LV= Personal
LV= Adviser

Lifetime Mortgage Lump Sum+:

Download documents
Quote & Apply
Servicing
SkipNav
LV= Adviser Centre for Intermediaries
  • Contact us
  • Search
  • Login
  • Register

Search

  • Investments
    • Smoothed Managed Funds
      • Overview

        • Smoothed Managed Funds
        • Smoothing explained
        • Fund management
        • Risk ratings
      • More

        • Quote & apply
        • Servicing
        • With-Profits
    • LV= ISA
      • More

        • LV= ISA
        • Quote & apply
        • Servicing
    • Smoothed Bond
      • More

        • Smoothed Bond
        • Quote & apply
        • Servicing
    • Smoothed Pension
      • More

        • Smoothed Pension
        • Quote & apply
        • Servicing
    • LV= TIP
      • More

        • LV= TIP
        • Quote & apply
        • LV= TIP valuation
  • Retirement
    • Pensions
      • Products

        • Smoothed Pension
        • Personal Pension
        • Self Invested Personal Pension
        • Drawdown Pension
      • More

        • Quote & apply
        • Servicing
        • Discretionary Fund Management
        • LV= Banks
        • Fund centre
        • Investment fund watchlist
        • ESG & risk rated funds
    • Fixed Term Annuity
      • Products

        • Fixed Term Annuity
        • Protected Retirement Plan
        • Guaranteed Income Drawdown
      • More

        • Quote & apply
    • Equity Release
      • Products

        • Equity Release
        • Lifetime Mortgage Lump Sum Plus
        • Lifetime Mortgage Drawdown Plus
      • More

        • Equity Release Portal
        • Equity Release Council
        • Equity release calculators
        • Marketing support
        • Equity Release Account Managers
        • High value lending hub
  • Protection
    • Personal Protection
      • Products

        • Income Protection
        • Life and Critical Illness
        • Life Protection
        • Personal Sick Pay
        • Family Income Benefit
        • Mortgage and Rent Cover
        • Gift Inter Vivos
      • More

        • Flexible Protection Plan
        • Income Protection Solutions
        • Quote & apply
        • Protection Progress Hub
        • Pre-underwriting tool
        • Tools & calculators
        • Why Income Protection
    • Business Protection
      • Products

        • Relevant Life Cover
        • Key Person Cover
        • Share & Partnership Protection
        • Executive Income Protection
      • More

        • Quote & apply
        • Tools & calculators
        • Business Protection & Trusts
        • Tax treatment
        • Why Business Protection
  • Supporting You
    • Knowledge centre
      • More

        • Knowledge centre
        • Webinar and video library
        • Protection webinar calendar
        • News hub
        • Wealth and Wellbeing hub
        • Article library
        • Fuel for Life
        • Reaching Resilience
        • Advisory board
    • Claims
      • More

        • Claims
        • Our approach to claims
        • Protection pays
    • Underwriting
      • More

        • Underwriting
        • Underwriting misrepresentation
    • Trusts
      • More

        • Trusts
        • Types of trusts
        • Trust Registration Service - FAQs
    • Protection large case team
    • Vulnerable customers
    • Suitability letter builder
    • Portals and integration
      • Overview

        • Savings and Retirement Adviser Portal
        • Online services
        • Third party portals
    • Setting up an Agency
    • LV= today
    • Consumer Duty
      • More

        • ProtectionNew
        • Savings and RetirementNew
        • Equity ReleaseNew
  • Supporting Your Client
    • Why LV=
      • More

        • Mutual bonus
        • Exit bonus
        • Our awards
    • Member benefits
      • More

        • Legal Advice Line
        • LV= Doctor Services
        • Care Navigator
  • Document Library
  • Lifetime Mortgage Lump Sum+
  • At a glance
  • Key features
  • Lending limits and fees

Lifetime Mortgage Lump Sum+

Releasing equity for future plans

Get a quote and apply
couple-cat-looking-map
  • Home
  • Equity Release
  • Lifetime Mortgage Lump Sum+
  • 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 95.
    • Additional borrowing may be available (it is not guaranteed).
    • Maximum lending of up to £1.5million.
    • 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 repayments of minimum £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.
    Read the product details

    Rates

    The table shows the rates based on LTVs available for a 70 year old. For other LTVs and ages, please use our Lifetime Mortgage Lump Sum+ calculator.

    The rates above will apply for initial borrowing only.The actual rates shown in your personalised KFI will be based on age and LTV.

    The interest rate applied to any further advances will be dependent on both the total LTV and prevailing interest rates at the time of the advance and is likely to be higher than the rate applicable to new customers.

    On a joint life basis, the interest rate for the lowest age will apply.

    Interest is compounded annually meaning it continues to roll up as future interest is added on top. We charge interest daily to calculate the amount owed if a repayment is made part way through a year.

    LTV scale at age 70AER (fixed)Monthly equivalent
    23%6.45%6.27%
    24%6.80%6.60%
    25%6.80%6.60%
    26%6.80%6.60%
    27%6.95%6.74%
    28%6.95%6.74%
    29%6.95%6.74%
    30%7.05%6.83%
    31%7.05%6.83%
    32%7.10%6.88%
    33%7.10%6.88%
    Rates dependent on age and LTV and correct as at 31 May 2023.

    Lifetime Mortgage Lump Sum+ calculator

    Identify the most cost-effective solution for your clients.
    Download Lifetime Mortgage Lump Sum+ calculator

    Important information

    Being aware of the options available is crucial – here are some important things you should know about our Lifetime Mortgage Lump Sum+.
    • 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.
    • Further cash advances 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.
    Tool spanner

    LV= Equity Release Portal

    Our online portal puts people first, not paperwork. You can obtain personalised illustrations and submit new business applications through the portal.
    Launch the LV= Equity Release Portal
    Moneyfacts 4 star defaqto 5 star awards

    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. 
    Pill bottle next to a phone displaying a stephoscope

    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.

    More on LV= Doctor Services

    Calendar, document with a £ sign behind a coin stack

    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.

    More on Care Navigator

    Contact Phone

    Let's talk

    0800 028 8974

    8.30am - 5.30pm Mon-Fri

    TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.

    Cookie settings
    Legal
    Cookie Consent
    Data Protection
    Sitemap
    ALT Text

    For UK Financial Advisers only

    Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237. County Gates, Bournemouth, BH1 2NF, UK