LV= Flexible Lifetime Fixed (Age 81-85) <£599,999 Mortgage
Full product details for the LV= Flexible Lifetime Fixed (Age 81-85) <£599,999 mortgage, including application criteria, rates, suitability, restrictions, incentives, facilities, fees & charges and equity release.
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LV= Flexible Lifetime Fixed (Age 81-85) <£599,999 Mortgage Features & Benefits
| Mortgage Type | Equity Release | |
| Initial Rate Type | fixed | The initial rate type is fixed. |
| Initial Rate APR | 6.40% | |
| Maximum LTV | 45% | The maximum LTV is 45% |
| Minimum Loan | £10,000 | Minimum loan is £10000. |
| Maximum Loan | £599,999 | The maximum loan is £599999. |
| Remortgage Only | no | This is not just available for remortgages. |
| Maximum Number of Borrowers | 2 | The maximum number of borrower's is 2. |
| Maximum Age | 85 years | 85 |
| Maximum Property Value | Unlimited | There is no set maximum. |
| Minimum Bedrooms | 1 bedrooms | The minimum number of bedrooms is 1. |
| Minimum Lease Term Remaining | 80 years | The age of the youngest applicant plus the unexpired term of the lease must be greater than 80 years. |
| Monthly Income | no | Monthly income option is not available with this product. |
| Minimum Age of Youngest Borrower | 81 years | The minimum age for the youngest applicant is 81 years. |
| Minimum Age of Single Borrower | 81 years | Minimum age single applicant is 81 years. |
| Minimum Initial Cash Lump Sum | £10,000 | The minimum initial lump sum is from £5,001 to £10,000. |
| Permanent UK Resident | yes | This product is only available to individuals who are permanent UK residents. |
| Existing Customers Only | no | This mortgage is not just available to existing customers |
| Existing Borrowers Only | no | This mortgage is not just available to existing borrowers. |
| Remortgage Only | no | This is not just available for remortgages. |
| First Time Buyers Only | no | This mortgage is not just available to first time buyers. |
| Available Via a Broker Only | no | Available direct. |
| Maximum Number of Borrowers | 2 | The maximum number of borrower's is 2. |
| Maximum Age | 85 years | 85 |
| Minimum Property Value | £70,000 | Minimum property value £70000. |
| Maximum Property Value | Unlimited | There is no set maximum. |
| Available in England | yes | |
| Available in Northern Ireland | no | |
| Available in Scotland | yes | |
| Available in Wales | yes | |
| Minimum Bedrooms | 1 bedrooms | The minimum number of bedrooms is 1. |
| Minimum Lease Term Remaining | 80 years | The age of the youngest applicant plus the unexpired term of the lease must be greater than 80 years. |
| Minimum Age of Youngest Borrower | 81 years | The minimum age for the youngest applicant is 81 years. |
| Minimum Age of Single Borrower | 81 years | Minimum age single applicant is 81 years. |
| Available Direct | no | This product is not available direct from the provider, but may be available from a broker or other intermediary |
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