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Introducing two new features

Lifetime Mortgage - Lump Sum+

With almost half of all pensioners in the UK living on the breadline, it's possible that your client won’t be able to pay for much needed home improvements, or to send their grandchildren off to university.

Our Lifetime Mortgage - Lump Sum+ provides a cash amount, which can be used to pay for a specific expense such as home improvements, to pay off existing debts or to pay university fees. For many homeowners, equity release could be a solution.

Cover features

  • No interest payments are required throughout the life of the loan - the loan plus interest is repaid when your client dies or moves into long term care
  • Further advances may be available in the future
  • No negative equity guarantee
  • Clear and fixed early repayment charges
  • Excellent service and support

Important information

  • Further advances will depend on our lending criteria at the time
  • Your client can repay some or all of their mortgage at any time, but an early repayment charge may apply in the first 10 years
  • It's important that your client speaks with their family before taking out an Equity Release product, particularly any beneficiaries in their will
  • The interest rate is fixed for the life of the loan. Please remember that the loan plus interest can add up very quickly

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

Introducing two new features

Our changes include...

  • Up to 10% repayment each year with no early repayment charge (ERC) from year 2 onwards
  • Downsize protection included for full repayment from year 5 onwards*

*Terms and conditions apply

Refreshed Lifetime Mortgage Lump Sum+ underwriting criteria

  • We're now able to accept properties with extensions of up to 50% of the total floor space (including the extension)
  • We're now able to consider properties above commercial premises, so long as the property is not on the storey directly above. Type and concentration of commercial premises will be individually assessed
  • We've increased our maximum flat roof percentage to 50% where it is constructed from more modern and durable materials (but excluding felt)
  • We’ve simplified our service charge criteria for leasehold properties, introducing a cap of 1.5% of the property value*

*Leasehold sheltered accommodation still assessed on a sliding scale

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 the Lifetime Mortgage - Lump Sum+, please download an application form.

0800 028 8974

TextDirect: first dial 18001

8.30am - 5.30pm Monday - Friday

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


Our awards

The Equity Release Awards – Winner – Best Business Development Manager

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

Our ratings

Moneyfacts 2017 annual assessment of the equity release market:

  • 5 Star Flexible Lifetime Mortgage
  • 4 Star Lump Sum Lifetime Mortgage +

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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Need to borrow more?

Our Flexible Lifetime Mortgage gives your client the option to borrow more in the future.

More on our Flexible 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

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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 us

Find your dedicated support for quotes, help and product information

Contact our equity release experts

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