Legal & General Home Finance announces colourful changes to lifetime mortgages
Legal & General Home Finance has today announced an update to its lifetime mortgage offering that includes two products with new LTV bands and a fresh way of identifying LTV levels with colours that reflect how no two retirements are the same.
The changes are in response to feedback from advisers and provide even more options to help them offer a tailored solution for their clients’ retirement needs.
The two additional lifetime mortgages with new LTV bands include a Flexible drawdown option and an addition to the retirement lender’s innovative Optional Payment Lifetime Mortgage (OPLM) range. OPLM was launched by Legal & General last year, giving customers the opportunity to unlock housing equity but continue to make monthly interest repayments in retirement.
Steve Ellis, CEO, Legal & General Home Finance:"At Legal & General we’re committed to helping customers enjoy the retirement they’ve always wanted, whatever their plans may be. Today’s retirement is far more diverse than the stereotypes would have us believe and consumers want options that are tailored to the life they want to lead when they retire."
Further information
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.