4.11% APRC L&G Equity Release – Free Valuation 2024

L&G Equity Release
  • Release equity from your property with L&G Equity Release
  • No monthly payments
  • UK homeowners under 55 and over 55 can apply
  • Help your family with the equity you release
  • Continue to stay in your property
  • No lenders fees
  • No product fees
  • Free property valuation
  • 4.11% Fixed for life

How much cash can I get?

You can borrow 60% of your home’s value. For example, if your home is valued at £350,000 you can borrow £210,000.

  • Your Requirements

  • Please enter a number from 5000 to 2000000000.
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor and confirm that you have read and agreed to our Terms & Conditions and our Privacy Policy.
RIO retirement interest only mortgages for people on a pension
5 Year Chart of 10 Year Interest Rates
5 Year Chart

l&g lifetime mortgages

Raise money with your home

l&g lifetime mortgage

retirement interest only mortgage lenders

l&g equity release

L&G Equity Release

legal and general equity release rates

retirement interest only mortgage lenders

legal & general equity release

It is often found to discover people looking for lump sum lifetime mortgages, lump sum lifetime mortgages or lump sum lifetime mortgages. However, Bower like LV Liverpool Victoria is keen to see paperwork to show your circumstances in the form of pension statements.

Providers for UK Equity Release and the legal and general equity release calculator

  • Age Concern
  • One Family
  • Age Concern
  • Pure Retirement

LG equity release

Under 55 Home owner

Advantages of Home Reversion Plans and Legal General Equity Release

Can help tax planning and interest rates are attractive. Help a family member buy their own home with a smaller mortgage or pay down your debts so you can spend more of your monthly income.

Equity Release percentages of your current property value – flexible lifetime mortgage

  • 60% monthly payment equity release Old Mutual Wealth
  • 25% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Central Trust
retirement interest-only mortgages fca

The lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

Equity Release Scheme Lenders – legal and general equity release

It’s common to find individuals searching for lump sum lifetime mortgages, lump sum lifetime mortgages or monthly payment equity release, however, Sunlife Plans like Royal London Equity Release is eager to see proof of your situation in the form of investment statements.

  • Nationwide Interest Only Lifetime Mortgage
  • HSBC Equity Release Plans
  • Barclays Interest Only Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • Liverpool Victoria LV= Lump-Sum Plus Lifetime Mortgage
  • More to Life Capital Choice Plus Plan
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Bridgewater Equity Release
  • Canada Life Voluntary Select Gold Flexi
  • Hodge Lifetime Mortgage Plus
  • Pure Retirement Equity Release Plans
  • Lloyds Bank Equity Release Schemes
  • Saga Equity Release Plans
  • Canada Life Voluntary Select Gold
  • Hodge Lifetime Mortgage Plus
  • L&G Legal & General Flexible Max Plus
  • More2Life Flexi Choice Drawdown Lite Plan
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Barclays Equity Release Plans
  • NatWest Equity Release
  • More to Life Flexi Choice Voluntary Payment Super Lite
hitachi interest only retirement mortgage



Downsides of legal and general Interest Only Lifetime Mortgages

A lifetime mortgage with a flexible drawdown cash release can reduce the value of your estate. Home reversion plans may impact the ability to get state benefits. You may need to pay a broker’s fee, and you could be exposed to changes in interest rates with some products.

l&g Equity Release Loan To Value

The more aged you are and the unhealthier you are, the more tax-free cash you can release.  Equity Release Under 55 can be a great option for people who can’t qualify for a mortgage.


Legal and General Lifetime mortgages over 60 for 2024

Legal & General, a prominent player in the UK financial services industry, has a substantial presence in the equity release market. Their offerings in this area, particularly focusing on lifetime mortgages, are an essential aspect of their services to the older demographic, especially those in retirement or approaching retirement age.

Lifetime mortgages, a type of equity release plan offered by Legal & General, allow homeowners aged 55 and over to release a portion of the value of their home as either a lump sum or in smaller amounts. One of the key attractions of lifetime mortgages is that borrowers can remain living in their homes while accessing this capital. Legal & General structures these plans with various options to suit different needs and circumstances.

Interest-only lifetime mortgages, another variant, enable borrowers to pay monthly interest on the loan, which can help in maintaining the equity level in the property. This option is particularly appealing to those who have a reliable retirement income and wish to mitigate the erosion of their estate value over time. Legal & General’s offerings in this area are designed to provide flexibility while ensuring the loan never exceeds the value of the home.

Pensioner mortgages and retirement mortgages are broader terms often used to describe mortgage products aimed at retirees, including the types offered by Legal & General. These products are tailored to meet the financial realities of those in retirement, who may have reduced income but significant equity in their property.

Retirement Interest-only (RIO) mortgages, a relatively recent addition to the retirement financial landscape, offer a middle ground between standard mortgages and equity releases. Under these, borrowers pay monthly interest, with the loan amount being repaid when the house is sold, usually when the borrower dies or moves into long-term care. Legal & General’s RIO mortgages have gained attention for providing an alternative route for retirees to manage their finances, especially those who might find regular equity release plans less suitable.

Legal & General’s approach to equity release, including their lifetime and RIO mortgages, reflects an understanding of the diverse needs of the retirement-age population. They offer solutions that not only provide financial flexibility but also consider the long-term implications for retirees and their families. Their equity release products, while offering immediate financial benefits, also come with considerations such as compound interest and potential impacts on inheritance.

Customers considering Legal & General’s products should thoroughly evaluate their circumstances, perhaps with the assistance of a financial advisor. While equity release can offer significant benefits, such as improving the quality of life in retirement and providing financial security, it is also a decision with long-lasting implications. Legal & General, like other providers in this space, emphasises the importance of understanding these products in depth, including how they align with the borrower’s long-term financial goals and estate planning.