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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

Types of equity release

There are two main types of equity release scheme:

  • You can either take out a loan against the value of the property. In most cases, these don’t usually require any repayments until the property is sold. This is known as a lifetime mortgage.
  • You can sell all or part of your property known as a home reversion plan in exchange for a lease for life and a cash lump sum.

Making the right choice

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

  • How much equity needs to be released.
  • The value of the property.
  • What the need is, for example a cash lump sum.
  • The age of the homeowner.
  • How much, if any, the homeowner wants to leave as an inheritance.
  • Whether prepared to give up full ownership of their home.

Things to consider:

  • Releasing cash from your home will reduce the value of your estate and may affect your entitlement to state benefits.
  • Think carefully before securing other debts against your property.
  • If you’re not required to make repayments, the loan plus interest can grow very quickly.

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

Our lifetime mortgage products

At LV= we know that your home is very important to you. That’s why our lifetime mortgages are designed to be clear and straightforward.

Lifetime Mortgage – Lump Sum+

If you need to release equity for a specific expense such as home improvements or to pay university fees, it may be better to borrow a one off lump sum without agreeing a maximum loan.

Find out more about the lump sum+ Lifetime Mortgage

Flexible Lifetime Mortgage

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

Types of equity release comparison

The table below will help you understand the differences between an LV= Lifetime Mortgage - Lump Sum+ and an LV= Flexible Lifetime Mortgage.

Lifetime Mortgage - Lump Sum+

Flexible Lifetime Mortgage

Tax-free cash lump sum


Borrow from £10,000 upwards


Interest compounded annually (not monthly as in many other plans)


Loan set aside for you to drawdown from as and when you choose to


Interest charged on money you release


Typically no monthly repayments


Interest is repaid from the final sale proceeds of the property

Retain full ownership of your home IncludedIncluded

‘No negative equity’ guarantee


Plan can be transferred if you move house


Able to release further funds in the future


Alternatives to a lifetime mortgage

Alternatives to a lifetime mortgage

Whatever your particular reason for wanting extra cash, remember lifetime mortgages are not right for everyone, so before you go ahead it’s important to have considered the alternatives.

Options could include:

  • Selling your home and buying a less expensive property. Although this may mean you moving to a different area or having a little less space, and paying the moving costs, your new home could be mortgage free.
  • Using savings or other investments.
  • Checking that you are claiming all the state benefits that you’re entitled to.

Your equity release specialist will help you consider these and other alternatives.

As members of the Equity Release Council we’re bound by their Statement of Principles, a group of safeguards and guarantees that give you confidence in the products we offer and the information you receive.

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

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