0800 028 8974 (option 1)
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[email protected]
LV=, County Gates, Bournmouth, BH1 2NF

LV=

LV= is a leading provider of Lifetime Mortgages, helping people live better lives after unlocking capital from their home.

With an ER1 qualified sales team, at the heart of LV=’s business is building meaningful and long lasting relationships with advisers, so they ensure doing business with them is as flexible as possible.

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
Roll-up mortgage with interest rate fixed for life or fixed for each drawdown

Lump Sum Lifetime Mortgage maximum lending up to £1 million.

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.