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

Flexible Lifetime Mortgage

Flexible Lifetime Mortgage at a glance

Unsure if the product is right for your client? Our table below sets out our product at a glance to help you make an informed comparison.

Flexible Lifetime Mortgage

Type of loan

Lump sum (with facility to draw-down further lump
sums up to the maximum loan)

Entry qualification

Single borrower or joint borrowers


Must be a UK resident, with a property in mainland
England (including Isle of Wight), Scotland and Wales
(including Anglesey)

Minimum age attained at entry


Maximum age attained at entry


Minimum 'Maximum loan'


Minimum withdrawal

£10,000 initially, and £2,000 for each subsequent

Minimum property value


Guaranteed details

Maximum loan is guaranteed for fifteen years

Withdrawal frequency

As requested (but cannot be more than once per
calendar month) until maximum loan runs out, or
fifteen years from start of loan

Early repayment charges

Your client can choose to pay the mortgage back early - however, if they choose to do this within the first ten years, there is an early repayment charge.

Year of early repayment

% of the amount repaid







Early repayment charges do not apply if:

  • The borrower moves house and transfers their mortgage to the new property
  • The last surviving borrower dies
  • The last surviving borrower moves permanently into long term care
  • The total debt is reduced or full repaid using the money from the insurance company following damage to the property


Minimum withdrawal: £2,000

Frequency: On request (but no more than once per calendar month). Withdrawals can be made at any time until the maximum loan runs out, or 15 years from the date we sent your client their starting loan.

The interest rate for each withdrawal will be the rate we’re offering at the time that your client makes the withdrawal so each one may have a different interest rate. The rate is also dependant on your client’s age at the time of making a withdrawal. There are no additional charges for taking withdrawals; all the costs are covered up front.

If you’re unsure if the product is right for your client, you can speak to the LV= Retirement Desk on 0800 028 8974 or email us at [email protected] and we’ll be happy to help.

For TextDirect dial 18001 first. Lines are open Monday to Friday 8.30am to 5.30pm. We will record and/or monitor your calls for training and audit purposes.

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 2019 annual assessment of the equity release market:

  • 5 Star Flexible Lifetime Mortgage
  • 4 Star Lifetime Mortgage Lump Sum+
Moneyfacts 2019 Equity Release 5 star logo
Moneyfacts 2019 Equity Release 4 star logo

Defaqto 2019 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.

View the support available to you

Awards icon


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 us

Find your dedicated support for quotes, help and product information

Contact our equity release specialists

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