Equity Release News
Stuart Wilson, marketing director at more 2 life, breaks the cycle of myths surrounding equity release.
More 2 life has urged advisers to make sure clients fully disclose details about their health before making a product recommendation to ensure they get the optimal financial outcome.
Nearly a fifth of pensioners incorrectly think they will pass on debt by using equity release while nearly a quarter mistakenly believe their equity release borrowing could exceed the value of their property, research from LV= has found.
Just over half a million people in the UK intend to use all or part of their pension to help repay their mortgage balance, reveals new research from specialist insurer Partnership.
more 2 life is expanding choice and flexibility for equity release customers and advisers with the Tailored Choice Plan providing personalised plans and rates.
Three quarters of advisers think that more retirees should consider their property as part of their asset mix when looking at funding their retirement.
Pure Retirement has reduced the interest rate on the ‘Pure Drawdown Plan’ has been reduced by 0.43% to 6.59% monthly (6.79% annual).
Advisers have been told that offering equity release is a no brainer by a panel of industry leaders at the Personal Finance Society National Conference.
StepChange Financial Solutions has been appointed by Magellan Homeloans to advise clients about its specialist range of credit repair mortgages.
Key Retirement Solutions is rebranding as Key Retirement with two distribution divisions focusing on retirement lending and wealth and retirement options.