Legal & General Home Finance
Legal & General Home Finance
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Legal & General Home Finance

Legal & General Home Finance is part of the Legal & General Group. Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor. Since launching in 2015, we've helped over 115,000 customers get a later life mortgage & have lent over £6.4bn.

Why choose Legal & General Home Finance?

  • We exist to help you have a positive impact on your clients in later life by providing innovative, flexible products and lifelong support
  • We offer a recognised brand, breeding confidence and offering stability
  • We have a proven track record and have won multiple awards
  • We provide excellent service to advisers and customers with a +77 NPS score +89 NPS for overall satisfaction
  • We offer a comprehensive post-completion support service for your clients, such as a 24x7 free customer assistance line, a care concierge and digital drawdowns

Contact us for more information or speak with your business development team

 

Proc Fees

Product Gross Net
Lifetime Mortgage 3% 2.85%
Further Advance 2% 2%
Drawdown Initial Advance (IA) offers made before 5/9/19, 1.00% Gross is paid. Initial Advance (IA) offers made after 5/9/19, 1.50% Gross is paid
RIO Mortgage 0.55% 0.50%
All information correct at 31/10/2025

Key Features

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    A later life mortgage can help transfer money to children or grandchildren, perhaps to buy a first home

     
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    It can act as a backstop in case of unexpected expenses or to fund care costs.

     
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    It can be used to pay off your client's existing mortgage or help them to move home.

     
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    It can even help if couples separate or divorce in later life.

     

Overview

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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.

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What we're doing to help you

It’s essential to stay ahead of new developments. Our Adviser Academy supports your professional development in later life planning. It’s just one of the benefits we can offer you. Discover our range of content, watch our on demand videos, or take a look at our latest articles and insights. There are case studies to check out, too.

Our goal is to develop strong relationships with our advisers. That means making it easy to do business with us, and helping you create the right outcomes for your clients. In short, we want to help you every step of the way. We provide resources to help you build your business and support your clients.

Ongoing Training

After qualifying, it can feel daunting taking the leap into advising lifetime mortgages. We want to help you in making this transition as simple and easy as possible.  You can claim up to four CPD hours toward the CII/Personal Finance Society member CPD scheme by attending one of our interactive and informative Setting the Foundations workshops.

Leading the Way with Lifetime Mortgages

At L&G, we know that great advice is about more than figures and forms — it’s about empathy, trust, and the people behind every decision.

That’s why we wanted to share the real voices of our team and the values that shape everything we do.  Through a short film series and true stories from the front line, we’re showing what it means to be:

Leading with compassion – for those navigating challenges, loss or vulnerability

Leading with authenticity – real people having real conversations

Leading with teamwork – because support for you and your clients starts behind the scenes

When clients are making decisions that affect the rest of their lives, they need more than products — they need people who care. And as an adviser, you want to feel confident that the provider you recommend is aligned with your values.

The Power of People: What Really Sets Us Apart

Advisers know that trust isn’t built through marketing slogans. It’s earned over time - through consistency, empathy, and action. That’s why we turned the camera on ourselves. In a series of videos, real L&G team members - from adviser support to customer service - speak openly about the moments that matter: calming a worried client, helping someone understand their options, or simply listening without rushing.

Advisers tell us that what matters most is knowing your client will be treated with the same care you would give them.

Tools for you and your clients

To support these stories, we’ve created a downloadable adviser guide ‘Leading the way in lifetime mortgages’ designed to help you explain why provider choice matters. It offers:

  •         Real case studies from our lifetime mortgage customers ‘in their words’
  •         Conversation prompts for talking about the importance care, long-term planning and vulnerability
  •         Videos about our free Care Concierge service and how we provide free support to lifetime mortgage customers and their immediate families
  •         It’s a practical resource to help you have deeper, more values-based discussions.

Visit the Campaign Hub

Watch the videos, hear the stories, and download the guide today: Leading the way with lifetime mortgages.

Follow us on LinkedIn

Listen to our new Podcast ‘Just Covered’ designed by advisers, for advisers

Geographical / Postcode restriction or other important note before advisers go through application process:

L&G do not offer Lifetime Mortgages in Northern Ireland