Investment - Articles - LV= announce more flexible lending policy for equity release


Retirement specialist LV= today announces the launch of a new flexible lending policy for its equity release products

 The updated policy follows direct feedback from advisers on having a clear understanding of the types of properties that can be lent against for equity release.

 The new simplified equity release terms give greater flexibility on which types of properties are accepted, allowing the underwriting team to accept applications that may previously have been automatically declined. For example, this means that sheltered accommodation properties or unique and unusual properties, in an exceptional condition or desirable location, that otherwise may not have met previous criteria, will now be individually underwritten.

 These new policy terms will give advisers the ability to provide clients with a likely decision in a format which is easy to navigate and understand.

 Vanessa Owen, LV= head of equity release, said: "We've really listened to advisers ahead of making these policy changes. These new more flexible terms give us the ability to look at each case individually without potential equity release properties being automatically declined on our system. LV= is committed to offering great value and quality products but also continually reviewing and evaluating the effectiveness of our service to IFAs. The feedback from advisers has helped us to adapt our terms and provide a more easy to understand and flexible offering."

Back to Index


Similar News to this Story

K3 Advisory completes buyin for Terex Pension Scheme
K3, part of Isio, has successfully led a buy-in transaction with Aviva for the Terex Pension Scheme - the UK subsidiary of Terex Corporation, a globa
Rates set for a cut next week with another before Christmas
The market expects UK interest rates to be cut from 4.25% to 4% next week. It’s also expecting one more cut by the end of the year, possibly in Novemb
Industry comments as IHT net spreads further still
Utmost Wealth Solutions and Just Group comment as more estates were pulled into the IHT net long before the Government’s changes to the IHT regime at

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.