Legal & General Equity Release (Dec 2021)

Legal & General Lifetime Mortgage Review

Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui

Are You Considering Legal & General Equity Release? What are the Pros, Cons & Costs? Discover If Legal & General Lifetime Mortgage Schemes are for You.

Before You Start Reading...

Let's See How Much You Can Release 👇


Equity Release Calculator

Value of Your Home?


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Legal & General Review

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release providers with all the choices available.

Or is it?

Is Legal & General equity release the best?

Have you used our free equity release calculator yet?

The companies we profile, are the best in the business to help you unlock the cash tied into your home.

We’re here to help you:
Let’s find out NOW!

As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.

Is Legal & General the ideal equity release loan company to assist you and your family?

What’s Equity Release?

An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.

Learn More: What’s Equity Release?

How Does Equity Release Work?

Equity release is available for individuals or couples over the age of 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.

Learn More: How Does Equity Release Work?

We’ve summed up the most important information about the topic in this quick video.

What About the Legal & General Equity Release Calculator?

Before you consider using the Legal & General calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Legal & General. So first use this calculator below & see how much you can release.

How Much Can You Release?

Use the FREE Calculator 👇


Equity Release Calculator

Value of Your Home?


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🔒 100% Secure & Fast. Takes Just 8 Seconds.


It's VERY FAST and, takes just 8 seconds

Legal & General Reviews & Ratings

Legal & General Complaints

If you’re unhappy with Legal & General and would like to make a complaint then the best way to do this is reach out directly on their website. They care about their customers and will forward you to the relevant department. The alternative is to use a review site such as Trustpilot or Feefo and leave a review and they’ll quickly reach out to you to assist.

Are Legal & General Equity Release Any Good?


  • Experienced reputable lender which has lent to over 89,000 customers at a rate of over 400 per week.
  • A financial advisor is appointed for you, with no fee
  • Lots of flexibility for how you’d like to receive your money
  • You can choose to make early repayments
  • You can protect some equity to ensure your heirs are passed on a specific amount at no extra cost
  • No negative equity guarantee
  • Members of the Equity Release Council requiring a high standard of customer care, outstanding value, and total transparency

They are also authorised by the Financial Conduct Authority and have won the following awards:

  • The Mortgage Awards 2020 – later lifetime lender of the year
  • Mortgage Strategy Awards 2020 – Best equity release provider / lifetime lender


  • The interest owed compounds quickly, meaning your estate can quickly diminish, as you’re not making any repayments on the loan, so you can lose a lot of money out of your estate. However, you’ll never owe more than the value of your home.
Editor’s Rating: 4.82

Legal & General's Equity Release Plans & Lifetime Mortgage Schemes

Are you looking for a specific equity release scheme? These are some of the schemes offered or covered by Legal & General.

Not what you're looking for?

Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!

Who Are Legal & General?

Legal & General Group plc, or simply Legal & General, is a British global financial services corporation based in London. Investment management,1  lifetime mortgages,2  pensions, annuities, and life insurance are some of the products and services it offers.

Legal & General is the UK’s largest supplier of individual life assurance products and a top 20 worldwide asset manager. With over £1 trillion in assets, the equity release business was started in 1836 and has since developed into one of Europe’s leading insurance and asset management firms.

By delivering stable pension incomes, L&G works with corporations, pension fund trustees, and advisers to safeguard the corporate pensions of workers who are in or are nearing retirement. They also provide annuities and lifetime mortgages to individual consumers who are searching for financial stability in their later years.

L&G specialises in a variety of items, including:

  • Investments
  • Retirement solutions
  • Life cover
  • Insurance
  • Mortgages
  • Equity Release

FCA Address

One Coleman Street
EC2R 5AAE C 2 R 5 A A

Trading Names

  • Legal and General Assurance Society Limited

FCA Permitted Services

  • Banking
  • Insurance
  • Consumer Credit
  • Pensions
  • Investments


  • Financial Conduct Authority
  • Financial Services Authority

Registration Numbers

  • FCA Ref Number: 117659
  • FCA Reg Number: 166055
FCA Link: FCA Link

Legal & General Info

Got Questions About Legal & General& Lifetime Mortgages? Check These First

Is Legal & General A Member of the Equity Release Council?

What Are Legal & General's Interest Rates?

Who Owns Legal & General Equity?

Where is Legal & General Located?

Before You Go...

Let's See How Much You Can Release 👇


Equity Release Calculator

Value of Your Home?


Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

As Featured In
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If you’re anything like us, you skipped to the end anyway.

So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.

Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

legal & general
rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
john lawson profile.jpg

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.


Equity Release Calculator

Value of Your Home?


Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

As Featured In
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