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 route to market with immediate permissions, whilst at the same time obtaining PRA & FCA regulatory approval.
Legal & General provide a host of equity release schemes offering a combination of flexible lifetime mortgage plans and high maximum lump sum plans, all with the control-ability measure of the 10% optional partial repayment function. They have more equity release plans afoot with ambitious targets to grow the market significantly over the forthcoming years, which all bodes well for an already expanding post retirement lending market.