PENSIONS AND RETIREMENT FREQUENTLY ASKED QUESTIONS

How much can I borrow?

The maximum you can borrow depends on your age and the value of your property.

With LV=, our Lump Sum+ product allows you to borrow a lump sum as a one-off payment. The maximum you can borrow ranges from up to 27% of the value of your property if you are 60, to 55% if you are 95.

Under our Lifetime Mortgage Drawdown+ product, 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. This way you'll only be borrowing, and therefore accruing interest on, the amount you actually need. The maximum you can borrow ranges from up to 27% if you are 60, to 55% if you are 95.

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