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For clients who wish to release some equity from their home now and in the future

Flexible Lifetime Mortgage

With pension income often being less than hoped for, and the cost of living still on the rise, it can be difficult to set money aside for special occasions, or savings to fall back on should their circumstances change.

Our Flexible Lifetime Mortgage lets your client borrow a percentage of their property value, in the form of a set lump sum initially, with guaranteed access to further withdrawals, should they need it. Your client could use this to fund their grandchildren through university, to pay for that special family occasion or to cover any sudden changes in circumstances, giving your client the security of knowing they can borrow more if and when needed.

Cover features

  • No interest payments are required throughout the life of the loan
  • The minimum we will lend to start with is £10,000
  • You can take withdrawals of £2,000 or more when you need them up to the amount of your maximum loan.
  • A maximum loan amount is set up at the same time as the initial loan
  • Guaranteed access to further withdrawals
  • Interest is fixed throughout the loan

Important information

  • There may be a charge for early repayment in the first 10 years
  • The maximum you can borrow depends on your age and the value of your property with LV=, this ranges from 20% of your property value if you’re 60, to a maximum of 50% if you’re aged 90-95.
  • Each time your client makes a withdrawal, it will be based on the interest rate and their age at that time
  • The maximum loan facility is guaranteed for 15 years

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.

Fixed interest

The interest rate is fixed for the life of the loan. Interest is compounded annually and added to the loan. Please remember that the loan plus interest can add up very quickly. Each individual withdrawal may have a different interest rate, as it will depend on the interest rates available at the time of the withdrawal.


AER (fixed)

Monthly equivalent

Overall cost for comparison (APR)




The example used to calculate the APR is: a loan amount of £40,000, total fees of £1,447, a discharge fee of £125 and a 15 year term.

Interest is compounded annually. We charge interest daily to calculate the amount owed if a repayment is made part way through a year.

Rates correct as at 22 August 2019.

How to buy

Find out if your client is eligible

To get a quote call the LV= Equity Release Desk on 0800 028 8974

To apply for a Flexible Lifetime Mortgage, please download an Application form.

0800 028 8974

TextDirect: first dial 18001

8.30am - 5.30pm Monday - Friday

We will record and/or monitor calls for training and audit purposes.


Our awards

Financial Adviser 5 Star Service Awards for the last three years – Mortgage Lenders and Packagers

Our ratings

Moneyfacts 2020 annual assessment of the equity release market:

  • 5 Star Flexible Lifetime Mortgage
  • 4 Star Lifetime Mortgage Lump Sum+
Moneyfacts 2020 Equity Release 5 star logo
Moneyfacts 2020 Equity Release 4 star logo

Defaqto 2020 annual assessment of the equity release market:

  • 5 Star Flexible Lifetime Mortgage
  • 5 Star Lifetime Mortgage Lump Sum+
Defaqto Equity Release 5 star logo

This means that if you're advising consumers on our equity release products, we have a high rating for the quality of our product features.

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Lifetime Mortgage

If your client doesn't need the guarantee of borrowing more in the future.

More on our Lifetime Mortgage

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By working with us, you will get the support you can expect from a respected provider.

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We've won a range of awards for the service and quality of our Equity Release products.

More on the awards we've won

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Contact our equity release specialists

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LV=, County Gates, Bournemouth, BH1 2NF, UK