
LV= launches interest reward lifetime mortgage
Its Lifetime Mortgage Lump Sum Lifestyle Interest Reward product is available to homeowners aged 55 and over as a lump sum lifetime mortgage.

Its Lifetime Mortgage Lump Sum Lifestyle Interest Reward product is available to homeowners aged 55 and over as a lump sum lifetime mortgage.

37,300 new loans were advanced to older borrowers in Q2 2026, up 13.4% year-on-year (YoY).

The growing role of brokers in helping families pass wealth down through the generations.

All new customers will now get a tailored rate reduction between 0.01% and 1.00%.

Data showed total lending rose to £597m, a 4% rise on the previous quarter’s £574m.

The retirement provider found that 43% of prospective home finance customers cited home improvements as their primary motivation for releasing equity, unchanged from 2025.

The call follows comments from the FCA’s Emad Aladhal, who recently described specialist later life lending products as a potential “fourth pillar” of retirement income.

Rising numbers of over-55s divorcing are increasing demand for later life lending solutions, with Key Equity Release urging advisers to take a more holistic approach to retirement, property and pension planning.

Housing wealth should sit alongside pensions in retirement planning, industry leaders have said, as research suggests almost half of homeowners approaching retirement lack sufficient income.

Its report showed that 65% of single female homeowners aged 55 to 70 will have retirement income below the Pensions UK moderate living standard, yet hold on average £225,000 in housing wealth.

The tool, named Lenny, provides advisers with 24/7 access to answers on lending criteria.

Data revealed that lending was also down 14% year-on-year, while total customer numbers dropped to 12,958.
Press Esc to close.
