LV=
LV=

LV=

LV= has been helping people enjoy their retirement with lifetime mortgages since 2002 and has a dedicated team of experts who are well-equipped to support you with your case-specific queries and technical questions.

Key Features

Proc Fees

Product Gross                  Gross Min/Max Net
Equity Release 1.50% + £25 per case 1.50%

Key Features

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    Min age 60 – max age 95
     

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    Fixed early repayment charges ending after 10 years

 
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    £1.5m maxim lending for Lifetime Mortgage Lump Sum+ and Lifetime Mortgage Drawdown+ 

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    Interest rate linked to age and LTV

How is LV= different:

  • Interest rate protection, should a property be down valued, providing it is within 10% of the original estimate, we will honour the interest rate applied for.

  • Offers valid for 75 days.

  • Pre-application support via the Sales Desk (off-portal) to support advisers with unusual or complex cases.

Their product ratings:

  • Lifetime Mortgage Lump Sum+ - 5 Star Defaqto Rating
  • Lifetime Mortgage Lump Sum+ - 4 Star Moneyfacts Rating
  • Lifetime Mortgage Drawdown+ - 5 Star Defaqto Rating
  • Lifetime Mortgage Drawdown+ - 5 Star Moneyfacts Rating

LV= lifetime mortgage products come with:

  • Fixed and defined early repayment charges ending after 10 years
  • Downsize protection option once the plan has been running for 5 years*
  • Unlimited flexible repayments of up to 10% of the original loan amount, from day 1 with a minimum of just £50*
  • Lifetime mortgage customers and their spouse/partner** are entitled to LV= Doctor Services. This 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.
  • To help your clients navigate the care system, LV= has teamed up with MorganAsh to offer customers access to Care Navigator, providing specialist support and guidance for those looking for help with their care needs.

LV= Doctor Services and Care Navigator are non-contractual benefits, which means we can change or remove them at any time. LV= Doctor Services is provided by Square Health Limited. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.
**A spouse/partner is a spouse, civil partner or person with whom the policyholder (or person insured) lives with at the same address.
*terms and conditions apply 

Register Lender-InfoBoxWhite

Register to place business with LV=:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

 

Lifetime Mortgage – Lump Sum+

  • Maximum lending of up to £1,500,000 (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 years
  • £595 application fee for loans below £50,000, zero application fee for loans of £50,000+
  • 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.

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 [email protected]

To find out more about LV=’s Lifetime Mortgage products, visit lvadviser.com/equityrelease

 

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 and £70,000 maximum

  • 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 £1,500,000
  • 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)
  • Currently, there is no application fee payable on this product
  • Early repayment charges end 10 years after completion of the initial loan

Both LV= products are available on their new LV= Equity Release Portal, allowing you to submit business and track cases quickly and easily. The portal offers intuitive, 24/7 instant access with fast and efficient application management. The portal enables you to track the progress of all your cases, store relevant documents safely in the online library and submit applications more quickly with no signatures – giving you and your clients answers sooner.