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LLB Later Life Borrowing

Buying a home with a lifetime mortgage

You can use a lifetime mortgage to help buy a new home, not just to release cash from one you already own. The lender funds part of the purchase based on your age, and you find the rest as a deposit from your own savings or from the sale of a previous home. This tool shows roughly how that split works.

Couples use the age of the youngest owner. Lifetime mortgages start at age 55 and the property must usually be worth £70,000 or more.

Deposit you would need to find

£180,000

Purchase breakdown
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Figures are indicative maximum release percentages anchored to published lender ranges (for example Legal & General and Aviva guidance), not a quote from any lender. Enhanced plans for those in poorer health can release more. The actual amount depends on your age, health, property and the plan chosen. Last reviewed June 2026.