LV= and Intrinsic team up on lifetime mortgage

27 August 2008

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.

"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.”