Legal and General Home Finance

Legal & General Home Finance is the trading style of New Life Mortgages Limited. To help make sure of the best outcomes for customers, their Lifetime Mortgages are only offered through financial advisers who are authorised and regulated by the Financial Conduct Authority and hold appropriate equity release qualifications. 

New Life Mortgages Limited is a member of Equity Release Council and the CML and is provider of equity release, even on non-main residence properties. 

Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

Gold lump sum      2.20%
Flexible lifetime mortgage
Initial drawdown   2.20%
Further drawndown thereafter    1.00%
Home reversion    2.00%

  All information correct as at 05/05/20156

Gold lump sum     2.15%
Flexible lifetime mortgage
Initial drawdown    2.15%
Further drawndown thereafter 1.00%
Home reversion     2.00%

  All information correct as at 05/05/2016

Overview

For homeowners to use their residential property as security to raise a cash lump sum. Repayments of either capital and interest or interest only are required and an early repayment charges is payable in the first year.

The maximum loan to value is 50%, loans are capped at £350,000 and there must be remaining equity of £150,000 at completion.

Address

Legal & General Home Finance
Warwick House
737 warwick Road
Solihull
B91 3DG

For enquiries

Call: 0121 712 3800

Email: enquiries@newlife-uk.com

Registration process

Please visit website:

http://advisers.landghomefinance.com/