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Equity Release

Unlock the cash from your home and enjoy a richer retirement

  • Release tax-free cash from your home
  • Access a cash lump sum, a drawdown reserve of cash or both
  • Live in your home throughout your retirement
Man pushing a women in a wheelbarrow

What is equity release?

Equity release lets you release tax-free cash from your home, without having to move, which you can then spend on your garden or home, on a holiday, to treat family or friends or to make your retirement more comfortable.

Equity release is not necessarily suitable for everyone, that's why there are equity release specialists who are qualified to advise you on the products before you make a decision. It's a good idea to involve your family in the decision-making process because releasing money from the home will affect the amount that you will be able to leave in inheritance.

What are the advantages and disadvantages of equity release?

These are lifetime mortgages. To understand the features and risks ask for a personalised illustration.


  • You can release capital 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. This way you can benefit from any future rises in property value.
  • You can choose to have a cash lump sum, a drawdown reserve of cash or both.
  • You can set up an initial loan amount and at the same time set up a maximum loan to draw from in the future.
  • You can spend the money as you wish.
  • You can release more equity in the future if you need or if property prices rise.
  • You can borrow from £10,000.


  • The loan plus interest can grow very quickly - there’ll be less, and in some cases, no inheritance to leave to family.
  • If you release cash from your home it may reduce your right to state benefits, now and in the future.
  • The longer you live, the less equity you own (unless house prices grow more rapidly than the outstanding debt). If you live a long time, with a lifetime mortgage all the equity in the property could be wiped out. But, we're members of The Equity Release Council which means we guarantee no-negative equity on your property so you will never owe more than the property value.
  • If property values fall, the percentage of the property value that is accounted for by the lifetime mortgage may rise very quickly.
  • If you choose to repay the mortgage in the first ten years you'll have to pay an early repayment charge.
  • You may not be able to borrow more money against your home in the future.

LV= offer two equity release products:

Call the Equity Release Council on 0844 669 7085 for more information on equity release and how to find a lifetime mortgage specialist adviser near you

Existing customers

If you already have a Lifetime mortgage with us please call:

Call us

0800 028 8974
8.30am - 6pm Monday to Friday

TextDirect: 18001 0800 028 8974

We may record and / or monitor calls for training and audit purposes.

New customers

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

Equity Release Council logo
  • Ensure that products are safe and accessible
  • Set standards and safeguards to protect and reassure you
  • Protects you and works to increase your knowledge so you can make informed decisions
  • Visit the Equity Release Council website

Equity Release Council

We're members of The Equity Release Council, and guarantee no-negative equity on your property so you will never owe more than the property value.

Why choose LV=

  • 5 Star Award for our Equity Release Services from Moneyfacts in 2016 for our Flexible Lifetime Mortgage.

Product Information

  • Unlocking your capital
  • Enjoy a brighter tomorrow

Love Retirement

Take a look through our articles full of helpful ideas and inspiration to help you enjoy a happy retirement.