4.49% MER Legal and General Equity Release Plans – Free Home Valuation – L&G Updated For 2025

• Release equity from your house with Legal and General equity release
• No lenders fees
• No product fees
• Free valuation
• No early repayment charges
• There is no need to make monthly payments unless you want interest-only
• Help your family get a deposit for their own home
• Continue to live in your own home
• Spend the money on whatever you want

Reviews of Product

Mrs Yardly from Sheffield

I had an old, tired car and an unreliable central heating system. Repair bills continually mounted, meaning I had less money for holidays and other lovely things. A friend said I should consider equity release, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.

When I did my homework, I found that equity release interest rates were meagre in 2025, and the negative press focused on people who had been ripped off with high rates in the past.

Even if my house price only increased slightly, the roll-up interest would be covered. The equity release enabled me to get a nice 3-year-old car and a new boiler, so I was not wasting money on repairs all the time!

Mr Shaw from Bradford

I thought I would have to sell my home to repay my mortgage as the bank wanted their money back. With the money left, I could only afford a flat, and I would have been further away from my daughter and her children. Downsizing was a bad idea for me.

My lifetime mortgage was ideal for me as I had no monthly repayments, and I paid off my old mortgage.

I saved the cost of moving to a new flat, which I would have paid to move to a place I did not want. The no negative equity guarantee and equity release council assurances were fundamental to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.

William from Birmingham

My son knew a guy who owned six pubs. Because of successive lockdowns due to the COVID-19 coronavirus, he had to sell his holiday home in Cornwall quickly.

My equity release money bought his flat at 35% under market value. Not only does my family have the shared use of a holiday home, but the rental income is also much more than the interest on the equity release.

Mrs Heart from Aberdeen

I was struggling to pay my mortgage and had no money left for emergencies at the end of the month, let alone saving for a holiday.

I had investigated home reversion plans, but they did not appear to be the right solution.

Equity Release for older borrowers with no monthly repayments was precisely what I wanted, and the interest rate was very low. I was able to pay off my mortgage. I live in an area where house prices are going up nicely, so keeping 100% ownership of my own home is wise.

I am confident that my house price appreciation will be much bigger than my roll-up interest.

Mr Howarth from Leeds

I am healthy and have a good income from my pensions for later life. I decided to release money from my unencumbered home with a retirement interest-only mortgage (RIO mortgage), so I could get a new kitchen and bathroom and give money to my children so they could move house and buy bigger homes.

I had no problems with a minimum or maximum age requirement or affordability.

The interest rate was very low, like a prime conventional mortgage from a bank or building society. The monthly payment was tiny compared with the rest of my outgoings. The whole process was authorised and regulated by the finance conduct authority.

It’s common to encounter individuals searching for interest-only lifetime mortgages, monthly payment equity releases, or monthly payment lifetime mortgages. However, Key Solutions, like AA equity release, is keen to see evidence of your circumstances through investment statements.

Equity Release LTV Percentages

The more aged you are and the more illnesses you have you are, the more tax-free money you can release.

Lenders for Equity Release

• equity release legal and general
• LV equity release
• LV equity release
• Old Mutual Wealth
• Legal and General equity release

Does Legal and General offer Equity Release?

Yes, Legal and General Equity Release is 1.81% MER. Legal and general equity release interest rates are very low.

What percentage can be released?

• 55% monthly payment lifetime mortgage Old Mutual Wealth
• 55% loan to value monthly payment lifetime mortgage Sunlife Plans
• 70% Legal and General equity release

The first and second charge lenders will want to know if the property is a semi-detached freehold house or a Leasehold flat with a share of freehold and if the occupier is an Owner-Occupier Primary Residence.

Mortgages For Over 65s
Metrobank Equity Release

So, is equity release right for me?

Maybe, but you should research equity-release companies to avoid it.

Pensioner Mortgages

What is equity release?

It is a loan you pay back when your house is sold.

Equity Release Yorkshire Building Society YBS

What’s the cost of equity release?

You may need to pay for a solicitor, a home valuation and an advisor for a legal general lifetime mortgage.

Metrobank Lifetime Mortgage

Yorkshire Bank Equity Release Scheme

Does Legal and General offer Pensioner Mortgages?

Yes, Legal and General Pensioner Mortgages are 2.3% APRC.

YB-Yorkshire Bank Lifetime Mortgage

Legal & General Lifetime Mortgage

UK Equity Release Scheme Providers similar to Legal and General equity release

It’s common to find people looking for interest-only lifetime mortgages, monthly payment lifetime mortgages, or lifetime mortgages with flexible drawdown cash releases; however, Legal and General, like AA equity release, is eager to see evidence of your circumstances in the form of pension statements.

• More to Life Capital Choice Plan
• legal and general equity release rates
• More to Life Capital Choice Plus Plan
• legal and general equity release reviews

Does Legal and General offer Equity Release Under 55?

Yes, Legal and General Equity Release Under 55 is 1.98% MER.

• equity release legal and general
• Royal Bank of Scotland Equity Release Plans
• L&G Legal & General Flexible Plus Lifetime Mortgage

Do Legal and General do Retirement Mortgages?

Yes, Legal and General Retirement Mortgages are 2.02% MER.

• legal & general equity release
• Lloyds Bank Equity Release Schemes
• Barclays Equity Release
• Royal Bank of Scotland Equity Release Plans

Pitfalls of Legal and General Equity Release

Legal and General equity release can reduce the inheritance for your family. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a solicitor’s fee, and you could have higher rates to pay with some schemes.

Uses of Lifetime Mortgages similar to Legal and General equity release plans

It can be used to optimise tax planning, and interest rates on the money can be appealing. Equity release legal and general, which has some great interest rates available, is a low-rate way of helping the family buy their own home or pay down their personal debts so they have lower monthly outgoings.

• Rm Secured Direct Lending
• Just Retirement
• Secured Loans For Bad Credit Direct Lender – Updated For January 2025
• 5 Year Mortgage Rate
• Norwich Union Equity Release Advice
• More to Life Equity Release Scheme

Who is the best provider of equity release?

An L&G lifetime mortgage is the best provider for later-life funding.

• L&G Legal & General Flexible Plus Lifetime Mortgage
• Liverpool Victoria LV= Flexible Lifetime Mortgage
• More to Life Capital Choice Plus Plan
• Legal and General equity release
• Bridgewater Lifetime Mortgage

• Nationwide Equity Release Best Deals
• Stonehaven Lifetime Mortgage Advisers
• Norwich Union
• Secured Loans For Bad Credit Direct Lenders Only

Does Legal and General offer Lifetime Mortgages?

Yes, Legal and General do lifetime mortgages at 2.19% APRC. Legal and General Lifetime Mortgages have a loan-to-value (ltv) of 75% – Updated For January 2025. Legal and general equity release reviews are generally very positive. L&G equity releases are more trusted by many people than some of the less well-known UK lenders.

• Lloyds Equity Release From Property
• Stonehaven Equity Release Brokers Uk
• Age Partnership Equity Release Guide

How does an equity release mortgage work?

A legal and general equity release adviser will help you understand how an L&G lifetime mortgage works regarding the costs and the interest.

• Liverpool Victoria Lve Lv Lifetime Mortgage Reviews
• Barclays Lifetime Mortgage Broker
• RIO mortgages in Northern Ireland Retirement

Are there more good lenders for Equity Release?

Yes, HSBC Equity Release is an excellent product.

• Age UK Equity Release
• Key Solutions Lifetime Mortgage Plan – Updated For January 2025
• Halifax Lifetime Mortgage 2025
• Equity Release Mortgage Under 55
• Step Change Equity Release Best Deals

What is the average cost of equity release?

Because legal and general equity release interest rates are meager, the loan cost is very similar to a regular mortgage for younger people.

• Sunlife Equity Release From House
• More to Life Lifetime Mortgage Home Reversion Plan
• Lv Equity Release From Property
• Natwest Bank Equity Release

Is legal and general good for equity release?

Yes, legal and general lifetime mortgage rates are meagre, so the overall cost of L&G equity release is very competitive.

• Key Retirement Solutions Equity Release
• Lloyds Lifetime Mortgage Fixed Rate
• Barclays Lifetime Mortgage Rates 2025
• Direct Lender Mortgage
• Lv=

What are the pitfalls of equity release?

When you read legal and general equity release reviews, you will learn the roll-up interest pitfalls.

https://www.legalandgeneral.com/retirement/lifetime-mortgages/