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LV= offers lifetime mortgage cashback deal

by Kevin Rose
18 February 2021
LV=invests in ‘robo-adviser’ 
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LV= has unveiled a 1% cashback deal across its Drawdown + and Lump Sum+ lifetime mortgages.

The initial cashback offer, available until 16 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.

David Stevens, savings and retirement director at LV=, said: “Equity release is becoming an increasingly popular tool for retirement planning.

“The equity release market has grown over the past decade and consumers understand that it is an increasingly mainstream retirement planning option for people who want to unlock the value in their home to enjoy the retirement they want.

“We have listened to feedback from financial advisers and launched a cashback option for our equity release products. This development will give more flexibility to advisers and their clients so that cost-effective solutions can make the extra money work harder to achieve their individual goals.

“This initial offer forms part of a series of improvements planned to make LV= more competitive in the equity release market.”

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
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  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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