TMA Club has today announced its partnership with insurance provider, LV=, to offer its members access to the lender’s Lifetime Mortgage Lump Sum+ and Flexible Lifetime Mortgage products.

Both products being brought onto TMA’s panel offer fixed and defined early repayment charges ending after 10 years. Through LV=’s Lifetime Mortgage Lump Sum+, TMA members will be able to access the only single lump sum product in the market providing rates dependent on age and loan-to-value. Advisers will also be able to lend on second and holiday homes via the two products.

TMA members’ clients will benefit from no interest payment requirements with LV=’s Lifetime Mortgage Lump Sum+ product.

LV= head of life products Andrew Gilbert said: “For most homeowners, their property is one of their biggest assets so it’s critical that professional and personalised financial advice is available to anyone looking at releasing equity. We are looking forward to working with TMA to help equip financial advisers with the knowledge and products they need to provide their clients with more choices to support their retirement journey.

“As equity release has moved into the mainstream in recent years, we have seen a number of innovative new products become available to those looking to release cash from their property. Whilst this trend continues, cooperating with TMA will ensure we can help more borrowers who view their property as part of their total retirement fund.”

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