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4.74% MER Liverpool Victoria Lifetime Mortgage – Lump Sum Plus – Over 60 – Free Valuation For 2024

Liverpool Victoria Lifetime Mortgage Lump Sum +
  • Release tax-free cash from your home with a Liverpool Victoria Lifetime Mortgage
  • Flexible product
  • No lenders fees
  • No product fees
  • Use the money to pay off credit cards and loans.
  • No early repayment charges
  • Continue to stay in your house
  • Free valuation
  • Some plans have interest-only payments
  • Some plans have no monthly payments
  • 4.74% MER fixed for life

How much money can I release with LV Lifetime Mortgages?

You can get 60% of the valuation of your home. For example, if your home is worth £360,000, you can borrow £216,000.

  • Your Requirements

  • About You

Product Reviews, including for an LV Lifetime Mortgage in 2024

Equity Release

Mrs Heart from Aberdeen

I was struggling to pay my mortgage and had no money left for emergencies at the end of the month, let alone saving for a holiday. I had investigated home reversion plans, but they did not appear to be the right solution.

Equity Release for older borrowers with no monthly repayments was precisely what I wanted, and the interest rate was meagre. I was able to pay off my mortgage. I live in an area where house prices are going up nicely, so keeping 100% ownership of my own home is wise.

I am confident that my house price appreciation will be much bigger than my roll-up interest.

equity release

Mrs Yardly from Sheffield

I had an old, tired car and an unreliable central heating system. Repair bills continually mounted, meaning I had less money for holidays and other lovely things.

A friend said I should consider equity release, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.

When I did my homework, I found that in 2024, equity release interest rates were meagre, and the negative press was around people who had been ripped off with high rates.

Even if my house price only increased slightly, the roll-up interest would be covered. The equity release enabled me to get a nice 3-year-old car and a new boiler, so I was not wasting money all the time on repairs!

lifetime mortgages

Mr Shaw from Bradford

I thought I would have to sell my home to repay my mortgage, as the bank wanted their money back.

With the money left, I could only afford a flat, and I would have been further away from my daughter and her children. Downsizing was a bad idea for me.

My lifetime mortgage was ideal for me as I had no monthly repayments, and I paid off my old mortgage.

I saved the cost of moving to a new flat, which I would have paid to move to a place I did not want. The no negative equity guarantee and equity release council assurances were fundamental to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.

retirement interest-only mortgages

 

Mr Howarth from Leeds

I am healthy and have a good income from my pensions for later life. I decided to release money from my unencumbered home with a retirement interest-only mortgage (RIO mortgage) so I could get a new kitchen and bathroom and give money to my children so they could move house and buy bigger homes.

I had no problems with a minimum or maximum age requirement or affordability.

The interest rate was meagre, like a prime conventional mortgage from a bank or building society. The monthly payment was tiny compared with the rest of my outgoings. The whole process was authorised and regulated by the finance conduct authority.

equity release

William from Birmingham

My son knew a guy who owned six pubs. Because of successive lockdowns due to covid 19 coronavirus, he had to make a quick sale on his holiday home in Cornwall.

My equity release money bought his flat at 35% under market value. Not only does my family have the shared use of a holiday home, but the rental income is also much more than the interest on the equity release.

Raise money with your home
retirement interest only mortgages

Does LV do Equity Release plans?

Yes, LV Equity Release is 1.9% APRC.

Homeowner in their 60s
Homeowner in their 60s

Does LV do Pensioner Mortgages?

Yes, LV Pensioner Mortgages are 2.05% MER.

Homeowner in their 60s

It’s common to find individuals looking for monthly payment equity release schemes or home reversion plans. However, like Zurich, Key Solutions is keen to see paperwork in pension statements to show your circumstances.

UK Equity Release Providers similar to a Liverpool Victoria Lifetime Mortgage

  • Age Partnership
  • More to Life
  • Bower
Pensioner Mortgage

Over 65s Mortgages
Metro Bank Equity Release

Pensioner Mortgages

Equity Release Yorkshire Building Society YBS

Metro Bank Lifetime Mortgage

Yorkshire Bank Equity Release Scheme

YB-Yorkshire Bank Lifetime Mortgage

Legal & General Lifetime Mortgage

Equity Release Loan To Value

  • 50% monthly payment equity release LV=
  • 35% loan to value (LTV) monthly payment equity release LVE
  • Liverpool Victoria Lifetime Mortgage

The lender will want to know if the property is a Freehold terraced or Leasehold house and if the occupier is an AST Tenant.

Does Liverpool Victoria offer retirement remortgage for pensioners over 60?

Yes, Liverpool Victoria retirement remortgages for the over 60s are 3.22% APR fixed for life.

Does Liverpool Victoria do a pensioner remortgage over 60?

Yes, Liverpool Victoria pensioner remortgages for the over 60s are 3.12% APR fixed.

Does Liverpool Victoria do later-life remortgages for those over the 60s?

Yes, a Liverpool Victoria later life remortgage for people over 60 is a 3.36% MER variable.

Does Liverpool Victoria offer the best remortgages for over 60s?

Yes, Liverpool Victoria, the best remortgage for retired over 60 is 3.78% AER fixed for life.

Does Liverpool Victoria offer remortgaging options for those over 60?

Yes, a Liverpool Victoria remortgaging option for homeowners over 60 is 3.66% APRC variable.

Does Liverpool Victoria offer a mortgage calculator over 60?

Yes, Liverpool Victoria mortgage calculators for over 60s show a 3.09% MER variable.

Does Liverpool Victoria offer an RIO mortgage for over 60s?

Yes, Liverpool Victoria RIO mortgages for homeowners over 60 are 5.14% APRC variable.

Does Liverpool Victoria offer a retirement interest-only mortgage for those over 60?

Yes, Liverpool Victoria retirement interest-only mortgages for retired homeowners over 60 are 3.4% APRC variable.

Lenders for UK Equity Release – lifetime mortgage interest rates predicted for 2024

It’s common to find people seeking out home reversion schemes, monthly payment lifetime mortgages or home reversion schemes; however, Age Concern, like Zurich, is eager to see paperwork to show your circumstances in the form of bank statements.

  • L&G Legal & General Flexible Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Schemes
  • Liverpool Victoria Lifetime Mortgage
  • Pure Retirement Lifetime Mortgage
  • Stonehaven Equity Release Plan
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • LV Lifetime Mortgage – Lump-Sum plus
  • LV Equity Release Schemes
  • Canada Life Landlord Voluntary Select Plan
  • Just Retirement Equity Release Schemes
  • LV= Lifetime Mortgage
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Schemes
  • Pure Retirement Lifetime Mortgage
  • HSBC Lifetime Mortgage
  • Liverpool Victoria lifetime mortgage
  • NatWest Equity Release Plans

Disadvantages of Lifetime Mortgages in 2024

Interest-only lifetime mortgages can reduce the value of your estate. A lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a solicitor’s fee, and some products expose you to changes in interest rates.

Advantages of Lifetime Mortgages or Liverpool Victoria loans

It can help tax planning, and interest rates can be pretty low. Help a family member buy their own home with a smaller mortgage or pay down your cards and loans so you can spend more of your monthly income.

https://www.metrobankonline.co.uk/

What are the interest rates on lifetime mortgages?

In 2024, the rates on lifetime mortgages are just over 3% fixed for life.

What is a lifetime mortgage?

It is a mortgage for older people with no monthly repayments

What is a lump sum lifetime mortgage?

It is a structured loan.

Does LV do equity release?

Yes

Does Liverpool Victoria do Pensioner Mortgages?

Yes, Liverpool Victoria Pensioner Mortgages are 2.05% MER.

Does Liverpool Victoria offer Retirement Mortgages?

Yes, Liverpool Victoria Retirement Mortgages are 1.94% APR.

Does Liverpool Victoria do Equity Release Under 55?

Yes, Liverpool Victoria Equity Release Under 55 is 2.06% MER.

Does LV offer Equity Release Under 55?

Yes, LV Equity Release Under 55 is 1.9% APRC.

Does LV offer Retirement Mortgages?

Yes, LV Retirement Mortgages are 2.15% MER.

Does Liverpool Victoria offer Lifetime Mortgages?

Yes, Liverpool Victoria does lifetime mortgages at 2.15% APR. Liverpool Victoria Lifetime Mortgages have a loan to value (ltv) of 55%. They are sometimes called an lv lifetime mortgage.

Does LV do Lifetime Mortgages?

Yes, LV does lifetime mortgages at 2.27% APR. LV Lifetime Mortgages have a loan-to-value (LTV) of 75%.

What percentage can be released with a Liverpool Victoria Lifetime Mortgage?

The more elderly and sicker you are, the more money you can release with a Liverpool Victoria Lifetime Mortgage.

Get a tax-free lump sum payment from a Liverpool Victoria Lifetime Mortgage. No early repayment charges, just a low rate of 2.71% from January 2024.