Compare Legal & General Equity Release

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  • We’ve teamed up with leading equity release advisers Fluent Lifetime to help you in your search for a Legal & General lifetime mortgage
  • If you're over 55 you may be able to release some of the cash tied up in your home without having to move
  • Take a tax-free lump sum or smaller amounts, secured against your home’s value with a lifetime mortgage from Legal General
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A lifetime mortgage is secured against your home, think carefully before securing debts against it. Ask for a personalised illustration to fully understand the risks and benefits before considering.

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9 products found based on age of 70, total borrowing of and LTV of 40.00%
    • Legal & General Home Finance logo

      Legal & General Home Finance

      • MER / Annual Rate
        3.20%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £599

    Other Equity Release Providers

    • LV logo

      LV

      • MER / Annual Rate
        2.99%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £0
    • more2life logo

      more2life

      • MER / Annual Rate
        3.18%
      • MAX LTV
        40.00%
      • Max You Can Borrow
        £100,000
      • Lender Fees
        £0
    • Scottish Widows logo

      Scottish Widows

      • MER / Annual Rate
        3.32%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £0
    • JUST logo

      JUST

      • MER / Annual Rate
        3.35%
      • MAX LTV
        42.00%
      • Max You Can Borrow
        £105,000
      • Lender Fees
        £0
    • Pure Retirement logo

      Pure Retirement

      • MER / Annual Rate
        3.69%
      • MAX LTV
        47.00%
      • Max You Can Borrow
        £117,500
      • Lender Fees
        £895
    • Canada Life logo

      Canada Life

      • MER / Annual Rate
        3.73%
      • MAX LTV
        40.00%
      • Max You Can Borrow
        £100,000
      • Lender Fees
        £0
    • Aviva logo

      Aviva

      • MER / Annual Rate
        4.20%
      • MAX LTV
        46.00%
      • Max You Can Borrow
        £115,000
      • Lender Fees
        £5
    • Onefamily logo

      Onefamily

      • MER / Annual Rate
        6.29%
      • MAX LTV
        50.00%
      • Max You Can Borrow
        £125,000
      • Lender Fees
        £950

Overall Representative Example for a Lifetime Mortgage from Fluent Lifetime

Most Fluent Lifetime customers have received a fixed annual interest rate of 2.84% or lower, based on an average loan size of £50.000, the overall cost for comparison is 3.2% APRC.

The information contained on this page has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Fluent Lifetime Ltd, an appointed representative of Fluent Mortgages Ltd who are authorised and regulated by the Financial Conduct Authority firm registration number 458914.

A lifetime mortgage is a form of equity release. Think carefully about securing other debts against your home, which you could lose if you fail to meet the terms of the mortgage. Check the mortgage meets your needs if you want to move or sell your home, or you want your family to inherit it. Lifetime mortgages can affect tax and benefits. To understand the features and risks of a Lifetime Mortgage, ask for a personalised illustration..

Fluent Lifetime is a Lifetime Mortgage broker, not a lender. They are not limited in the range of lifetime mortgages they will consider for you. Fluent Lifetime does not offer home reversion plans. Fluent Lifetime Ltd. Registered in England and Wales. Company Registration No.11226852. Data Protection Reference number ZA451714. Registered Office: 102 Rivington House, Chorley New Road, Horwich, Bolton BL6 5UE. Telephone 01204 472060

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Last updated on 10 June 2021.

Who is Legal & General?

Legal & General is a financial services company providing insurance, investment and pension products. It has been offering equity release products through its Legal & General Home Finance division since 2015.

What equity release products do Legal & General offer?

Legal & General offers a range of lifetime mortgages. These lifetime mortgages are a form of equity release secured against the value of the borrower’s property. With this type of equity release you don’t have to worry about monthly repayments (although repayments are an option with some plans), the amount you borrow and the accrued interest is usually repaid when you sell the property or pass away.

How do I get a Legal & General equity release plan?

You will need to speak with an equity release adviser to assess whether equity release is the right option for your personal circumstances. You can proceed to our partner's website to provide your details and they will be in touch to assess your circumstances and suitability.

How does the Legal & General equity release plan work?

Your repayment schedule, the amount you will be able to draw and when will depend on the plan you select. You could select an option that lets you release money as a one-off lump sum and in smaller additional amounts as you need it. Or you could choose the income option that allows you to release equity as a regular monthly income over a specified fixed term. Their final lifetime plan lets you make part or full monthly repayments if you are looking to reduce the total cost of the loan.

How much can I release with Legal & General equity release?

The amount of money you will be able to borrow will depend on the value of your property, your age and the type of lifetime mortgage you take out. As the amount of equity you can release will depend on your individual circumstances see how much you could borrow by entering details in our calculator.

What can I use Legal & General equity release for?

You can use a lifetime mortgage to cover any expenses you might have. Some people use lifetime mortgages to top-up their retirement income, others use the amount they borrow to fund a home improvement project, while a popular use of equity release is to help family members financially.

Where can I find Legal & General reviews?

You will be able to find customer reviews for Legal & General on websites such as Trustpilot.

Services offered by this provider may change over time. Always check Ts&Cs