Category: Equity release
The mortgage is designed to be repaid from the sale of the home, when the homeowner moves into sheltered accommodation or when they start living with a family member or in another property.
Record equity release lending of £3.06bn in 2017 saw housing wealth withdrawals gain ground on flexible pension payments as a source of retirement finance, The Equity Release Council found.
Nearly two out of five (38%) of working over-55s struggle to clear their credit card balance every month with one in seven (14%) owing money on their plastic for more than a year.
Age Partnership has just confirmed it will be a club partner of Yorkshire County Cricket Club and a sponsor of Leeds Rhinos for the 2018 season.
The panel was chaired by Steve Cox of Hodge Lifetime, and consisted of Gary Webster of Equity Release Supermarket, Stuart Wilson of more 2 life, Donna Bathgate of Equity Release Council and Adam Carnall of Age Partnership.
The conference is targeted at advisers working in the later life market, looking to broaden their knowledge and expertise.
Key Partnerships is creating new partnership account manager (PAM) roles to support its expanded team of business development managers, providing telephone support.
Key Retirement is highlighting the challenges and opportunities of this market at the first FSE event of the year at the Doubletree by Hilton in Glasgow on the 13 March.
Equity release lender More 2 life has launched an equity release product called ‘maximum choice’, offering rates of 5.65% for a one-off lump sum payment and 5.85% for drawdown.
TMA Club has launched SmartSearch to enhance its electronic identification checks (EID) so within three seconds of inputting data, advisers will have access to a completed AML check.