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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

How to apply for a lifetime mortgage

At LV=, we want your lifetime mortgage application to progress as smoothly as possible. To help you, we explain below what happens at each step of the application process.

We try to complete your application as quickly as possible.

Process step

What we'll do

1. Application

As soon as we have your application, we'll send you a starter pack. We'll then check the application and ask you for anything else we need.

2. Valuation

One of our valuation partners will phone you to arrange a convenient time to come and value your property (we try our best to get these done within five working days).

3. Title search

Our solicitors will check with the Land Registry that all the property title details match those on your application.

3a. Registered property

Once our solicitors have checked all the details, they'll send us a report telling us we can go ahead.

3b. Unregistered properties

If you have lived in your property for a long time it might not be registered with the Land Registry. If this is the case our solicitors will ask you for the title deeds.

3c. If your property has a mortgage

If you already have a mortgage or a loan on your property, our solicitors will check how much is outstanding. They will also ask the lender for a redemption statement (this tells you how much you need to pay off the mortgage).

4. Mortgage offer

When we have everything we need we'll send you your mortgage offer and send a copy to your solicitor.

5. Completion

Our solicitors will carry out some final checks and we'll then send the money to your solicitor (less the application fee and money required to pay your existing mortgage).

Can I apply for an LV= Lifetime Mortgage?

You can apply for one of our Lifetime Mortgages if you meet all of the following conditions:

  • You are aged between 60 and 95. If you are applying as a couple the younger of you must be between 60 and 95.
  • Your property is worth £70,000 or more.
  • Your property is either a freehold or one with a long lease (minimum 80 years remaining).
  • Your property is in good condition and well maintained.
  • Your property is in mainland England, Isle of Wight, Scotland or Wales.

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