LV= lowers Flexible Lifetime Mortgage rate

Homeowners between the ages of 60 and 95 can draw down a minimum amount of £10,000. Additional withdrawals of at least £2,000 can be made, up to the maximum Loan To Value (LTV) amount. The new equity release product also includes two further property re-valuations throughout the lifetime of the loan, which means that if the property is valued at a higher amount in future, homeowners can take advantage of the house price changes and draw down additional income. The product also comes with a No Negative Equity Guarantee which means that both the customer and their beneficiaries will never h...