A Flexible Lifetime Mortgage lets you take a one off lump sum, or smaller amounts as and when you need them. If you’d like to speak to us sooner you can call us directly, for a free, no-obligation chat on: Monday to Sunday 8:30am - 8:00pm. You can't take out an equity release product unless you have taken financial advice. OneFamily only supply advice on lifetime mortgage products. If you want the option to release more equity in the future, then an adviser can help you achieve this with a lifetime mortgage. Find out how much equity you could release from your home with our calculator. This enabled them a quicker route to market with immediate permissions, whilst at the same time obtaining PRA & FCA regulatory approval. The information you've provided means that you don't meet the minimum eligibility criteria for the Income Lifetime Mortgage. You can also provide your phone number if you’d like to opt in to receiving calls about our later life mortgages. By providing your phone number you consent to us calling you about your results and how our Lifetime Mortgages may work for you. You don’t need to have fully paid off your mortgage to do this. Find out how much equity you could release from your home with our calculator. Equity release can provide a lump sum or flexible payments for you to spend however you like. Interest is charged on the loan plus any interest already added. Legal & General Equity Release Calculator The Legal & General website has an equity release calculator that you can use to see how much money you could release from your property with one of their Lifetime Mortgage options, based on your age and value of your property. Key Retirement, Market Monitor Half Year (July 2020). Find an Adviser; Have a Question? The actual amount may vary depending on your individual circumstances. Simply choose your age, property type and estimated property value. It is common to find people looking for monthly payment equity release, monthly payment lifetime mortgage or home reversion plans, however, Legal and General like The Exeter Equity Release are keen to see paperwork to show your situation in the form of investment statements. In the meantime, consider these products. Legal & General Home Finance Ltd is a member of the Equity Release Council, a trade body setting standards for providers. This is an estimate of the amount you may be able to release. You've chosen a and an initial lump sum of . There’s flexibility to borrow more in the future if you choose not to take the full amount available upfront. To have a chat about your options for releasing equity from your house, call us on the number below. Almost a quarter of equity release customers choose Legal & General Home Finance , making it one of the largest lifetime mortgage lenders in the UK. If you'd like us to call you about our later life mortgages. Legal & General Home Finance Ltd is a member of the Equity Release Council, a trade body setting standards for providers. Our in-house experts can help you invest in a broad range of Legal & General funds through our ISA, JISA, personal pension or general investment account. To find out how much you could receive and be sent your personalised quote, including interest rates, please provide your email address. Similar to our advice at Equity Release Scotland, L&G often suggest that you seek independent advice before you pursue a lifetime mortgage, because it … See how you can protect yourself from fraud. As a reminder – equity release is a way of turning some of the value from your home into tax-free cash. 1 Legal and General Equity Release. A lifetime mortgage is a loan secured against your home. To calculate how much money you could get, the house equity release calculator will need access to personal details such as: The age of the youngest homeowner in your property. This means the amount you owe can increase quickly over time. Equity Release Calculator. You can use SunLife’s equity release calculator free of charge, and it will give you an estimate on how much you could release. He has been managing the UK Equity Income Trust since November 2017. Legal & General Home Finance and Key have voiced their support for the Equity Release Council’s (ERC) modification of rules on face-to-face legal advice in the face of the coronavirus lockdown. If you'd like us to call you, please complete your full name and phone number. Ask our Customer Service Agents for more information. Use our free, easy-to-use Equity Release Calculator to find out how much you can raise from your property. At the moment the average interest rate across all lifetime mortgages is the lowest it's ever been at 3.95% 1.On average, people who have used the SunLife Equity Release Service access an interest rate of 3.23% 2.However, depending on your circumstances, there are many plans available with rates lower than 3%. You can receive the money as one lump sum or as a series of smaller amounts over time to suit you, You could get a fixed monthly income for a set period of up to 25 years. With each of them, there’s no obligation to pay back the loan until after you die or move into long-term care. How much you can borrow depends on a number of factors, including your age, the … Find out more in our Lifetime Mortgage guide. With OneFamily Advice, you only pay £950 - simple, straightforward and easy to budget for. Read the OneFamily Privacy Notice. We'll be in touch soon. Calculate Your Maximum Release! 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