Press release

Legal & General Home Finance announces new agreement with NatWest

Interest-only mortgage customers of NatWest will be offered Legal & General Home Finance’s lifetime mortgages

17 Dec 2018

The agreement will see Legal & General offer its lifetime mortgages, including its Optional Payment Lifetime Mortgage (OPLM) as a potential solution for NatWest interest-only borrowers aged 55 and above who are at the end of their mortgage term and unable to repay their loan. The agreement adds to existing arrangements with Virgin Money, Santander and The Co-operative Bank.

NatWest will offer interest-only customers who may benefit, the opportunity to speak with Legal & General’s specialist partner for advice on whether a lifetime mortgage would be suitable for them. As well as NatWest customers, other Royal Bank of Scotland customers will also be included in the scheme.

Steve Ellis, CEO, Legal & General Home Finance: "We are committed to raising awareness about the transformative impact housing wealth could have to help these borrowers, enabling them to pay off their mortgage debt and enjoy the retirement they’ve always wanted, while remaining in the home they love. We’re delighted to be collaborating with NatWest..."

Further information

Margrit Williams

Director of External Engagement

Legal & General Capital

Email Margrit Williams

Nick Seymour

Rostrum Agency

T: +44 (0)2074 408670Email Nick Seymour

Notes to editors

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at HY24) of which c40% (circa £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

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