Equity Release from LV=
Unlock money from your home so that you can have the lifestyle you want in your retirement.
What is equity release?
Equity release lets you release money from your home, without having to move, which you can then spend on whatever you choose - a holiday, home improvements or simply to use towards a more comfortable retirement.
Generally, equity release products are only available if you're aged 55 or over and a homeowner.
The money you release can be in the form of a cash lump sum, a regular income or both.
For more information call
0800 202 8116
Lines are open Monday to Friday 9am - 5.30pm
Existing customers
0800 028 8974
Lines are open Monday to Friday 8.30am - 5.30pm
We may record and/or monitor calls for training and audit purposes. For textphone first dial 18001.
Quick guide to benefits
- You can release money from your home to help you in your retirement, now and some in the future.
- You can continue to live in your home until you die or go into long-term care.
- You can have access to a cash lump sum, a regular income or both.
- You can choose to set up an initial loan amount and at the same time set up a maximum loan to draw from in the future.
- Each time you make a withdrawal it will be at the appropriate interest rate at the time the withdrawal is taken and will be based on your age at that time.
- You can borrow from £10,000.
Important things to know
- If you release cash from your home it may reduce your right to state benefits now and in the future.
- If you're not required to make repayments, remember that the loan plus interest can grow very quickly.
- If you release equity from your home it will reduce the value of your estate when you die.
- If you make further withdrawals this will increase the amount borrowed against your home.
- You may not be able to borrow more money against your home in the future.
- If you choose to repay the mortgage in the first ten years you will have to pay an early repayment charge.
At LV= we have two types of equity release; the Lifetime Mortgage and the Flexible Lifetime Mortgage. These are Lifetime Mortgages. To understand the features and risks, ask for a personalised illustration.
Lifetime Mortgage | Flexible Lifetime Mortgage | |
|---|---|---|
Minimum age | 60 years | 60 years |
Maximum age | 95 years | 95 years |
Minimum loan | £10,000 | £10,000 |
Borrowing | Borrow a lump sum (a proportion of the value of the property). | Agree a lump sum to borrow upfront and make withdrawals from the loan at any time. |
LV= a name you can trust
We focus on retirement planning to help offer a brighter future for those who are planning retirement or are already in retirement.
We have a dedicated team of lifetime mortgage specialists and their role is to make sure your application goes smoothly. This team has been specialising in equity release since 2002 so you can be sure that you're dealing with a company that has a lot of experience in the field.
Don't just take our word for it - here are some of our awards:
- Defaqto rated the LV= Flexible Lifetime Mortgage 5 Stars for its features and benefits.
- Winner of the Your Mortgage 'Best Lifetime Mortgage Lender' in 2010/2011.
