Legal & General Home Finance

Legal & General Home Finance

Legal & General Home Finance are a leading lifetime mortgage provider in the UK and since their entry into the lifetime mortgage market in 2015, they’ve driven growth and change in the market, helping nearly 52,000 customers benefit from a lifetime mortgage, and lending in excess of £2.4bn (up to August 2018). 


Legal & General’s award winning lifetime mortgage products are a type of equity release, which is a loan secured against your client’s home, letting them unlock some of the equity from their home without having to move. 


Proc Fees

Product Gross Net
All products 3% 2.85%
Premier Black Range 2% 1%
Further Drawdown 1% 1%
All infomration correct at 29/04/19


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Register to place business with Legal General Home Finance:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.


A lifetime mortgage is a loan secured against the client’s home to give them a cash lump sum or smaller amounts, tax-free, that they can take as and when they need. The product range includes Flexible Lifetime Mortgage, Optional Payment Lifetime Mortgage, which gives your client options to make monthly interest payments, like they would an interest only mortgage. And an Income Lifetime Mortgage which allows your client to get a fixed monthly income, for a fixed term.  

Legal & General are dedicated to developing new product options in the retirement lending space and designing products that suit a wide range of needs. 

News and insights

Understand what the retirement goals of your clients may be, here.

Lending criteria 

To be eligible for a Legal & General Lifetime Mortgage, clients must be:

  • Aged 55 or over
  • Living in or buying their own home, with a small or no mortgage
  • Living in England, Wales or mainland Scotland, and own a home worth a minimum of £100,000 or £150,000 for ex council, ex housing association or ex Ministry of Defence properties.