Legal & General Equity Release
Legal & General Home Finance is one of the UK's most established and highly regarded later life lenders, offering both lifetime mortgages and Retirement Interest Only (RIO) mortgages.
Independent introduction serviceAccess to specialist lendersNo obligation
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What happens next
- Fill in the form (2 minutes).
- We'll match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your options.
Important: Equity release is a long-term commitment and will reduce the value of your estate. It may affect entitlement to means-tested benefits. Independent financial and legal advice is required. The specialist brokers we work with source plans from Equity Release Council approved lenders. Your home may be repossessed if you do not maintain required payments on a secured loan.
About Legal & General Equity Release
Winner of Best Provider at the 2026 Equity Release Awards. As an independent introduction service, we introduce you to equity release specialists who are qualified to advise you and can compare L&G against other Equity Release Council approved lenders - not simply the most prominent brand.
The options available
L&G Interest Roll-Up Lifetime Mortgage
No monthly payments required. Interest rolls up and compounds until the property is sold. Available as lump sum or drawdown. Suitable for those without regular income sufficient for monthly payments.
L&G Optional Payment Lifetime Mortgage
Make voluntary monthly payments to reduce interest roll-up. No obligation - payments can stop at any time without penalty. Provides flexibility to manage the loan balance while retaining the security of no mandatory payments.
L&G RIO Mortgage - Remortgage
Pay interest monthly with no fixed term end. Capital repaid from property sale. Three RIO variants: Remortgage, Purchase, and Remortgage and Cashback. All at fixed interest rates for life.
L&G RIO - Up to 60% LTV
L&G's RIO mortgage offers up to 60% LTV - comparing favourably to the maximum available on a lifetime mortgage at the same age. For clients who can service monthly interest, this is a significant advantage.
Specialist Introductions
The equity release specialists we introduce you to can compare L&G's plans against Aviva, Just, Canada Life, More2Life, Pure Retirement, and other ERC-approved lenders. L&G may be the best plan for your circumstances - or another provider may offer better terms.
Downsizing Protection
L&G's plans include Equity Release Council standard portability and downsizing protection features. If you move to a property that doesn't meet L&G's criteria after 3 years, early repayment charges are waived.
How It Works
Independent assessment first
A specialist will review your circumstances before approaching any lender - including L&G. Understanding what you need, what matters for inheritance, and what income you have determines which provider is most appropriate.
Specialist comparison
The specialist obtains illustrated terms from L&G alongside Aviva, Just, Canada Life, More2Life, and other relevant providers, and presents the comparison transparently.
Key Facts Illustration
The chosen plan is presented in a Key Facts Illustration - a standardised document enabling direct comparison between providers.
Independent legal advice and completion
You receive independent legal advice from a solicitor. L&G completes within their standard 4-8 week timeline.
Speak to our later life lending specialists
Call 0204 6211776 · Introductions to later life lending specialists
Frequently asked questions
Is Legal & General the best equity release provider?
Legal & General is consistently one of the highest-rated equity release providers in the UK - winning Best Provider at the 2026 Equity Release Awards. However, "best" depends entirely on your individual circumstances. Another provider may offer a higher loan amount, lower rate, better drawdown terms, or more suitable enhanced plan for your health profile. A specialist adviser can compare the options to establish which is best for you.
What are Legal & General's lifetime mortgage interest rates?
L&G's interest rates vary and change regularly. Current indicative rates are in the 6.2%-7.2% AER range (September 2026). The exact rate depends on your age, property value, and the specific plan. The specialist you are introduced to can obtain a live illustration from L&G alongside other providers.
Does Legal & General offer a RIO mortgage?
Yes - Legal & General Home Finance offers RIO mortgages alongside their lifetime mortgage range. The L&G RIO offers up to 60% LTV with fixed interest rates for life - one of the most competitive RIO products in the market. Available for remortgage, purchase, and remortgage with cashback.
How do I apply for a Legal & General lifetime mortgage through DBF?
Contact our later life lending team. We introduce you to equity release specialists who are qualified to advise you. A specialist will review your circumstances and, if L&G is the most appropriate choice, the specialist will handle the application with L&G on your behalf.
What is Legal & General's drawdown option?
L&G's drawdown facility allows you to take an initial cash sum and hold a reserve for future use. Interest only accrues on drawn amounts - not the reserve. The reserve can typically be drawn in minimum amounts with no additional valuation required.