LV= Flexible Lifetime Mortgage now available on Assureweb

Retirement specialist LV= has announced that its new equity release product - Flexible Lifetime Mortgage - is now available online through a partnership with Assureweb.

The Flexible Lifetime Mortgage from LV= allows homeowners 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 one of the most adaptable equity release products on the market. 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 Loan To Value amount.

Financial advisers are now able to obtain a flexible drawdown offering for their clients, enabling them to benefit from a product which meets consumer needs. The Assureweb platform is an easy and up-to-date approach which makes the application process simpler. LV= is a member of the Safe Home Income Plans (SHIP) body.

Vanessa Owen, Head of Equity Release at LV= said: "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.

"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."