Category: Equity release
The biggest gains in the past six months were in Scotland and the South East, with over-65s gaining more than £13,000 and nearly £12,000 respectively.
Alex Edmans, head of financial services at Saga Personal Finance, said: “These brand new benefits, not available anywhere else, offer our customers another level of reassurance when it comes to equity release.”
Max Hayden joins Equilaw from Limitless Financial Services, a specialist mortgage brokerage for people with complex income. His previous roles include chief operating officer at IFA firm CMME Group and head of solutions at outsourcing company Capita.
Emma Graham, business development director at Hodge, said: “We have ambitious growth plans here at Hodge and so the appointment of Stuart and Kate is key as we continue to grow our mortgage team and further support our networks and brokers.”
The Association of Mortgage Intermediaries will host an event called Viewpoint on Diversity, Inclusion and Equity in the mortgage industry at 10am on 21 October.…
Participants included heads of brand across multiple sectors, specialists in the later life market including The Centre for Ageing Better, and successful founders of new start-up brands, for their invaluable insight.
The data found that the South West England, South East England and London account for almost half (46%) of all cases of equity release being used to purchase a home.
The rates come as The Nottingham has also revealed it has increased the loan-to-value (LTV) lending criteria for RIO products to 50% from 40% and removed fees (previously £995) from its 3-year fixed offering.
The agreement enables Tenet advisers to introduce potential equity release clients to HUB Financial Solutions, the corporate solutions and advisory business of FTSE-250 retirement specialist Just Group plc.
This is the equivalent of £200m a day, or £3,500 for every mortgaged household.