Web search trends show that people searching ‘Is equity release is a good idea?’ has gone up 350% in the past 12 months and ‘How safe is equity release’ has increased by 56% in the past three months.
Melanie Spencer, head of finova Payment and Mortgage Services, said: “As a team, we have worked constantly in the support of brokers, growing case numbers by 133% between 2018 and 2021, and we look forward to carrying this momentum into our new venture as finova Payment and Mortgage Services.”
Dale Jannels, managing director of Impact Specialist Finance, said: “These figures show that bridging finance is now a better understood product for many brokers and they have much more confidence in recommending this solution to their customers.”
As a result of this new agreement, Specialist Hub will now be able to package cases for Fleet Mortgages which offers buy-to-let mortgages across three core ranges: standard, limited company/LLP and HMOs/multi-unit blocks.
Buildings between 11 meters and 18 meters are not covered by the Building Safety Fund, as a result leaseholders were expected to repay £50 a month, however Gove has now paused this.
The forum will host three events in the remainder of this year including ‘How to get the most out of your PR agency’, ‘The value of brand distinctiveness and how to achieve it’ and the 2021 ‘Mortgage Marketing Forum Seminar & Networking Event’.
West One’s buy-to-let offering caters for both amateur and professional landlords either as individuals or through a limited company.
The product offers up to 75% loan-to-value (LTV), with rates starting from 0.70% per month and it is suitable for projects where the development has still not been finished.
The new products replace the society’s existing range with initial rates between 0.2% and 0.24% below the previous equivalent products, reducing its lowest rate from 3.79% to 3.59%.
Research published by the equity release provider found that 94% of advisers feel confident about the outlook for the equity release market over the coming year.