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How LV= is improving its lifetime mortgage range

Since 2002 our lifetime mortgages have been helping those in later life to live more confidently in retirement by achieving their financial goals.

From 10 December 2022, we’ve provided greater lending flexibility so that more of your clients can benefit from an LV= lifetime mortgage.

 

Changes to Lifetime Mortgage Drawdown+

  • Reduced minimum age to 55
  • Tenants in Common property ownership now accepted
  • Increased maximum loan amount now £2million*
  • Increased maximum property value now £6million
  • Introduced new Standard 4 borrowing level
  • No monthly withdrawal limit
  • No time restrictions on withdrawals following partial repayment
     

More about our Lifetime Mortgage Drawdown+

Changes to Lifetime Mortgage Lump Sum+

  • Reduced minimum age to 55
  • Tenants in Common property ownership now accepted
  • Increased maximum loan amount now £2million*
  • Increased maximum property value now £6million

More about our Lifetime Mortgage Lump Sum+

*Our specialists are on hand to support you with your high-value cases. Read more about our high-value specialists.
Tool form

Guide to Lifetime Mortgages

View and download our lifetime mortgage adviser guide

Important information

  • This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
  • Our equity release portal will allow you to submit an application for property values in excess of £6million, but they will be declined at underwriting stage as we’re unable to proceed with them at this time.
Contact Phone

Let's talk

0800 0288974 (option 1)

8.30am - 5.30pm Mon-Fri

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

Alternatively, email us at [email protected] to book a meeting