LV= Equity Release
Introduction
We’ve been helping people enjoy their retirement since 2002. Our lifetime mortgage products have received Defaqto and Moneyfacts ratings:
- Lifetime Mortgage Drawdown+ – 5 Star Defaqto Rating 2023
- Lifetime Mortgage Lump Sum+ – 5 Star Defaqto Rating 2023
- Lifetime Mortgage Drawdown+ – 5 Star Moneyfacts Rating 2022
- Lifetime Mortgage Lump Sum+ – 4 Star Moneyfacts Rating 2022
Key Features:
Added value for clients
We understand that later life is a lot more than just financial security. That’s why we offer two non-contractual benefits – LV= Doctor Services and Care Navigator.
LV= Doctor Services is an online consultation service that gives your clients fast and convenient access to medical services provided by Square Health, via a simple online app.
Care Navigator helps clients navigate their way through the care system, LV= has teamed up with MorganAsh to offer clients Care Navigator who provide a specialist support and guidance for those looking for help with their care needs.
LV= Doctor Services, and the services available through LV= Care Navigator are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority and are non-contractual benefits which and can be removed or changed at any time.
Both products are available on our Equity Release Online Portal, so you can submit business and track cases quickly and easily. The portal 24/7 instant access with fast and efficient application management – giving you and your clients answers sooner.
To get a quote or discuss any pre-application enquiries, call the LV= Equity Release Desk on 0800 028 8974 (option 1) or email them at equityrelease.sales@lv.com
To find out more about our Lifetime Mortgage products, visit our website here.
Lifetime Mortgage Drawdown+
- The minimum we will lend to start with is £10,000
- Further withdrawals are on request but not more than once per calendar month with a £1,500 minimum.
- Roll-up mortgage
- Additional borrowing beyond the agreed reserve may be available (not guaranteed)
- Interest rate fixed for each drawdown
- Maximum total lending of up to £2,000,000
- Unlimited repayments per year totalling up to 10% of total advances from day one, free of any early repayment charge. Minimum repayment amount £50
- Free valuations with no limit (does not include additional borrowing)
- Early repayment charges end 10 years after completion of the initial loan
Lifetime Mortgage – Lump Sum+
- Maximum lending of up to £2,000,000 (minimum loan £10,000)
- Free valuations with no limit (does not include additional borrowing)
- Roll-up mortgage
- Additional borrowing may be available (not guaranteed)
- Interest rate fixed for life
- Fixed early repayment charges ending after 10 year
- Unlimited repayments per year totalling up to 10% of the original loan amount from day one, free of any early repayment charge. Minimum repayment amount £50
- Downsize protection included for full repayment from year five onwards.
NEW FLOOD-CHECK TOOL
To make things even easier, LV= has created a new flood checking tool, which will give you a reasonable indication whether your clients’ property will meet their lending criteria regarding flood risk before submitting the application, so you can manage their expectations.
Registration Process:
Setting up an Agency
You’ll need to agree to the terms of business by setting up an agency with LV=.
If you already hold terms of business with LV= please email your request to lv.agency@lv.com.
For new directly authorised firms LV= work with ORIGO to provide a streamlined application process. By partnering with them, they can offer a consistent experience that may be used to when joining other providers.
Visit the website to set up an agency
Contact details:
All enquiries should be directed through our LV= Equity Release Desk on 0800 028 8974 (option 1) or email.
- Pre-application enquiries – equityrelease.sales@lv.com
- New business application enquires – newbusiness.equityrelease@lv.com
- Post-completion case enquiries – equityreleaseservicing@lv.com
Get in touch with us today.
Need criteria support? Contact the experts on our Broker Support Team.
