LV= lifetime deal available via Assureweb
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The product from LV= allows home owners to draw down funds from the equity in their home, including a 15-year guarantee on the maximum amount.
The product also includes a no negative equity guarantee.
Through the Assureweb portal, financial advisers will be able to obtain a quote for the product.
Their 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.
Financial advisers are also now able to obtain a flexible drawdown offering for their clients.
Vanessa Owen, head of equity release at LV=, says: “We are pleased to have launched our Flexible Lifetime Mortgage and it is particularly exciting to have the chance to accompany this with the technology to aid financial advisers, and ultimately enable them to provide the best service to their clients.”
She adds: “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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