Lifetime mortgage drawdown Request a drawdown Drawdown interest rates Could you release more money with your lifetime mortgage? Our Lifetime Mortgages give you the option to take less than the maximum amount you're eligible for when you take out the initial loan. If you’ve chosen to take less, you may be able to borrow more as and when you need it. The difference between the initial cash sum you've taken and the maximum amount you could take is called your Drawdown Facility. If you have a Drawdown Facility available, it’ll be shown on your annual statement and you could apply. Any additional borrowing will be secured against your home and will be based on the terms available from us at the time you apply. Things to consider What do I need to know before completing an online drawdown request? Applying for a drawdown Ready to apply for a drawdown? If you would like to apply to take a drawdown from your Drawdown Facility and have the required information available, it only takes about ten minutes to complete an online application. Please remember, availability of the Drawdown Facility is not guaranteed. Request a drawdown Common questions Collapse allExpand all How do I know how much is left in my Drawdown Facility? What if I have used all my Drawdown Facility or don't have one? Is my drawdown facility guaranteed? Can I take a drawdown if I have or need a Power of Attorney (POA)? Need help? Additional support is available If you have any further questions or would like to get some guidance and advice, before making any decisions. It's important you consider alternative options before releasing more money from your home. Retirement guidance Equity Release Council Legal & General Home Finance Ltd is a member of the Equity Release Council, a trade body setting standards for providers. Take a look at their consumer brochure for more details. Consumer brochure Go to the Equity Release website Contact us about drawdown Our dedicated customer services team are always happy to help with your questions or to help you apply. Call us on: 03330 048444 Monday to Friday 8.30am to 5.30pm. . We may record and monitor calls. Get independent advice You can't take out an equity release product unless you have taken financial advice. Find out how to access independent legal and financial advice. Find out more Facebook Instagram LinkedIn YouTube Twitter Accessibility Legal and regulatory information Privacy policy Cookie policy Security information Sitemap All our websites About us Making a complaint Group website Modern Slavery Statement Careers © Legal & General Group plc 2021 This Website uses Cookies We use cookies to make this website work, and to understand how you use it. This helps us to improve our service and your online experience. Cookies may also collect limited data about your interactions with websites that we may use to provide you with specific content, or to share relevant offers on other websites and social media. You can read our cookie policy to find out more about the cookies that we will store on your computer or device. You can easily customise your cookie settings at any time by using the link at the bottom of our website. For the best experience, we recommend that you accept all cookies. Customise Cookie Settings ✓ Accept All Cookies