Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Legal & General Plc
  6. News
  7. Summary
    LGEN   GB0005603997


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Legal & General : later life mortgage partnership with Santander extended

07/29/2021 | 05:27am EDT

29 Jul 2021

Legal & General Home Finance has today announced the extension of its five year partnership with Santander UK to help the bank's mortgage customers with later life mortgage options.

When the partnership, offering Legal & General Home Finance later life mortgages to Santander customers, was first agreed in 2016 it was the first deal of its kind, and Santander has today agreed a five-year extension.

The arrangement helps existing Santander mortgage customers, many of whom would like help to repay the oustanding capital on their interest only mortgages without selling their homes. It also supports customers who want to release equity from their property.

Santander customers have benefitted from the free advice provided by Legal & General since the partnership started five years ago and, since the early days of the partnership, Legal & General has added innovative specialist customer options, such as Optional Payment Lifetime Mortgages and RIO mortgages, giving Santander mortgage customers further solutions.

The agreement between Santander and Legal & General was a pioneering move when we first announced it five years ago and, since then, we have broadened the range of options that are available to customers on interest-only mortgages as they reach retirement.

Housing wealth today is increasingly playing a key role in people's retirement portfolios and we will continue to transform the lifetime mortgage market to help people enjoy the retirement they want.

Claire Singleton, CEO of Legal & General Home Finance

Supporting homeowners at every stage of their journey is a key focus for Santander and we know that many interest only (IO) customers find the reality of having to sell a family home at the end of their mortgage is not as easy as it seemed when they first took it out.

Any IO customers worrying about what happens at the end of their product should talk to us to find out what their options are. We have a range of solutions available to support all our mortgage customers based on their individual circumstances and we're delighted that our partnership with Legal & General Home Finance enables our customers to access a broader range of more specialist later-life lending options, at no additional cost.

Brad Fordham, Head of Mortgages, Santander UK

Further informaton


Legal & General Group plc published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 09:26:07 UTC.

ę Publicnow 2021
All news about LEGAL & GENERAL PLC
09/22LEGAL & GENERAL : appoints Tanu Chita to lead strategy to deploy DC Pension money into VC ..
09/22LEGAL & GENERAL : Ramifications And Recourse Of Medical Ill-Advice Regarding COVID-19 Vacc..
09/22LEGAL & GENERAL : agrees a ú250m buy-in transaction with the Selecta UK Pension Plan
09/15Energy Investors Releases Blueprint Report To Tackle Climate Change
09/15LEGAL & GENERAL : ú5.3 billion lost from over 50s retirement pots throughout the course of..
09/15LEGAL & GENERAL : Tax-free cash putting retirements at risk
09/09LEGAL & GENERAL : LGIM's Industrial Property Investment Fund raises ú150m, affirming conti..
09/09LEGAL & GENERAL : LGIM appoints Head of Institutional Sales for Asia
09/07LEGAL & GENERAL : The number of ‘property millionaire areas' in England & Wales incr..
09/07LEGAL & GENERAL WELLBEING AT WORK BA : Line managers in SMEs calling for greater recogniti..
More news
Analyst Recommendations on LEGAL & GENERAL PLC
More recommendations
Sales 2021 59 567 M 81 863 M 81 863 M
Net income 2021 1 979 M 2 720 M 2 720 M
Net Debt 2021 1 114 M 1 531 M 1 531 M
P/E ratio 2021 8,42x
Yield 2021 6,54%
Capitalization 16 653 M 22 871 M 22 886 M
EV / Sales 2021 0,30x
EV / Sales 2022 0,26x
Nbr of Employees 10 099
Free-Float 97,3%
Duration : Period :
Legal & General Plc Technical Analysis Chart | LGEN | GB0005603997 | MarketScreener
Technical analysis trends LEGAL & GENERAL PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 280,60 GBX
Average target price 318,81 GBX
Spread / Average Target 13,6%
EPS Revisions
Managers and Directors
Nigel David Wilson Group Chief Executive Officer & Executive Director
Jeff Davies Group Chief Financial Officer & Executive Director
John Kingman Chairman
Lesley Mary Samuel Knox Independent Non-Executive Director
Philip Arthur John Broadley Senior Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LEGAL & GENERAL PLC5.41%22 747
BLACKSTONE INC.94.14%82 609
KKR & CO. INC.57.08%37 081
AMUNDI10.55%17 549