Later life lending - using your property to finance your retirement

More and more homeowners are discovering how their property value can work alongside their existing pension to finance retirement or purchase a new home. Having worked hard throughout your life, you have a number of lending options that can allow you to enjoy the lifestyle you deserve.

Our Later Life Lending Service

Royal London is customer-owned, so you can trust that your needs are at the heart of everything we do. We take pride in offering choice and have made sure that our partners work as hard as we do when it comes to providing the very best service.

We have chosen to partner with specialist broker Responsible Life to deliver the Later Life Lending Service. They have years of experience and success in helping their customers to consider their financial options and use their property to achieve their goals.

What products are available?

If you choose a mortgage with required repayments during your lifetime then your home may be repossessed if you do not keep up with the payments. A Lifetime Mortgage or Retirement Interest-Only Mortgage will impact the value of your estate and could affect your entitlement to means-tested benefits. Think carefully before securing other debts against your home. If your case completes Responsible Life will charge an advice fee, currently not exceeding £1,690.

Talk to our partner Responsible Life

Got a question about your later life lending options? The UK-based Responsible Life team are here to give you the information you need so that you can be sure you choose the right solution for you.

0800 023 9312

Lines are open Monday to Friday, 9am to 8pm and Saturday, 9am to 5pm, excluding bank holidays.

Or if you prefer, you can schedule an appointment for the Responsible Life Information Team to call you back.

Later Life Lending Service existing customers

Already borrowed with the support of the Later Life Lending Service? We can tell you where to get your questions answered.

Get more information Get more information

Royal London have chosen Responsible Life to provide our customers with advice on Later Life Lending products. The Royal London Mutual Insurance Society Limited has a 30% shareholding in Responsible Life and Responsible Lending (Responsible Group) and are part of the same group under FCA disclosure rules.

If you take out a product recommended by Responsible Life, Royal London Marketing Limited will receive a fee, for this introduction, based on a percentage of the eventual loan. If you would like further details about this fee, Responsible Life will be able to provide you with this. More information about Responsible Life and how your information is processed is available on their privacy notice. Find out how Royal London manages your personal data.

Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority, registration number 302391. Registered in England and Wales number 4414137. Registered office: 55 Gracechurch Street, London, EC3V 0RL.

Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/) under reference 610205. Responsible Life's registered office is: Mills Bakery, Royal William Yard, Plymouth, PL1 3GE. Registered in England & Wales. Company number 716225