What would happen to my lifetime mortgage if LV= ever goes bust?
Published 18/03/2016 11.42 AM | Updated 01/11/2017 01.05 AM
If LV= was to go bust, an insolvency practitioner would be appointed. Their job would be to dispose of our assets to pay our creditors. One of our assets would be our book of lifetime mortgages. This is because when a customer dies or goes into long term care LV= receives back the money the customer borrowed plus the interest that has built up.
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