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LV= and Intrinsic team up on lifetime mortgage
Laura Stavro-Beauchamp
27-Aug-2008
LV= has partnered with Intrinsic Financial Services to promote its lifetime mortgage.
LV= has been added to Intrinsic’s panel of equity release providers, giving the network’s 1300 members access to its Safe Home Income Plans compliant product.
The Flexible Lifetime Mortgage from LV= allows homeowners to draw down funds from the equity in their home, including a 15-year guarantee on the maximum amount and a no negative equity guarantee.
The products are available to Intrinsic clients between the ages of 60 and 95 can draw down a minimum amount of £10,000 with additional withdrawals of at least £2,000 available up to the maximum LTV amount.
Stuart Tragheim, distribution strategy and business development director at LV=, says: “We are delighted with our relationship with Intrinsic for both our recently launched products.
The Flexible Lifetime Mortgage from LV= allows homeowners to draw down funds from the equity in their home, including a 15-year guarantee on the maximum amount and a no negative equity guarantee.
The products are available to Intrinsic clients between the ages of 60 and 95 can draw down a minimum amount of £10,000 with additional withdrawals of at least £2,000 available up to the maximum LTV amount.
Stuart Tragheim, distribution strategy and business development director at LV=, says: “We are delighted with our relationship with Intrinsic for both our recently launched products.
"Intrinsic is one of the most successful new distribution networks, and working with them really is a boost for us, enabling more advisers to have access to our innovative product solutions for their clients.”