Category: Equity release
The broker’s website features calculators for different kinds of mortgages and is designed to be more user friendly.
Chris Flowers, head of distribution at Pure Retirement, explains why equity release is getting more popular, talks about how brokers can get clued up on the market and discusses the no negative equity guarantee.
Other changes that can be made include adding chair lifts and making gardens more manageable.
They have joined Stephen Smith, director of Legal & General Housing Partnerships, on the board of L&G Home Finance.
Elder provides advice on all aspects of live-in care including support on social services funding.
The consensus is that having such a big name will raise the profile of the industry, drive costs down and stimulate innovation amongst providers.
The society is offering lifetime mortgage products priced between 3.8% and 4.8%, which are divided into four tiers based on loan-to-value.
In the third quarter other equity release uses included buying a car (9%) and funding a new property (5%).
It therefore estimated that over 600 homeowners have been given a helping hand to buy their own home this year.
Alice Watson, head of marketing, equity release, at Retirement Advantage talks equity release innovation, the rate war and attracting more advisers to the market