Legal & General - Flexible Indigo
Roll up Lifetime Mortgage
Rate: 4.74%
APR: 4.90%
Incentive Deal:
Offers: Unlimited Free Valuation | 2% Cashback Option* | 10% Optional Partial Repayment with NO penalty | Inheritance Protection | NO Application Fee Option**

Legal & General Home Finance entered the equity release marketplace by acquiring Newlife mortgages in early 2015, who had been providing equity release products since 2003. Legal & General and have launched the Flexible Indigo Lifetime Mortgage following new funding by Legal & General.

The Legal & General Flexible Indigo Lifetime Mortgage scheme is aimed towards those looking for the maximum release possible and in good health. Should the maximum release of equity not be taken, then any remaining cash will be retained in a cash reserve facility for future use, if required. Therefore, the plan could be selected in order to secure the maximum future funding into retirement, even if the maximum release was required immediately.

No monthly payments are required, although voluntary payments are permitted and the product meets Equity Release Council guidelines.

Legal and General will now accept Optional Partial Repayments of upto 10% of the original amount borrowed with NO penalty. Therefore, the future balance of their plans can now be controlled, whether its to pay the interest accrued & maintain a level balance or even use the full 10% allowance & reduce the balance over the long term.

The Legal and General Flexible Indigo plan is available on a single and joint life basis for those residents in England, Wales & mainland Scotland. This drawdown lifetime mortgage plan starts at age 55 and has a maximum age of 90 at application.

The competitively priced interest rate is fixed for the longevity of the lifetime mortgage term.

There is a standard minimum property value of £100,000, yet a minimum of £150,000 for ex-council houses. Property values are acceptable upto £2 million and Legal and General will consider properties upto £4 million in London. Again, for properties over £4 million in value, L&G will consider these on a case-by-case basis.

For flats & maisonettes Legal and General will use 85% of the property value in calculating the maximum lump sum.

The lowest possible lump sum withdrawal is £10,000 with an overall maximum equity release lump sum of £750,000. Bespoke quotes above £750,000 can be requested on a case-by-case basis by contacting the Compare Equity Release team on 0800 678 5169.

Legal & General Home Finance will allow additional borrowing subject to a minimum £5,000 release.

Anyone aged over 55, in good health and looking for the maximum equity release, should consider the L&G Flex Indigo equity release plan as at most age groups Legal & General Home Finance will offer a market leading maximum lump sum availability.

*Actual rate will be increased by 0.2% should the cashback option be selected
**The L&G Flexible Indigo plan is available with & without arrangement fees. Choosing the NO arrangement fee option is available until further notice.

For your free Legal and General Flexible Indigo quotation, please call the Compare Equity Release team on 0800 678 5169 today
These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.


  • All schemes are authorised and regulated by the FCA
  • Continued ownership of 100% of your home
  • Interest rates sourced from the whole of the market
  • Continued benefit from future house price increases
  • Special deals with incentives to save you money
  • Free initial advice with no commitment or credit checks

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These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration. helps you to compare and arrange equity release schemes from the whole of the equity release market:

Aviva | Bridgewater | Hodge Lifetime | Just Retirement | LV= | more2life | One Family | Retirement Advantage | Pure Retirement L&G Crown