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Typically, our Lifetime Mortgage Lump Sum Lifestyle is suitable for clients who:
Our Lifetime Mortgage Lump Sum Lifestyle is not designed for clients who:
For further information read our Equity Release Product Profile.
Claire has had a successful career as a solicitor. She’s divorced and lives in South West England – her detached home is worth £500k, and is mortgage free. She’s been enjoying her retirement for a few years, spending time with her family and making time for hobbies. Claire’s health has recently started to deteriorate and paying for in-house care to keep her independence is proving costly, impacting her savings. She is very proud and mentally well, but her physical health means she needs a lot of help.
Our Lifetime Mortgage Lump Sum Lifestyle would help Claire to cover home alterations and medical bills for ongoing care costs. She can also raise the cash without the need to move house, downsize or go into a long-term care home. Claire can also benefit from our wellbeing support with LV= Doctor Services and Care Navigator, any time she needs.
We’ll lend to an applicant who:
For more information, please refer to our Lending Policy Guide.
Your clients can stay in their home - as long as it’s their legal right, and they meet the terms and conditions of their mortgage.
Your clients need to understand how the terms and conditions of their lifetime mortgage will affect them. They'll need to:
If your client is living with their partner, civil partner, or spouse, they'll both need to be named on the property deeds and in their Lifetime Mortgage Lump Sum Lifestyle application.
Your client can move when their lifetime mortgage is up and running. The new home will need to meet our lending requirements at that time.
We’re a member of the Equity Release Council. Their standards aim to protect your clients through their code of conduct. That’s why we’re clear on our offering – with additional features and safeguards to our lifetime mortgage products.