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LV= in lifetime loan deal with Intrinsic

LV= has set up a partnership with Intrinsic Financial Services to promote its flexible life-time mortgage.

The firm launched its mortgage and lifestyle protection product with Intrinsic in June and is now giving the multi-tie network’s 1,300 members access to its equity-release product.

The flexible product allows clients the option to draw down funds from home equity, including a 15-year guarantee on the maximum amount.

There is a guarantee of no negative equity and clients between 60 and 95 can draw down a minimum of £10,000 with additional withdrawals of at least £2,000 up to the maximum LTV.

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.”

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