Home » Equity Release » Partners
Brilliant in Partnership with
Legal and General
Brilliant’s payment on completion is available with this lender as well as all of our product, placement, relationship and service support. You can also access the lender’s RIO products with all of the above features. Brilliant offers very competitive procuration fees with all lenders, including L&G. To see the latest procuration fee rates visit our procuration fee table.
Why Use Legal & General for Equity Release?
Legal & General Home Finance is leading innovation across the later life market to help people have a more colourful retirement.
Almost a quarter of equity release customers choose
Legal & General Home Finance, making it one of the largest lifetime mortgage lenders in the UK.
It has lent over £3bn in total, developing customer-led solutions that offer flexibility and choice. The business is part of the Legal & General Group.
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor.
Key features of Legal and General's Lifetime Mortgages:
-
Easy digital application
Apply entirely online and get a valuation quickly. -
No Negative Equity Guarantee
Never pay back more than the property is sold for, as long at it’s sold at the best price reasonably obtainable. -
Compassionate Repayment Feature
Joint policyholders pay no Early Repayment Charge if the loan is repaid by the remaining borrower within three years of the death or entry into care of the other borrower.
-
Optional Inheritance Protection
Ensure there’ll be equity left for beneficiaries. Subject to terms and conditions. -
Optional Partial Repayment
Repay up to 10% of the loan each year without any Early Repayment Charges. Subject to terms and conditions. -
Drawdown facility
Release some cash at the outset and borrow more later from the remaining amount (min £2000 and not available on our Income Lifetime Mortgage). Subject to terms and conditions.
Support Material
Training
L&G provide a significant amount of training and support material. They host a number of CPD-accredited events, as well as an online portal where you can study for your ER1 exam at home, and at your own pace.