2.51% MER Legal and General interest only mortgages for over 70s

Legal and General Equity Release

Legal and General Lifetime Mortgages

  • Release the money tied up in your home 2.51% MER with Legal and General Equity Release.
  • No monthly payments unless you want RIO – Retirement Interest Only
  • Low rates that are fixed or discounted
  • Use the money for anything you like!

Equity release loan to value?

You can achieve 65% of your home’s value. As an example, if your home is worth £220,000 you can borrow £143,000.

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Natwest Equity Release

Difficult-to-finance home variants can include difficult roof structures, properties with spray foam insulation applied to the underside of the roof, steel frame/clad properties built before 1990, coach houses, i.e. freehold properties with garages beneath and properties where the flat is accessed via a deck or balcony.

Difficult-to-finance property variants can include properties where proposed building works have not yet commenced, properties where multiple third parties are living in an annexe, right–to–buy properties in England, Wales, and Northern Ireland, properties made up of multiple titles, and properties with single-skin brickwork.



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Popular loan to value percentages of Virgin Money equity release schemes for people over 70, Direct Line mortgages for over 50 year olds, Churchill retirement mortgages over 60, Coventry Building Society interest only mortgages for over 60s near London, West Bromwich Building Society retirement interest only mortgages over 60 and National Counties Building Society mortgages for 60 year olds are 35%, 55% and 70%.

Challenging to mortgage property variants can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for everyday domestic use, properties with a single annexe or other self-contained part of the property, agricultural use of the land and any outbuildings, properties with mobile phone masts which are not within influencing distance of the house and properties with mobile phone masts which are within influencing distance of the house.


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 secured on it. For example, if you have a £110,000 house and an £8000 mortgage, you have around £102,000 of home equity.

This is a rare type of financial product or mortgage for homeowners in retirement or nearing retirement, typically people aged 55 or older. It can provide a tax-free cash lump sum with some or a monthly income. You don’t need to tell the lender what you are going to use the money for. Legal and General offers a great equity release deal for UK homeowners.

Some of the most common loan to value percentage ratios of LVE equity release schemes for over 55’s, More2Life retirement interest only mortgages over 75, One Family lifetime mortgages for people over 55, Yorkshire Building Society equity release schemes for over 55’s, Royal London mortgages over 65 and Sun Life interest only lifetime mortgages for people over 60 are 40%, 55% and 65%.

Legal and General Equity Release

Examples include but are not limited to:

  • Replace an old car with 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 stairlifts
  • Help family members with a deposit for a new home purchase, often larger deposits can enable cheaper lending
  • Manage problems with Inheritance tax and other tax liabilities

Does L&G offer Pensioner Mortgages?

Yes, L&G Pensioner Mortgages are 1.89% APR.

Some of the most popular retirement loan offerings are TSB over-60 mortgages, Barclays later life interest-only mortgages, Natwest mortgages for 60 plus, Legal and General retirement mortgages, and Nationwide lifetime mortgages.

Does Legal and General offer Lifetime Mortgages?

Yes, Legal and General do lifetime mortgages at 1.89% MER.

Tough to mortgage home titles can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties with structural problems, asbestos construction and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

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Does L&G offer Retirement Mortgages?

Yes, L&G Retirement Mortgages are 1.89% APR.

Popular pensioner mortgage products are TSB pensioner mortgages, Barclays retirement interest only mortgages, Natwest mortgages for pensioners, L&G lifetime mortgages and Nationwide Building Society retirement mortgages.

Does L&G offer Equity Release Under 55?

Yes, L&G Equity Release Under 55 is 1.89% MER.

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Popular LTV ratios of Lloyds Bank interest only lifetime mortgages for over 70s, HSBC interest only lifetime mortgages for over 70s, Natwest interest only mortgages for over 70s, L&G lifetime mortgages for people over 55, RBS mortgages for people over 50 and Nationwide BS mortgages over 65 are 50%, 60% and 65%.

Do Legal and General do Equity Release Under 55?

Yes, Legal and General Equity Release Under 55 is 1.89% MER.

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Does L&G offer Retirement Mortgages?

Yes, L&G Retirement Mortgages are 1.89% APR.

Does L&G offer Pensioner Mortgages?

Yes, L&G Pensioner Mortgages are 1.89% APR.

https://www.legalandgeneral.com/retirement/equity-release/

Do Legal and General do Retirement Mortgages?

Yes, Legal and General Retirement Mortgages are 1.89% MER.

Address: 1 Coleman St, London EC2R 5AA
Consolidation Loan Bad Credit

03700 500 955
(from UK)

+ 44 1737 370 370
(from abroad)

Monday to Friday
8.30-18.00

Legal & General Investments

PO Box 6080

Wolverhampton

WV1 9RB

Bereavement support

Handling the finances when someone has passed away can be daunting and far from easy. We’ll do everything we can to make it as simple as possible.

How much can I release?

You can release 70% of your home’s valuation. For example, if your home is worth £340000, you can get £238000.

Do Legal and General do Pensioner Mortgages?

Yes, Legal and General Pensioner Mortgages are 1.89% MER.

Lending Into Retirement

Bad Credit Consolidation Loan