Category: Equity release
The sessions, led by Retirement Advantage’s head of sales Les Pick and specialist account manager Vicky McDaid, are aimed at boosting equity release advisers’ engagement with the sector.
Speaking at today’s Financial Services Expo (FSE) Manchester, the panel outlined the recent figures from Legal & General which suggested equity release lending alone would increase from £3bn now to £8bn by 2021.
However they said lenders need to help those with maturing interest-only products now.
Turner has over 20 years of insurance industry experience in the UK, Australia, New Zealand and Asia.
Sponsored by the Later Life Academy and the Equity Release Council, the conference will be held on Thursday 21 June at the Gloucester Rugby Club Business Centre at Gloucester’s ground, Kingsholm.
The range, launching on Monday, will have a maximum loan-to-value of 75% for capital repayment, 65% for interest-only and rates from 3.38%. There will be fixed rate options and the mortgage can run until applicants are 99.
Key Retirement has acquired a stake in Answers in Retirement, a group covering a range of retirement and later life services.
Gifting is continuing to drive expansion in the equity release market, with one in four pensioners using property wealth to help their family.
In the first quarter of 2018, 48% of Retirement Advantage’s customers took out equity release to make home and garden improvements.
It follows the launch of a maximum choice, a product packed with modern features including the ability for clients to repay up to 12% of their loan each year without incurring penalty.