Category: Equity release

The equity release market moved closer to £1bn of activity in a single quarter as homeowners aged 55 plus unlocked a record £971m from their homes in Q2 2018, the Equity Release Council has found.

OneFamily has unveiled a new brand and visual identity with the positioning featuring the strapline ‘modern family finance – for all of us’.

Equity release adviser OneFamily Advice has partnered with Finance Planning Group, so customers of OneFamily Advice will now also be able to access advice on other retirement funding options.

Age Partnership has appointed Mark Spooner and Martin Gatenby as partnership managers, further investing into the Partnerships team of 11.

Criteria Hub has launched a detailed set of criteria that helps advisers understand some of the complexities of retirement interest-only mortgages. Criteria Hub allows advisors to…

Total plan numbers were 22,816 up 29% year-on-year and the average advance was £77,934, an increase of 10% from that last year. Around £9.5m of property wealth was released every day in the six months to July.

The PDF includes quick reference tables to define the society’s approach to older borrowers.

The move will see the group expand into providing intermediary partners with a whole of market equity release and later life lending proposition for their customers.

In June the most searched criteria for buy-to-let on Knowledge Bank was minimum income, followed by first-time landlords, HMOs, the six month rule then lending to limited companies, Knowledge Bank’s monthly Criteria Activity Tracker has found.

This follows positive feedback after last year launching its over 55 buy-to-let options range to allow landlords over the age of 55 to release cash from their property tax free, leaving their entire portfolio intact.