.
We’ll never share your details with third parties for their own marketing purposes. Details of how we process your information can be found in our privacy policy. You can opt out of marketing at any time by emailing LGFAoptout@landg.com
Good news!
Based on the information supplied, you could release the amount below:
The maximum amount you could release is:
This is an estimate. The amount you can release depends on your property, its value and your individual circumstances. Speak to an adviser to find out how much you could release.
Based on the information supplied, you could release up to:
This is an estimate. The amount you can release depends on your property, its value and your individual circumstances. Speak to an adviser to find out how much you could release.
Good news!
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The maximum amount you could release with our Payment Term Lifetime Mortgage is:
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
This is an estimate. The amount you can release depends on your property, its value and your individual circumstances. Speak to an adviser to find out how much you could release.
Good news!
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The maximum amount you could release with our Payment Term Lifetime Mortgage is:
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
If you don't want to make monthly interest payments or you want to be able to stop making monthly interest payments at any time then the maximum amount you could release with our other Lifetime Mortgages is:
Based on the information supplied, with our Payment Term Lifetime Mortgage, you could release the amount below.
The amount you can borrow with our Payment Term Lifetime Mortgage is based on your commitment to pay all of the monthly interest until you retire. As a last resort, your home may be repossessed if you fail to keep up repayments.
If you don't want to make monthly interest payments or you want to be able to stop making monthly interest payments at any time then the maximum amount you could release with our other Lifetime Mortgages is:
This is an estimate. The amount you can release depends on your property, its value and your individual circumstances. Speak to an adviser to find out how much you could release.
Congratulations. You've joined one of the 396 people who contact us each week to enquire about our Lifetime Mortgages.
One of our Customer Service Agents will contact you with indicative interest rates based on your information. If you shared your phone number you can also expect to receive a call from us in the next day or two. Or an email will be with you shortly.
If you’d like to speak to us sooner you can call us directly, for a free, no-obligation chat on:
Monday to Sunday 8:30am - 8:00pm. We may record and monitor calls.
A lifetime mortgage is a loan secured on your home. Interest is charged on the loan plus any interest already added. This means the amount you owe can increase quickly over time. There may be cheaper ways for you to borrow money.
Step 1 / 2
How would you like to receive your money?
There's more than one way to release your money with one of our Lifetime Mortgages.
A lifetime mortgage will reduce the equity left in your home and the value of any inheritance. A lifetime mortgage is usually repaid when the last borrower dies or moves out of the home and into long term care.
Subject to property value and eligibility.
Step 1 / 2
Your options for taking a lump sum
Depending on how you need the money, you can receive it as a one off cash lump sum or as a series of smaller cash sums as and when you need it. The option to take lump sums in the future is not guaranteed and will depend on whether you're still eligible to borrow more money.
There's an option to pay the interest off as you go. Ask our Customer Service Agents for more information.
You may be able to borrow between and
Total you've chosen below:
Total remaining:
Step 2 / 3
Your options for a regular income
If you're interested in a regular income, you can select this to be paid for a set number of years.
Once the fixed income term ends the monthly income will stop but interest will continue to roll up until the lifetime mortgage is repaid.
Over how many years would you like your income to be paid?
Though you've chosen a regular income, you have to take an initial lump sum of at least £2,500. You can take more than this. It's your choice.
You've chosen a and an initial lump sum of . That means you could receive a monthly income of up to for .
Step 2 / 2
You're interested in a lump sum of
This is an estimate of the amount you may be able to release. The amount you can release depends on your property and your individual circumstances. Taking a lifetime mortgage could affect your eligibility for state benefits.
You're interested in a series of lump sums
This is an estimate of the amount you may be able to release. The amount you can release depends on your property and your individual circumstances. Taking a lifetime mortgage could affect your eligibility for state benefits.
You're interested in a regular income
This is an estimate of the amount you may be able to release. The amount you can release depends on your property and your individual circumstances. Taking a lifetime mortgage could affect your eligibility for state benefits.
Next steps
We'll be in touch shortly if we haven't already called. In the meantime, consider these products.
Compare our Lifetime Mortgages
Interest Roll Up Lifetime Mortgage | Optional Payment Lifetime Mortgage | Payment Term Lifetime Mortgage | |
Age | 55+ | 50+ | |
Minimum property value considered | £70,000 or £100,000 for flats, maisonettes, ex-council, ex-housing association or ex-Ministry of Defence properties. | ||
How is the loan paid out? | Lump sum or series of lump sums | Lump sum or series of lump sums | Lump sum |
Minimum initial lump sum | £10,000 | ||
Minimum additional drawdown amounts for each release | £1,000 | £1,000 | Drawdown not available |
Maximum loan amount | Determined by your age and property value. | Determined by your age, affordability and property value | |
Is the loan secured against my home? | Yes. | ||
When do I have to repay the full amount of the loan? | The loan is usually repaid when you die or move out of the home and go into long-term care. | ||
How is interest charged on the loan? | Interest is charged on the loan amount plus any interest already added, so the amount owed will increase quickly over time unless you pay off some or all of the interest. You may have cheaper ways to borrow money. | ||
Do I have to pay interest every month? | No - but you can choose to make partial repayments if you want to manage the amount owed on the loan and interest. | No - but you can pay some or all of the monthly interest to reduce the overall cost of the loan, and you can stop making payments at any time. If you choose to stop payments, you can't restart them. | Yes, you must pay the full interest amount each month for a chosen payment term. This will reduce the overall cost of the loan and may mean that you are able to borrow more than with other lifetime mortgages. |
Will I still own my home? | Yes, the property stays in your name and the loan is secured against your home. | Yes, the property stays in your name and the loan is secured against your home. However, as a last resort, your home may be repossessed if you do not keep up with payments. | |
Can I end up owing more than the home is worth? | No. With our No Negative Equity Guarantee, as long as you follow the terms and conditions of the loan, you'll never owe more than the home is worth. | The No Negative Equity Guarantee will not apply to any missed monthly interest payments and the interest on them. If the sale of your property doesn’t cover these, we’ll ask your beneficiaries to settle the balance. | |
Is the interest rate fixed? | Yes. The interest rate is fixed for the life of the loan. |
Call us about lifetime mortgages
To speak to us about your lifetime mortgage options, call the number below.
For any other enquiries please get in touch via our contact us page.
Monday to Friday 9:00am - 6:00pm
Saturday 9:00am - 1:00pm
We may record and monitor calls.
Lines now open
Need help?
Making decisions about how to finance your retirement is important so it’s worth making use of the guidance and advice services available.
Retirement guidance
Equity Release Council
Legal & General Home Finance Ltd is a member of the Equity Release Council, a trade body setting standards for providers.
Take a look at their consumer brochure for more details
Contact us about lifetime mortgages
To discuss our Lifetime Mortgages, a loan secured against your home, and if they're right for you.
Call us on:
0808 115 8129
Monday to Friday 9am - 6pm, Saturday 9am - 1pm.
We may record and monitor calls.
Get independent advice
You can't take out an equity release product unless you have taken financial advice.
Find out how to access independent legal and financial advice.