Financial advisers are now able to receive quotes and apply for LV='s flexible lifetime mortgage through Assureweb.
The flexible lifetime mortgage allows borrowers to draw down funds as they are needed, and offers a 15-year guarantee on the maximum amount that can be borrowed.
Quotes can now be obtained through Assureweb for any customer between the age of 60 and 95, provided they withdraw a minimum of £10,000, and can then make withdrawals of at least £2,000 up to the agreed loan amount.
Vanessa Owen, head of equity release at LV=, says: “This collaboration with Assureweb will make our product more accessible and will mean that financial advisers have a wider choice for their clients when advising on the best options for a flexible equity release product.”
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