Legal and General Equity Release

Legal and General Lifetime Mortgages

  • Release the money tied up in your home
  • No monthly payments
  • Low rates that are fixed or discounted
  • No broker fees
  • Use the money for anything you like!

 

  • Your Equity Release Requirements

  • About You

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Natwest Equity Release




Santander Equity Release
Barclays Bank


So what is Home Equity and how much do I have?

In simple terms this is the difference between what your house is worth, and the value of any debts that are secured on it. For example if you have a £110,000 house and a £8000 mortgage, you have around £102,000 of home equity.

This is a very special type of financial product or mortgage for homeowners in retirement or nearing retirement. This is typically people aged 55 or older. It can provide a tax free cash lump some or a monthly income. You don’t need to tell the lender what you are going to use the money for.

Examples include but are not limited to:

  • Replace an old car for a newer more reliable car or adapted vehicle
  • Improve your home with a conservatory, or make essential repairs
  • Holiday home purchase, motor-home or touring caravan
  • Holidays and other time spent away
  • Clear another mortgage or unsecured credit commitments
  • Medical treatments or living aids like stair lifts
  • Help family members with deposit for new home purchase, often a larger deposits can enable cheaper lending
  • Manage problems with Inheritance tax and other tax liabilities