1.98% APR Legal & General Lifetime Mortgage No Fees

Legal & General Lifetime Mortgage

  • Remove money from your home with a Legal & General Lifetime Mortgage
  • No monthly repayments
  • Use the cash to pay off loans and credit cards
  • Still, have a few more mortgages payments to make? We can help with that
  • Continue to stay in your property for as long as you like
  • Your Requirements

  • Please enter a number from 9000 to 20000000.
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by email or telephone by an FCA authorised equity release advisor and confirm that you have read and agreed to our Terms & Conditions and our Privacy Policy

Home equity Tied Up
Money tied up in home
Hammersmith London Home
home's value

  • More 2 Life Tailored Choice Plan
  • Canada Life Landlord Voluntary Select Plan
  • Hodge Equity Release Schemes
  • Just Retirement Equity Release
  • More2Life Flexi Choice Drawdown Lite Plan
  • Lloyds Bank Lifetime Mortgage
  • Aviva Lifetime Mortgage
  • Canada Life Second Home Voluntary Select Plan
  • Liverpool Victoria LV Equity Release Schemes
  • Nationwide Interest Only Lifetime Mortgage
  • TSB Equity Release
  • NatWest Equity Release
  • Royal Bank of Scotland Equity Release
  • Saga home reversion schemes
  • Aviva Equity Release Plans
  • Hodge Lifetime Flexible Drawdown Plan
  • Just Retirement Equity Release Plans
  • Stonehaven Equity Release
  • TSB Equity Release Schemes
  • NatWest Equity Release Plans
  • Canada Life Interest Select Gold Flexi
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • More to Life Flexi Choice Drawdown Lite Plan
  • HSBC Interest Only Lifetime Mortgage
  • TSB Equity Release Schemes
  • Royal Bank of Scotland Equity Release Plans

Hodge Lifetime Drawdown Lifetime Mortgages

Just Retirement Mortgages

The lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is a Private Tenant.

Disadvantages of Legal & General Lifetime Mortgage

A lifetime mortgage with flexible drawdown cash release can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

Equity Release LTV


  • 60% monthly payment lifetime mortgage AA equity release
  • 35% LTV monthly payment Legal & General Lifetime Mortgage
  • 30% loan to value home reversion schemes Evolution Money
  • 25% loan to value lumpsum lifetime mortgages Bath Inv and Building Society
  • 45% LTV monthly payment lifetime mortgage Optimum Credit
  • 30% loan to value (LTV) interest-only lifetime mortgages TSB – Intermediaries


Providers for Equity Release similar to Legal & General Lifetime Mortgage


  • Just Retirement
  • Stepchange
  • Key Retirement
  • LV lifetime mortgage
  • Fortify Insurance Solutions

It’s usual to discover individuals searching for monthly payment lifetime mortgage, monthly payment lifetime mortgage or monthly payment equity release, however, Age Partnership like Legal & General are keen to see proof of your personal circumstances in the form of investment statements.

Lloyds Equity Release From Property

home improvements
is equity release safe
Just Retirement - Roll-Up Lifetime Mortgage

Hard to finance home variants can include homes requiring essential repairs, entirely tenanted properties, feuhold/freehold properties (including flats) in Scotland, properties where the customer is offering only part of the title as security for the loan and properties with leased solar panels.

Common pensioner loan products include TSB interest only mortgages for over 70s, Barclays over 60 lifetime mortgages, Natwest remortgages for people over 50 years old, L&G pensioner mortgages and Nationwide Building Society interest only lifetime mortgages.

Difficult to finance home variants can include properties with post 1945 asbestos or similar composition roof tiles , properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, properties constructed or converted within the past 10 years, studio flats outside the M25 and flats above or adjacent to commercial premises.

Popular LTV ratios of Lloyds lifetime mortgages for over 55s, Barclays Bank lifetime mortgages for people over 55, Halifax retirement mortgagesover 65, Legal and General later life interest only mortgages over 70, RBS equity release schemes for people over 70 and Nationwide BS mortgages for over 50 year olds are 50%, 60% and 65%.

Challenging to mortgage property titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with grounds in excess of five acres, properties with more than one annexe or self-contained part of the property, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Tough to mortgage property titles include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, properties without a kitchen or bathroom, properties where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and concrete frame.

How much cash can I borrow?

You can borrow 60% of your home’s valuation. For example, if your home is valued at £330000 you can borrow £198000.

equity release schemes
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financial advice

Equity Release Loan To Value

The more aged you are and the sicker you are the more money you can release.


Examples of retired small business owners likely to have equity to release


  • Growing of spices, aromatic, drug and pharmaceutical crops Haslingden
  • Tax consultancy Bromley
  • Construction of water projects Rayleigh
  • Translation and interpretation activities Thaxted
  • Growing of other non-perennial crops Brightlingsea
  • Plumbing, heat and air-conditioning installation Hemsworth
  • Wholesale of other food, including fish, crustaceans and molluscs Tynemouth
  • Motion picture projection activities Uttoxeter
  • Financial management Loughton
  • Removal services Brigg
  • Activities of financial services holding companies Cinderford
  • Growing of tobacco Kidsgrove
  • Trade of electricity Darley Dale
  • Lead, zinc and tin production Alnwick
  • Manufacture of military fighting vehicles Wincanton
  • Manufacture of other inorganic basic chemicals Luton
  • General medical practice activities Modbury
  • Manufacture of hollow glass Paignton
  • Manufacture of margarine and similar edible fats Lyme Regis
  • Building of ships and floating structures Horsforth
  • Manufacture of machinery for metallurgy Dereham


Towns where equity release is common


  • Dovercourt
  • St Blaise
  • Cramlington
  • Wolverton and Greenleys
  • Penrith
  • Ventnor
  • Whitworth
  • Lytham St Annes
  • Henley-on-Thames
  • Elland
  • Loughborough
  • St Austell
  • Strood
  • Swaffham
  • Southam
  • Camborne
  • Cullompton

Lloyds Equity Release Brokers Uk


Flexible Lifetime Mortgage Product Summary– Issue Date 14/08/2019
Home Equity Release plans
Product variant
Premier Flexible Black

Flexible Pink
Flexible Orange
Flexible Yellow
Flexible Green
Interest rates Fixed and Variable

Standard 3.36% MER 3.41% AER 3.45% MER 3.51% AER 3.45% MER 3.51% AER 3.62% MER 3.68% AER 3.76% MER 3.83% AER 2% Cashback N/A 3.65% MER 3.71% AER 3.65% MER 3.71% AER 3.81% MER 3.88% AER 3.96% MER 4.03% AER £599 Arrangement fee 3.32% MER 3.37% AER 3.42% MER 3.47% AER 3.42% MER 3.47% AER 3.58% MER 3.64% AER 3.73% MER 3.79% AER Flexible Turquoise 3.96% MER 4.03% AER 4.15% MER 4.23% AER 3.92% MER 3.99% AER Flexible Blue 4.46% MER 4.55% AER 4.65% MER 4.75% AER 4.42% MER 4.51% AER Flexible Navy 4.81% MER 4.92% AER 5.00% MER 5.12% AER 4.77% MER 4.88% AER Flexible Indigo 5.25% MER 5.38% AER 5.44% MER 5.58% AER 5.21% MER 5.34% AER

Call us on 03330 048444 Lines are open 8.30am to 5.30pm Monday to Friday. Call charges will vary. Calls may be monitored and recorded.

Legal & General Home Finance Limited is a wholly-owned subsidiary of Legal & General Group plc. We are 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.