Category: Equity release
The Stockport-based society offers mortgages for regulated buy-to-let, interest-only, minor adverse, into retirement and interest-only retirement.
UK homeowners released £86,400 last month – the highest amount of equity ever released with the provider in a month.
This comes as the PLSA launch a new consultation designed to help people define and meet their retirement goals.
SMI is a benefit for people with jobseekers allowance or pension credit which pays off the interest on mortgage loans – but from 5 April 2018 it is being withdrawn.
Key’s Pensioner Property Equity Index shows over-65s in the North West are most likely to own their property outright,
Age Partnership has seen one of its TV ads pulled by the advertising watchdog following viewer complaints.
The South Wales-based group owns Y3S Loans, Y3S Bridging & Commercial, Chaseblue Loans, Y3S Private Clients, B2B Financial and Pink Pig Loans.
Research found that while retired people want to save to pass on an inheritance, their children would rather they spent the money on living today.
Burrowes will formally take over from Waterson in December in order to ensure an orderly transition.
There are no age restrictions or maximum term, and mortgages can be on either repayment or interest-only terms.