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 in 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 £210000 you can release £147000.

Free No Obligation Quote
How Much Would You Like Borrow/Release?*
Please enter a number from 3000 to 2000000000.
Value of your property*
Please enter a number from 30000 to 100000000.
Approximate outstanding mortgage you have on your property (if applicable)
Leave blank if no mortgage outstanding
About You
Name*
First Last
First Line Of Your Address:*
Your Postcode:*
Date of Birth*
Your Email Address:*
Phone Number*

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 normal mortgages you would get by proving income. I have saved a lot of tax.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to 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 got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

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.

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to 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 and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.

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.

Sandra from Manchester

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

Free No Obligation Quote
How Much Money Would You To Like Raise?*
Please enter a number from 4000 to 20000000.
Estimated Value Of Your Property?*
Approximate outstanding mortgage you have on your property (if applicable)
Leave blank if no mortgage outstanding
About You
Name*
First Last
Phone*
Date of Birth*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*
By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

Challenging to mortgage property titles include properties 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 mortgage or interest-only lifetime mortgages, however, Aviva like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of pension statements.

Canada Life Landlord Voluntary Select Plan
Just Retirement Drawdown Lifetime Mortgage
Stonehaven Equity Release
Lloyds Bank Equity Release Plans
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
Nationwide Equity Release Schemes
Royal Bank of Scotland Equity Release Plans
Hodge Equity Release Plans
Stonehaven Interest Only Lifetime Mortgage
HSBC 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.

Equity Release 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

More to life Retirement Mortgages

One Family Retirement Mortgages

Pure Retirement Retirement Mortgages

Canada Life Mortgages

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. Monthly payment equity release may impact the ability to claim entitlements. You may need to pay a legal fee and you 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 you are the more cash you can release.

Some of the most popular loan to value percentage ratiosof Standard Chartered mortgages for pensioners over 60, 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 and 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, 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%.

Other telecommunications activities Tottenham
Temporary employment agency activities Huddersfield
Support activities for crop production Skelmersdale
Manufacture of magnetic and optical media Stowmarket
Wholesale of china and glassware and cleaning materials Swaffham
Construction of railways and underground railways Dartmouth
Postal activities under universal service obligation Crewkerne
Activities of investment trust Royal Wootton Bassett
Production of meat and poultry meat products Littlehampton
Operation of historical sites and buildings and similar visitor attractions Amble
Risk and damage evaluation Newport
Other human health activities Alnwick
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel Burton Latimer
Wholesale of musical instruments Rothbury
Manufacture of electrical and electronic equipment for motor vehicles and their engines Seaton
Retail sale of audio and video equipment in specialised stores Southend-on-Sea
Packaging activities Cannock
Manufacture of central heating radiators and boilers Northfleet

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.

Sorting by