Legal & General


Later Life Academy Ambassador – Legal & General

When Legal & General entered the equity release market, Bernie Hickman, Managing Director of Legal & General’s Individual Retirement business said: ‘We believe lifetime mortgages will become an increasingly popular way for many people to supplement their retirement income. We see it as vital to be able to offer our retirement advisers access to products designed to suit this growing market.

Why Legal & General Home Finance?

  • They offer flexible and lump sum lifetime mortgage products for clients aged 60 and above (refer clients over 90)
  • Minimum loan £10,000, maximum £750k.
  • Property value: min £100,000 (£150,000 for ex council) up to £2m (£4m in London). Refer cases for properties over £4m value
  • High LTVs: from 30.5% at age 60 to 55.5% at age 84 and over (LUMP SUM PLUS)
  • Market leading interest rates: from as low as 4.88% MER / 4.99% AER (PREMIER FLEXIBLE)
  • 2% Cashback option available on all products (except for Premier Flexible)
  • Optional Partial Repayment of up to 10% per annum of the loan without triggering an early repayment charge
  • Free Inheritance Protection option available on all products
  • Free valuations, except on Premier Flexible (refundable on completion)
  • Arrangement fee can be added in excess of the maximum LTV
  • Provide a KFI portal offering 24/7 access with store and search option
  • Legal & General Home Finance is a member of the Equity Release Council


Flexible Lifetime Mortgages 

  • Flexible and Flexible Plus options available
  • LTVs from 16% to 47% with no differential on LTVs for single of joint borrowers
  • Minimum initial loan £10,000 with the remaining amount available through the drawdown facility
  • Drawdown minimum £2,000 with no charge
  • Further drawdowns available at market interest rate at time of drawdown


Premier Flexible Lifetime Mortgages 

  • Lowest interest rate product in the market at 4.15% MER/ 4.23% AER
  • Minimum loan £200,000 – loans over £2m to be referred
  • Valuation fee refunded at completion
  • No minimum property value, properties over £4m need to be referred


Lump Sum and Lump Sum Plus Lifetime Mortgages 

  • Lump sum and Lump Sum Plus options offering one of the highest LTVs in the market; from 25.5% to 55%
  • Free valuation
  • A commission rebating facility allowing advisers to customise the product to meet client needs

Refer cases for loans above £750k, properties above £4m or cases outside of criteria to 



Company details:

Warwick House
737 Warwick Road
West Midlands
B9 3DG

Contact details:
Tel: 03330 048444
Main email:
Website address:  

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