There’s an old joke about people who invest in football which runs along the lines of, how do you take £1m out of a football club? Put in £2m.
This extension could cost the government around £1bn.
Certainly, if Don McLean were writing ‘American Pie’ in February 2021 he would have got it right in terms of the weather – the last few, often snow-dominated weeks and the very low temperatures have summed up a period in our lives.
If I was an outsider looking into the equity release and the later life market, part of me might sometimes wonder what all the fuss is about.
I know someone who is a medium, well they were at the start of lockdown, so if they’re anything like me they are probably an XXL by now.
Like all lenders, we’ve had to juggle many different balls in order to service a flood of new applications, service pipeline business, combat logistic/operational issues whilst still working towards future proofing the business.
I recently set up a new business bank account, all through an app, where I scanned my driver’s licence with my phone for proof of ID. No paperwork or anything. Wonderful experience.
After a difficult 12 months, prospects for the second-charge market in 2021 look encouraging.
How can businesses ensure they have the right tech in place to play and thrive in a more interconnected mortgage market?