Lifetime Mortgage Lump Sum+:
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Lump Sum+ features
Your client’s home is likely their biggest asset. A lifetime mortgage can help unlock the equity tied up in their home – meaning they can achieve their objectives in later life.
There are many features available, including:
- No interest repayments throughout the life of the loan – the loan and rolled-up interest is repaid when your client dies or moves into long-term care.
- Minimum age 55 – maximum age 84.
- Additional borrowing may be available (it is not guaranteed).
- Maximum lending of up to £1,000,000.
- For joint mortgages, ERC free repayment within 3 years of first death or move into long term care.
- Interest rate linked to age and LTV.
- A ‘No Negative Equity’ guarantee.
- Fixed early repayment charges ending after 10 years.
- Unlimited number of repayments with a minimum of £50 totalling up to 10% of the original advance each year, free of any early repayment charge.
- Downsize protection included for full repayment from year five onwards.
- Support your clients and their families with LV= Doctor Services and Care Navigator, our added value benefits.
Product details
Find product details, loan amounts and repayment charges here.
- Your client can repay some or their entire mortgage at any time, but an early repayment charge may apply in the first 10 years.
- The interest rate is fixed for the life of the loan. Please remember that the loan plus interest can add up very quickly.
- Additional borrowing will depend on our lending criteria at the time.
- It's important that your client speaks with their family before taking out an Equity Release product, particularly any beneficiaries in their Will.
- This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.
Updates to our application process
Please note that applicants will have 30 days from submitting a full application to progress to offer in order to qualify for the illustrated product rate.
The offer will be withdrawn by LV= if not completed within 90 days of the offer date.
In the event either timescale is exceeded, we will refer the applicant back to their adviser. Their chosen product may no longer be available meaning a new product may need to be selected from the range available at that time.
Highly rated for our Lifetime Mortgage Lump Sum+
Moneyfacts and Defaqto conduct an annual assessment of the market. As a result, our Lifetime Mortgage Lump Sum+ has been 5 Star rated and 4 Star rated.
Supporting your clients
Our support goes beyond offering quality lifetime mortgage products. We understand your clients – as their lives change, the need for quality and convenient medical services grow.
LV= Doctor Services gives your client and their spouse/partner, fast and easy access to medical services:
- Prescription services – clients can get a private prescription, without needing to visit their GP.
- Remote GP 24/7 – unlimited consultations with a UK doctor by phone or video.
- Second opinion – clients can check a diagnosis and get advice on treatment options.
- Remote physiotherapy – clients get free sessions with a trained UK physiotherapist.
- Discount health MOTs – 25% off services that identify health risks, offering areas for improvement.
- Psychological services – clients get free sessions of mental health support, from counselling to Cognitive Behavioural Therapy.
LV= Doctor Services is a non-contractual benefit which can be changed or removed at any time.
Care Navigator
Considering care options can be stressful. To help your clients navigate the care system, we’ve partnered with MorganAsh to offer Care Navigator.
- Designed to help people looking for care options later in life.
- Provides specialist support and guidance for those facing the challenge of care needs, for your client or their loved ones.
- 10% discount on the services offered.
- Free, no obligation initial consultation.
Let's talk
0800 028 89748.30am - 5.30pm Mon-Fri
TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.