With effect from 6pm on Thursday 4th May 2017, L&G Home Finance are making some changes to their Lifetime Mortgages. 
 
L&G Home Finance are making the following changes:
 
The rates will be as follows: 
 
 
The new LTVs will be as follows:
Please note:  the LTVs on L&Gs other Lifetime Mortgages remain unchanged. 

 

 

WHEN WILL THESE CHANGES TAKE EFFECT?

These changes will be implemented from 6pm on Thursday 04 May and you can view the amended product summaries on their website from this time.

 

PIPELINE CASES 

From Friday 5th May 2017, if you’d like L&G to offer an existing case on a new rate, you don't need to provide them with a new KFI. Instead you can fill out this short online form. You'll need the account number which you will find on the original mortgage offer.

On 30th March 2017 L&G withdrew their Lump Sum and Lump Sum Plus products. These cases will continue to be processed on their original terms, however, if you would like to switch these cases to a flexible product you will need to provide L&G with a new KFI, as this could be a material change to your advice. You can generate the KFI in the usual way from the online portal. Please do not submit a new application online, simply email the new KFI to underwriting@landghomefinance.com quoting the account number and they will do the rest.

 
For more information, contact the Equity Release Club on 01452 310777
or L&G Home Finance on 03330 048444. 
 
 
 
 

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