Pensions and Retirement Frequently Asked Questions

How much can I borrow?

Answer

The maximum you can borrow depends on your age and the value of your property. With LV=, our Lump Sum+ product ranges from up to 25% of the value of your property if you are 60, to 55% if you are 95, our Flexible Lifetime Mortgage product ranges from up to 20% if you are 60, to 50% if you are 95.

You can either borrow a lump sum as a one-off payment or you can choose to borrow a smaller amount initially and agree a maximum loan with us, which you can draw on from time to time over a 15-year period.

This way you'll only be borrowing, and therefore accruing interest on, the amount you actually need.

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