LV= joins Paradigm's equity release panel

9 May 2008

Paradigm Mortgage Services has added LV=, a retirement solutions specialist, to its preferred equity release panel.

LV= focusses on providing capital and income retirement planning products.

Paradigm members will now be able to access the LV= equity release lifetime mortgage, which offers clients a cash lump sum when releasing the value of their home.

Bob Hunt, chief executive of Paradigm Mortgage Services, says: “Paradigm has put together a preferred panel to allow our member firms access to the best equity release providers in the marketplace offering both lifetime mortgages and home reversion plans.

"By adding LV= to the panel Paradigm members will have access to another quality Lifetime Mortgage product with its accompanying range of features. Competitive terms have been secured from all panel providers and a commitment to work with the Paradigm team to develop adviser’s understanding of the equity release market and the opportunities that exist there.

"Developing this important sector is a key objective for both Paradigm and all our panel members and we look forward to providing a boost to the growth of this market.”

Vanessa Owen, head of equity release at LV=, says: “LV= is delighted to be welcomed onto the Paradigm Equity Release panel. We look forward to working with advisers who are offering advice to consumers who wish to improve the quality of life in retirement by safely releasing cash from their home.”