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
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
Notes to editors
Established in 1836, L&G 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 FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.