Background
Legal and General Home Finance entered the equity release marketplace in early 2015 by acquiring existing lifetime mortgage company New Life Mortgages. This enabled them a quicker 'back-door' entry to the market than seeking PRA and FCA authorisation directly.
Legal & General Home Finance offer their equity release schemes with a range of flexible drawdown lifetime mortgage plans and high maximum lump sum plans, all with the control-ability measure of the 10% partial repayment function. They have more equity release plans in store with an aggressive target to grow the market significantly over the forthcoming years, which all bodes well for an already expanding post retirement lending market.