Is Legal & General Equity Release the best in the market?

  • Legal & General Equity ReleaseRemove tax-free cash from your home
  • You don’t need to make regular monthly payments
  • Help your family get a deposit for their own home
  • Still, have some mortgage outstanding? No problems
  • Continue to live in your own property
  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.
  • Please enter a number from 50000 to 10000000.

Customer Reviews

RIO

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.

RIO

Mrs L from Nottingham

I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees for my lifetime mortgage. As I was divorcing my husband of 30 years the money went to him for his share of the house. I am happy now as I am secure, and I do not need to move from my home.

RIO

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.

RIO

Mrs E from London

I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

mrs-daly

Mrs Daly from Glasgow

My daughter lives in the states and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son to be born and a years rent in advance for a new flat for the baby.

david-p-london

David P

With my power of attorney, I got equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.

julia-a

Julia A

My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
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Money tied up in house
Homeowner in their 60s
West London Home
Southfields House

 

How much is it common to release from a home

The older you are and the more illnesses you have you are, the more cash you can release.

Drawbacks of Home Reversion Schemes

Lifetime mortgage with flexible drawdown cash release can reduce the inheritance for your family. Home reversion plans may impact the ability to claim entitlements. You may need to pay a solicitor’s fee, and you could have higher rates to pay with some schemes.

Aviva lifetime mortgage

Hodge Lifetime - Lump Sum Lifetime Mortgage

more 2 life joint lifetime mortgage

LV= Flexible Lifetime Mortgage

Successful business owners who could benefit from equity release tax planning

  • Translation and interpretation activities Alford
  • Landscape service activities Cirencester
  • Manufacture of other electronic and electric wires and cables Grays
  • Renting and leasing of passenger water transport equipment Queenborough-in-Sheppey
  • Gathering of wild growing non-wood products Colne
  • Maintenance and repair of motor vehicles Tamworth
  • Retail sale of antiques including antique books in stores Sandhurst
  • Other credit granting n e c Hayes
  • Other accommodation Hartlepool
  • Satellite telecommunications activities Prudhoe
  • Sale of new cars and light motor vehicles Leigh
  • Cultural education Fazeley
  • Repair of consumer electronics Wednesbury
  • Plant propagation Chipping Sodbury
  • Manufacture of other carpets and rugs Barton-upon-Humber
  • Retail sale of musical instruments and scores Wooler
  • Manufacture of knitted and crocheted hosiery Market Deeping
  • Production of other food products n e c Louth

HSBC Lifetime Mortgage Advisers

 

What percentage can be released?

  • 60% monthly payment lifetime mortgage Old Mutual Wealth
  • 40% loan to value (LTV) monthly payment lifetime mortgage Shawbrook
  • 30% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Kent Reliance
  • 50% LTV home reversion plans Aviva
  • 50% LTV lumpsum lifetime mortgages Together Money

HSBC Lifetime Mortgage Comparison

The lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.

It is very regular to encounter individuals looking for lump sum lifetime mortgages, lump sum lifetime mortgages or home reversion schemes, however, Just Retirement like VitalityLife Equity Release are keen to see proof of your personal situation in the form of investment statements.

Hodge Lifetime Retirement Mortgages

Legal and General Retirement Mortgages

 

Areas in the UK where retirement mortgages are routine

  • Queenborough-in-Sheppey
  • Henley-in-Arden
  • Lytham St Annes
  • Oakengates
  • Leatherhead
  • Shefford
  • Thornbury
  • Huddersfield
  • Holsworthy
  • Lydd
  • Kenilworth
  • Newton Abbot
  • Rowley Regis
  • Ventnor

 

  • TSB Equity Release Plans
  • NatWest Equity Release
  • More to Life Capital Choice Plan
  • Bridgewater Equity Release Schemes
  • Just Retirement Drawdown Lifetime Mortgage
  • More to Life Flexi Choice Drawdown Lite Plan
  • Stonehaven Equity Release Plan
  • HSBC Interest Only Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage
  • Canada Life Voluntary Select Gold
  • Hodge Lifetime Mortgage Plus
  • Nationwide Interest Only Lifetime Mortgage
  • More to Life Capital Choice Plan
  • TSB Equity Release
  • Age Partnership Interest Only Lifetime Mortgage
  • Just retirement defined benefit
  • Nationwide Equity Release
  • Lloyds Bank Equity Release Plans

 

Equity Release Scheme Providers

  • Bower
  • Stonehaven
  • Lifetime Mortgage from L&G
  • Norwich Union
  • Royal London Equity Release