How long does a drawdown take?

Drawdowns are usually processed within two weeks from LiveMore receiving your completed request and any required confirmations.

Can I drawdown the full remaining amount in one go?

Yes, if your product allows it and the full amount is still available. However, we suggest only drawing down what you need, as interest is accrued from the day we send you the money. We recommend speaking with your broker or financial advisor if you are unsure whether a drawdown is the option for you.

Will I receive confirmation once my drawdown is complete?

Yes. We’ll send a written confirmation once your drawdown has been processed and funds have been transferred.

Access Funds from Your Lifetime Mortgage

If your lifetime mortgage includes a drawdown facility, you may still have funds available to access. You can request a drawdown after six months from receiving your initial lump sum, subject to:

A minimum withdrawal of £2,000 per request
A maximum of four withdrawals in each 12 month period from the start of your mortgage

Apply Now

How to Request a Drawdown

If you still have funds available and would like to access some or all of your remaining drawdown facility, please follow the steps below.

Step 1. Making a request

Complete the drawdown request form below or contact us if you require it in a different format.

Step 2. What we do next

When we receive your request, we will review it and we'll either be in touch to request some further information or we'll send you a personalised Offer document including:

The impact of the requested drawdown
The current interest rate that will apply
An acceptance form

Step 3. What you do next

Review the Offer document
If you wish, speak with your equity release adviser before making a decision
Complete the Acceptance Form and return it if you want to go ahead

Sending us a request for drawdown does not commit you to anything - it simply allows us to send you some information you need to make an informed choice.

Acting as Power of Attorney

If you are acting on behalf of the account holder under a registered Power of Attorney (PoA):

You can complete the drawdown request form on their behalf
If we have not yet registered your PoA, please contact us on 020 4525 7754 before so we can update our records before processing any drawdown request

I confirm that the mortgage account has a drawdown facility and at least 6 months has passed since the start of the mortgage

Who is completing this application?

This helps us ensure we have the correct details for the application process.

Is this a joint account?

Yes

Account Holder Details

First name

Last name

Flat number

Building number

Building name

Street

Address line 3

City

County

Postcode

Email address

Phone number

Mortgage Account Number (e.g. 451000038)

What will the funds be used for?

Each category can only be selected once. If you need to request funds for the same category more than once, please combine the amounts into a single entry for that category.

Total amount you wish to access: £0

Bank details

Who is your bank account with?

What is the name(s) on the bank account?

Sort code

Account number

How would you like to receive correspondence from us?

I have a change in my personal circumstances or support needs

By checking this box you consent to us keeping a record of this information

Submit your request and we'll review it as soon as possible. Funds are typically available within 2 weeks.

We will notify your original adviser about your drawdown request.

FAQs

Are there any customer fees for requesting a drawdown?
No.
How long does a drawdown take?
Drawdowns are usually processed within two weeks from LiveMore receiving your completed request and any required confirmations.
Are there any customer fees for requesting a drawdown?
No.
Can I drawdown the full remaining amount in one go?
Yes, if your product allows it and the full amount is still available. However, we suggest only drawing down what you need, as interest is accrued from the day we send you the money. We recommend speaking with your broker or financial advisor if you are unsure whether a drawdown is the option for you.
Will I receive confirmation once my drawdown is complete?
Yes. We’ll send a written confirmation once your drawdown has been processed and funds have been transferred.