Legal & General have plans to enter the equity release market and announce they plan to build five new towns over the next 10 years at a cost of up to £5bn.

Nigel Wilson, L&G chief executive says the best way to address the housing crisis is with the construction of new homes.

“If we can bring communities with us and agree planning, we’d like to help build several new towns across the country. We’re already developing towns within cities, in partnership with enlightened local authorities and boroughs.”

Furthermore now that regulation is clearer, L&G plan to enter the equity release arena providing good value products that will help to grow this market.

Call us now on 01204 884545 for more information on Equity Release Plans

You can use our calculator to work out how much equity you can release here