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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

Lifetime Mortgage - Lump Sum+

The Lump Sum+ Lifetime Mortgage is designed to let you release a sum of money, in the form of a loan from your property. The money could then be used to carry out some necessary home improvements or to improve your standard of living.

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.

Interest on the mortgage is calculated from the date your mortgage starts, using the fixed interest rate detailed in your mortgage offer. It’s added to the amount you owe daily and is compounded yearly from the date your mortgage starts until the loan is repaid.

Things to consider

  • You don’t actually pay any of this interest until the loan is repaid, which normally happens when you die or go into long term care.
  • As there is no guarantee of a maximum loan, our fees and interest rates are usually a little lower than for the Flexible Lifetime Mortgage.
  • The minimum lump sum we will lend is £10,000.

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.

Borrowing more

  • If you choose the lump sum option and decide later you want to borrow more this may be possible although it’s not guaranteed.
  • If you’re able to borrow more, the first two revaluations of your home will be free. This also includes two free applications to borrow more. There will be a charge for any further revaluations and an application fee will apply.
  • If you know already that you're likely to want to borrow more in the future, our Flexible Lifetime Mortgage might suit your needs better.

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