Whatever your role, we reward skill, performance and attitude with a package that takes care of everything that matters to you. Our employees enjoy a wide range of benefits, including a generous retirement system, life insurance, 27 days vacation, private health insurance, performance-related premiums, a variety of stock programs, discounts at a wide range of stores and our own excellent products, your hard work will be rewarded when you come to us. Our lifetime mortgage specialists are available to answer all your questions. Call us today. Or, if you wish, give us your number and we will call you back. Protect your loved ones financially with life insurance of just £6 a month. The company is focused on expanding its fintech services. L&G`s mortgage product affordability, criteria and research tools have now reached approximately 19,000 advisors who have been targeted for user growth through active advertising over the past six months. To tell us about a life mortgage, call our team of advisors at the number below.

For more information, please contact us via our contact page If you want the opportunity to free up more equity in the future, an advisor can help you achieve this with a life mortgage. Life mortgages are available to homeowners aged 55 and over. You can take the money as a lump sum or as a lump sum. No reimbursement is required until you die or until you leave home to move into a long-term care facility. In the first half of 2022, L&G`s advances on life mortgages, including annuity interest mortgages, amounted to £338 million, or £76 million. GBP less than at the same time last year. This calculator will help you see how much equity you could free up with a life mortgage, a loan secured by your home. We will ask you to save your details to show you the calculation, and then we will call you. “While we continue to focus heavily on the traditional lifetime mortgage market, where we focus on providing a high degree of flexibility and choice, we are also increasingly focusing on the wealth sector: those who own higher-value real estate are increasingly seeing the benefits of life mortgages as they plan to distribute their estate to future generations.” the company said. In the present (9. L&G said the lifetime mortgage market was becoming more competitive and it decided to focus more on the “asset sector” and refer to those with higher quality real estate. We believe that as one of the largest and oldest financial institutions in the UK, we have a role to play in helping people achieve their goals.

We have set up Legal & General Financial Advice (LGFA) to give people better access to quality mortgage advice for life. At L&G Retail Retirement (LGRR), our mission is to help as many clients as possible achieve financial security in retirement. Retirement is a sector that has undergone major changes in recent years due to pension freedom and huge growth opportunities with the increase in real estate wealth of people aged 55 and over. Award-winning commodities include our annuity, which provides clients with a guaranteed income for life, and our life mortgage, which allows clients to supplement their income by releasing a portion of the equity trapped in their home in the form of tax-free cash. A life mortgage reduces the remaining equity in your home and the value of an inheritance. A life mortgage is usually paid off when the last borrower dies or leaves home for a long-term care facility. Life mortgages (a type of equity release) and retirement-only mortgages are sometimes grouped together as “later in life mortgages” or “later life loans.” Although they are similar and often used for similar purposes, they are different products and it is important to understand the differences between the two. There may be cheaper ways for you to borrow money. If you would like us to call you about our mortgages later, please enter your full name and phone number. You may also provide your email address if you wish to opt out of receiving emails about our products and services. Details of how we process your data can be found in our Privacy Policy.

Different mortgage lenders have different criteria, so these calculators are for illustrative purposes only. The actual amount you can borrow depends on your personal situation and may be less than the number shown. A life mortgage is a secured loan on your home. Interest will be charged on the loan plus interest already added. This means that the amount you owe can increase quickly over time. There may be cheaper ways for you to borrow money. Legal & General is the UK`s largest provider of individual life insurance products and one of the world`s top 20 asset managers. The share-raising business was founded in 1836 and has since grown into one of the leading insurance and asset management companies in Europe. More broadly, the Legal & General Mortgage Club facilitated £50 billion in mortgages, up 6% on the previous six months. You must be 55 years of age or older and live (or buy) in your own home, with a small mortgage or without a mortgage. Your home must be worth at least £70,000 or £100,000 for apartments, duplexes, old councils, former housing associations or former Ministry of Defence. A lifetime mortgage reduces an inheritance.

It is possible to apply for estate protection to guarantee a portion of the net proceeds from the sales of your home. Means-tested benefitsObtaining a life mortgage may affect your entitlement to means-tested pension benefits or credits. A retirement interest-only mortgage is a loan secured by your home. You have to pay interest monthly, but the full amount of the loan is usually not repaid until you die or move home to a long-term care facility. As a last resort, your home can be repossessed if you do not honor repayments. Since buying a new home often serves as a catalyst for buying life insurance, L&G`s protective arm has grown over the past six months. A life mortgage is designed to last a lifetime. If you decide to pay off your life mortgage in full, you may have to pay a prepayment charge, which can be substantial, so think carefully before you decide.