Pensions and Retirement Frequently Asked Questions

What is a lifetime mortgage?

Answer

We strongly believe that our members get the best outcome having spoken to one of our friendly advisers. We do not ask for an upfront fee for our advice, this is provided at our cost.

What we do ask for is 45 minutes to an hour of your time, and during which we will explore your financial circumstances and establish a good understanding of your needs, objectives and priorities for your retirement. Once we have a good understanding of your situation, we will endeavour to provide a solution that will meet your short term objectives as well as protecting your long term needs.

We will provide you with a suitability letter outlining our thoughts and highlighting any risks to your retirement. If you agree with our recommendations and would like to proceed, you will be charged a fee to transact. Your LV= adviser will be able to discuss this in more detail.

You can pay for advice in cash, or straight from your pension savings - making receiving advice achievable even if you don’t have the money in the bank. Don’t forget, the Pension Advice Allowance could release up to £1,500 tax free from your pension pots to help towards the cost of advice.

Still haven't found what you were looking for?