Legal & General are one of the leading providers of equity release products in the UK today, specifically lifetime mortgages. As of 2017, they have lent over £900 million in lifetime mortgages to thousands of people. At Equity Release Scotland, we have a lot of time for L&G.
For homeowners who are over the age of 55 and have a home valued at over £100,000 (or £150,000 if it’s an ex-council house), you are able to release cash from your home with one of the most respected financial institutions in the UK.
Legal & General appreciate that giving up equity in a home is a big decision and that this kind of mortgage is not for everyone. Similar to our advice at Equity Release Scotland, L&G often suggest that you seek independent advice before you pursue a lifetime loan, because it is a long term commitment. However, if you’ve done your homework, or you feel that you want to take advantage of the equity in your home, then deciding to go with Legal & General has a host of benefits.