LV= introduces cashback offer for equity release applications
Savings and retirement specialist LV= is introducing a 1% cashback deal across its Drawdown+ and Lump Sum+ Lifetime Mortgages.
The initial cashback offer, available until 16th April 2021, will be paid to customers on completion. Customers can choose how to use the money, for example, reduce the size of the equity release loan or pay fees and other associated costs.
For Lifetime Mortgage Lump Sum+ customers, this offer is only available for loans over £50,000.
The cashback offer is the latest in a series of improvements LV= has made to its equity release products over the past 12 months.
During 2020, LV= launched a new drawdown product – Lifetime Mortgage Drawdown+. In addition, a new Equity Release Portal was launched, providing advisers with a smoother and quicker platform to submit and track lifetime mortgage applications online.