How to register with this lender as a new user
How to add the Mortgage Club as a payment route
Simply select the L&G mortgage club as a submission route when producing a KFI within the portal.
How to register with us
You’ll need to agree to the terms of business by setting up an agency with LV=.
If you already hold terms of business with LV= please email your request to lv.agency@lv.com.
For new directly authorised firms LV= work with ORIGO to provide a streamlined application process. By partnering with them, they can offer a consistent experience that may be used to when joining other providers.
How to contact this lender
Click here to get a quote or to discuss any pre-application enquiries, call the LV= Equity Release Desk on 0800 028 8974 (option 1) or email them at equityrelease.sales@lv.com
To find out more about our Lifetime Mortgage products, visit our website here
Procuration Fees
| Fee received from lender (Gross fee) | We'll pay you (Net fee) | |
|---|---|---|
| All products | 1.750% + £75 | 1.750% |
| Drawdown | 1% +£75 | 1% +£75 |
Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.
Who we are
We’re one of the UK’s leading life and pensions mutual insurers, working closely with financial advisers, serving over 1 million members and customers. As an investment, protection and retirement specialist, we offer a range of products, services and advice, mostly available through financial advisers, to help members and customers protect their income while they’re working and maximise it when they stop.
It is through our work with UK financial advisers that the majority of customers will buy our products and services.
What we do
We offer the choice of four lifetime mortgage products to give you and your clients greater choice and flexibility in the equity release market.
All of our products are industry recognised by Defaqto, achieving a 5 Star Rating:
- Lifetime Mortgage Lump Sum+
- Lifetime Mortgage Drawdown+
- Lifetime Mortgage Lump Sum Lifestyle
- Lifetime Mortgage Drawdown Lifestyle
Reasons to choose LV=
Fixed and transparent early repayment charges (ERCs)
Our ERCs end after 10 years on our Plus (+) range, and after 8 years on our Lifestyle range.
On both of our Drawdown products, the ERC charging period is based on the completion date of the original loan, rather than the date of further withdrawals made.
Unlimited ERC-free repayments each year
From day 1, customers can choose to make an unlimited number of ERC-free repayments (minimum £50) totalling up to:
10% of the total advances borrowed* with our Lifetime Mortgage Lump Sum+ and Drawdown+.
Or
11% of the total advances borrowed* with our Lifetime Mortgage Lump Sum Lifestyle and Drawdown Lifestyle.
*Excludes additional borrowing
To help support your discussions of repayment options, we have designed an ERC calculator to help you illustrate to clients when ERCs apply and how they are calculated.