Liverpool Victoria launch flexible Equity Release Mortgage

Announced today is the issue of a new Equity Release mortgage by Liverpool Victoria which provides a new flexible drawdown product to run alongside their popular lump sum lifetime mortgage.

Jerry Figueroa-Lee, Equity Release Adviser at The Mortgage Warehouse commented,

“The new mortgage introduces a drawdown facility that is guaranteed for 15 years and is fee free on each drawdown. With a minimum initial advance of £10,000 and minimum subsequent withdrawals of £2,000 this product is going to be well placed in the market.

He further commented,

“Unlike some Equity Release products this new Liverpool Victoria product offers a simple early repayment charge that reduces to zero after 10 years, and is available on second homes and holiday homes within the UK. This feature is missing from most other Equity Release mortgage schemes currently available in the UK at the moment and so Liverpool Victoria should be congratulated for this move.

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