Existing customers please call0800 028 8974
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Equity release

Unlock cash from your home and enjoy a more comfortable retirement 

So what is Equity Release?

Let's explain...

  • Equity Release allows you to release tax-free cash which is secured against the value of your home, without having to move.
  • It isn’t necessarily suitable for everyone, that's why all Equity Release business is advised. You'll need to contact a specialist Equity Release Adviser and an independent solicitor. You can find a list of these on the Equity Release Council website.


Sound like something you'd be interested in?

Here are some considerations worth thinking about...

Advantages and disadvantages of equity release

The type of Equity Release that LV= offers is lifetime mortgages. To understand the features and risks, please ask for a personalised illustration


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  • You can release money from your property to help you in retirement, without having to move out of it
  • You can continue to live in your home for as long as you like, until you die or go into long-term care, as long as you adhere to the terms and conditions of the mortgage
  • You will still own your home, meaning you could benefit if there were future rises in property values
  • You could maximise your loan by choosing a one off lump sum
  • You could choose to set up an initial loan amount and at the same time set up a maximum loan to draw from in the future
  • You could spend the money on some necessary home improvements, a dream holiday or improving your standard of living. The choice is yours
  • You may be able to release more equity in the future if you need to
  • You can borrow from £10,000
  • As we're a member of the Equity Release Council, all of our products include a no negative equity guarantee, which means in the future you won’t owe more than the value of your property


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  • The loan plus interest can grow very quickly - there’ll be less, and in some cases, no inheritance to leave to family, so it’s a good idea to involve your family in the decision-making process
  • If you release cash from your home it may reduce your right to state benefits, now and in the future
  • If property values fall, the value of any remaining equity left in your home would also fall
  • You'll have to pay an early repayment charge if you choose to repay the mortgage in the first eight years with one of our Lump Sum Lifestyle or Drawdown Lifestyle products. If you choose either our Lump Sum+ or Drawdown+ products, an early repayment charge will be incurred if the mortgage is repaid in the first ten years.
  • You may not be able to borrow more money against your home in the future

Important information about Lifetime Mortgages

Here’s the need to know info, so you have the full picture

  • Releasing cash from your home will reduce the value of your estate and may affect your entitlement to state benefits
  • You are not required to make repayments, therefore the loan plus interest can grow very quickly (our products do not require any repayments)
  • To understand the features and risks ask your equity release adviser for a personalised illustration

Choosing the most suitable product will depend on a number of considerations, including:

  • How much equity needs to be released and in what form
  • The value of the property
  • The age of the homeowner
  • How much, if any, the homeowner wants to leave as an inheritance

Make an ENQUIRY 

If you are an existing lifetime mortgage customer with us please call:

Mon to Fri 8:30am-6pm

For TextDirect: First dial 18001

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


To start an equity release enquiry, contact your independent financial adviser, or find one specialising in equity release through the Equity Release Council (ERC).

Our Lifetime Mortgage products

We know your home is important to you, that’s why our lifetime mortgages are clear and straightforward

Our Lump Sum Lifetime Mortgages

If you need to release equity for a specific one off expense such as home improvements or to pay university fees, it may be better to borrow a one off lump sum.

Our Drawdown Lifetime Mortgages

Specifically designed for people who wish to release some equity from their home now and expect to want to borrow more in the future.

Alternatives to a lifetime mortgage

Remember, lifetime mortgages aren't for everyone, so it’s important to consider all options first

Other options could include:

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  • Selling your home and buying a less expensive property could lead to your new home being mortgage free
  • Using savings or other investments
  • Checking that you are claiming all the state benefits that you’re entitled to
Your equity release adviser will help you consider these and other alternatives

For more information about equity release, please contact the Equity Release Council

Visit the Equity Release Council website