TMA adds LV= to equity release panel

TMA Club has announced it has added LV= to its equity release panel.

The partnership will provide members of TMA Club with access to LV=’s lifetime mortgage lump sum and flexible lifetime mortgage products, according to the firm.

Both products have fixed early redemption penalties of 5 per cent up to five years, and 3 per cent between six and 10 years.

There is no early repayment charge post 10 years, or within three years on a joint mortgage if one individual dies or goes into care.

For the lifetime mortgage lump sum product there is also a downsize protection option after five years.

Furthermore, advisers will be able to lend on second and holiday homes through the two offerings.

TMA Club senior product and business manager Rob McCoy says: “As the equity release market grows to meet the changing needs of retirees, we are working to ensure our advisers are fully equipped to cater to those needs.

“It is clear that more customers are seeing equity release as a viable option to boost their finances during retirement, total customers served across the whole market increased by 10 per cent year-on-year between January and March, according to the Equity Release Council.”

LV= head of life products Andrew Gilbert adds: “For most homeowners, their property is one of their biggest assets, so it is critical that professional and personalised financial advice is available to anyone looking at releasing equity.

We are looking forward to working with TMA to help equip financial advisers with the knowledge and products they need to provide their clients with more choices to support their retirement journey.”


Houses, house, property, monopoly

TMA launches new digital tool

TMA Club has announced the launch of its ‘customer retention KIT’. KIT, which stands for keeping in touch, offers TMA members a number of resources in regard to mortgages, including letter templates, tips of social media, branding support, suppliers, links, statistics, and infographics, according to the firm. The digital tool can also be used for […]


TMA partners with

TMA has announced a new partnership with The agreement will see members of the mortgage club provided with access to’s automated customer retention tool. The tool, named ‘Retain’, uses customer data to track and automatically recontact existing customers who are due finish their current mortgage deal. The software will email a borrower with […]


TMA adds Newbury to its lender panel

TMA has added Newbury Building Society to its lender panel. Members of TMA will now have access to the building society’s first-time buyer, remortgage, and shared ownership offerings. In addition, the club’s advisers will also have access to self-employed, self-build, buy-to-let, and holiday-let options. TMA senior product and business manager Rob McCoy comments: “Welcoming Newbury […]

mortgage, calculator

ASA finds mortgage mis-selling ad misleading

The watchdog has ruled that a TV advert that boasted customers were “claiming tens of thousands of pounds” back for mis-sold mortgages was misleading. The advert by Mortgage.Claims aired in December 2018 and January 2019 showed a couple discussing making a mortgage claim. The woman said: “Guess what I’ve found out? We could be due […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now