LV= offers discount on lifetime mortgage

The interest rates across LV='s equity release product have been cut by 10 basis points. For customers up to 80 years old the interest rate is now 5.89% AER. Clients between 81 and 85 years old will receive a rate of 5.99% AER. For the discount to take effect, LV= must receive a completed equity release application before 12 April 2013. Advisers that have already submitted an application, but whose client has not yet been offered a lifetime mortgage will automatically receive an offer at the discounted rate. Vanessa Owen, LV= head of annuities and equity release said: "We believe t...