5.25% Fixed for life L&G Equity Release over 60 free valuation in 2026

• Remove money from your home with L&G Equity Release
• No need to make regular monthly payments
• Use the cash for anything you like
• Stay living on your own property for as long as you like

How much can I borrow?

You can release 70% of your home’s valuation. For example, if your house is worth £210,000, you can release £147000.

Recently completed mortgage, equity release and lifetime mortgage cases

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low interest rate, close to 2%, and competitive with regular mortgages you would get by providing income. I have saved a lot of tax.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had reached the end of its term, and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home, and the rate was close to what I paid before.

Mr G from Kent

I took out an interest-only lifetime mortgage and gave my sons £100,000 each to put down as a deposit on a home. My money gave them an excellent mortgage deal, especially for one of their poorly paid sons.

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’s birth and a year’s rent in advance for a new flat for the baby.

Mrs V from Hastings

I had spent my life running up credit card debt and loans, then getting interest-only mortgages to pay it off. I reached retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release, and now I am more comfortable with no monthly repayments. I spent £20,000 on a new bathroom and kitchen. I now know I can stay at home.

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid, and his bank would not lend him the money to buy a flat. My equity release enabled him to put down a substantial deposit, so his mortgage was minimal. My equity release interest rate was close to the interest rate his bank offered.

Sandra from Manchester

I got an equity release to give my daughter money to buy a house. Without the money I borrowed, her buying a home would have been impossible.

Challenging to mortgage property titles include properties that will be assessed for flood risk, properties without a kitchen or bathroom, some properties with sitting tenants or regulated tenancies, timber buildings and concrete frame.

It’s very regular to find people searching for home reversion plans, monthly payment lifetime mortgages, or interest-only lifetime mortgages. However, Aviva, like VitalityLife Equity Release, is keen to see paperwork that shows your personal situation, such as pension statements.

• Canada Life Landlord Voluntary Select Plan
• Just Retirement Drawdown Lifetime Mortgage
• Stonehaven Equity Release
• Lloyds Bank Equity Release Plans
• L&G mortgages
• Royal Bank of Scotland Equity Release Plans
• More to life Tailored Choice Plan
• Hodge Lifetime Flexible Drawdown Plan
• Stonehaven Interest Select Plan
• Aviva Equity Release Schemes
• L&G lifetime mortgages
• Nationwide Equity Release Schemes
• Royal Bank of Scotland Equity Release Plans
• Hodge Equity Release Plans
• L & G equity release plans
• Stonehaven Interest Only Lifetime Mortgage
• Equity Release Plans

Tough-to-finance 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, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured 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.

Towns where L&G Equity Release is routine

• Ponteland
• Stalbridge
• Crowland
• Colburn
• Great Torrington
• Chorley
• Amesbury
• Tidworth
• Bourne
• Wednesbury
• Ashington
• Heanor and Loscoe
• Sandiacre

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.

Legal and General Equity Release reviews percentages of your current property value

• 60% lumpsum lifetime mortgages Old Mutual Wealth
• 55% loan-to-value interest-only lifetime mortgages Key Retirement
• 45% loan-to-value (LTV) home reversion plans, Stonehaven
• 45% loan-to-value lifetime mortgage with flexible drawdown cash release Vida
• 35% loan-to-value lump sum lifetime mortgages Foundation Home Loans

Difficult-to-finance home variants can include difficult roof structures, properties with single-skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, studio flats located within the M25, privately developed flats in blocks of five storeys or more and freehold flats (England, Wales, Northern Ireland).

Lenders for UK Equity Release

• Sunlife Plans
• Prudential
• More to life
• Aegon
• Legal & General equity release

More to Life Retirement Mortgages

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Difficult-to-mortgage home types can include homes requiring essential repairs, age-restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, commonhold properties and properties owned under any form of shared equity scheme.

Disadvantages of L&G Equity Release Schemes

Monthly payment equity release can reduce the value of your estate and may impact your ability to claim entitlements. You may need to pay a legal fee and could be exposed to changes in interest rates with some products.

L&G Equity Release Loan To Value

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

Some of the most popular loan-to-value percentage ratios of Standard Chartered mortgages for pensioners over 60, L&G Equity Release, Direct Line RIO mortgages over 75, Leeds Building Society mortgages for 60-plus pensioners, Skipton Building Society later life mortgages for over 70s, Newcastle Building Society mortgages over 70s. Progressive Building Society mortgages for people 60 plus are 50%, 60% and 65%.

Equity Release Calculator Under 55

Popular loan-to-value ratios of LV= retirement mortgages over 60, L&G Equity Release, More to life retirement mortgages over 60, One Family interest only mortgages for people over 60, Yorkshire Bank mortgages for over 50-year-olds, Principality Building Society lifetime mortgages for over 55s and Sun Life mortgages over 65 are 50%, 60% and 65%.

Popular loan-to-value ratios of TSB pensioner mortgages over 60, Barclays Bank interest-only mortgages for people over 70, Halifax over 60 lifetime mortgages no fees, L&G interest-only mortgages for people over 60, RBS retirement interest-only mortgages over 60 and Nationwide BS RIO mortgages over 75 are 45%, 60% and 65%.

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Some of the most common retirement loan offerings are TSB RIO mortgages, Barclays Bank interest-only mortgages for over 60s, Halifax interest-only mortgages for over 60s near London, Legal & General lifetime mortgages and Nationwide Building Society equity release schemes.