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LV= deepens ties with Intrinsic

LV= is deepening its ties with Intrinsic Financial Services by setting up a new partnership to promote its flexible lifetime mortgage.

LV=, which launched its mortgage and lifestyle protection product with Intrinsic in June, is now giving the network’s 1,300 members access to its equity release product.

Members can now offer clients the option to draw down funds from the equity in their home, including a 15-year guarantee on the maximum amount. With a no negative equity guarantee, 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 up to the maximum LTV.

LV= distribution strategy and business development director Stuart Tragheim says: “We are delighted with our relationship with Intrinsic for both our flexible lifetime mortgage and mortgage and lifestyle protection. Intrinsic is one of the most successful new distribution networks, and working with them really is a boost for us, enabling more advisers to have access to our innovative product solutions for their clients.”


Churning created vulnerable class

Bankhall chief executive Peter Mann believes the culture of churning inappropriate products has created a class of vulnerable consumers.


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