Legal and General Home Finance (Formerly Newlife)

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Legal and General Home Finance provides a high LTV Gold Max Lump Sum product and 2 Flexible Drawdown products to enable you to satisfy your clients Equity Release needs.  Direct access to underwriters means you can speak to real people for personalised service. Optional partial repayment of up to 10% per annum of the original loan and Inheritance protection available at no extra cost.

 

The Flexible Plus and Flexible Lifetime Mortgages are:-

  • Available from age 60 to 90 and offer high LTVs, competitive interest rates and one of the highest drawdown facilities available in the market or can be taken as a lump sum. Optional partial repayments are also available.
  • No differential on LTVs between single and joint life plus Inheritence Protection at no extra cost.
  • Minimum loan £10,000 -  Maximum £750,000 (please refer if over)
  • Property Value up to £2m (£4m in London).
  • Drawdown minimum £2,000 with no charge.
  • Refunded valuation at completion – no cap on refund.
  • Flexible (low LTV option) available at a reduced rate but no refunded valuation fee.
  • Arrangement fee can be added in excess of the maximum LTV.

 

The Lump Sum Plus and Lump Sum Lifetime Mortgage are:-

  • Available from age 60 to 90 and offer one of the highest LTVs in the market, plus the arrangement fee can be added to the advance in excess of maximum LTV. Optional partial repayments are available and Inheritence Protection at no extra cost.
  • The cash release optimiser tool provides the choice of lowest rate or £1,500 cashback plus a commission rebating option allowing advisers to customise the product to meet client’s needs.
  • Minimum loan £10,000 -  Maximum £750,000 (please refer if over)
  • Property Value up to £2m (£4m in London).

 

To find out more visit the website www.landghomefinance.com or phone the intermediary helpdesk on 03330 048444

 

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