0800 028 8974 (option 1)
Visit Website >
www.lvadviser.com/contact-us
LV=, County Gates, Bournemouth BH1 2NF

LV=

LV= has been a leading Equity Release provider 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

Paid by Lender

To register and set up an agency with LV= click the link below.

TO login to LV's portal follow the login link below

Proc Fees

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

Key Features

Min age 60 – max age 95
Fixed early repayment charges ending after 10 years

£1.5m maxim lending for Lifetime Mortgage Lump Sum+ and Lifetime Mortgage Drawdown+ (including any additional borrowing )
Interest rate linked to age and LTV

How is LV= different:

They do a series of pre-application checks at quote stage to avoid nasty surprises down the line; helping advisers manage customer expectations.
They have a process in place to honour customer interest rates, even if the property has been down-valued by up to 10% from the original estimate.
They will hold the interest rate for the customer for up to 75 working days to provide certainty and a smooth customer journey.

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*
Flexible repayments of up to 10% of the original loan amount after the plan has been running a year*
LV= Doctor Services – six expert medical services for customers provided at no additional cost

LV= Doctor Services is provided by Square Health Limited. This service is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. This service is a non-contractual benefit and can be changed or removed at any time.
*terms and conditions apply

Register

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.

Lifetime Mortgage – Lump Sum+

Maximum lending of £1m (we will consider on a case by case basis lending to up to £1.5m)
Additional borrowing may be available (non-contractual)
£595 application fee

Update on Flexible Lifetime Mortgages

From 30 June 2020, LV= has withdrawn their Flexible Lifetime Mortgage product for new business. They will however be launching a new lifetime Mortgage Drwadown+ product soon, so watch this space.

Access to their cash reserve is still guaranteed under their Terms & Conditions.
They should continue to contact LV= as normal if they wish to request a withdrawal.
If your client has exhausted their cash reserve and needs access to additional funds, they can still apply for additional borrowing as before.

To get a quote of discuss any pre application enquiries call the LV= Equity Release Desk on 0800 028 8974 or email them on [email protected]

Brand new Lifetime Mortgage Drawdown+

Lifetime MortgageDrawdown+

Min age 60 - max age 95
The minimum we will lend to start with it £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 lending of up to £500,000
Six repayments per year totalling up to 10% of total advances after 12 months. Free of any early repayment charge £695 application fee

Both LV= products are available on their new LV= Equity Release Portal, so you can submit business and track cases quickly and easily. The new portal offers an intuitive, 24/7 instant access with fast and efficient application management. The LV= Equity Release Portal allows 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.