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LLB Later Life Borrowing

Releasing equity from a second or holiday home

Some lenders will offer a lifetime mortgage on a second home or a holiday home, as long as it is in the UK and not let out commercially or used as a holiday rental. The release is based on the value of that property and your age, the same way it works on your main home. This tool gives a rough estimate.

Lenders that allow second homes are fewer in number, so the maximum release may be lower than on a main residence. The property usually cannot be a commercial holiday let.

Estimated maximum release

£84,000

Release 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.