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Allows your client to release a sum of money against the value of their home, whilst continuing to live in it

Lifetime Mortgage - Lump Sum+

Lifetime Mortgage - Lump Sum+ 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.

Lifetime Mortgage - Lump Sum+

Type of loan

Lump sum


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 starting loan


Minimum property value


Loan to Value Scale

The maximum loan to value is determined as a percentage
of the property value, using the age of the youngest

Find our loan to value scale here

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 fully repaid using the money from the insurance company following damage to the property
  • A borrower (on a joint mortgage) passes away or moves into long term care and a repayment is made within 3 years of the date of death or move.
  • 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

If you’re unsure if the product is right for your client, you can speak to the Equity Release Desk on 0800 028 8974 or email us at [email protected] and we’ll be happy to help. Our lines are open from 8.30am to 5.30pm Monday to Friday. For TextDirect, first dial 18001.

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
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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

Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237. County Gates, Bournemouth, BH1 2NF, UK