Category: Equity release
The smartER platform works by presenting a shortlist of equity release plans following completion of a short user questionnaire.
More than one in five (22%) are seeking greater financial freedom by unlocking equity from their home.
The service, available across the Just For You range, means intermediaries can tailor a lifetime mortgage to each individual client.
Later Life Solutions provides a range of support options for PMS Mortgage Club members who either currently advise on equity release or are looking to qualify and enter this sector.
Branded Standard Life Home Finance, the products will be provided by Key Group and will use its platforms.
Lyndsey Simpson, chief executive of 55/Redefined, said: “55/Redefined is delighted to be working with Fluent Money providing access to mortgages and loans for over-55s.”
Legal & General Mortgage Club has appointed Aviva to its lender panel giving its members access to two equity release lifetime mortgage products, including a lump sum and drawdown option.
The agreement allows Paradigm member firms, who do not advise on equity release as a core part of their offering, to refer those clients to HUB Financial Services.
Phoenix has been active in the equity release market since 2016, and at the end of June 2021 about a third of its £10.7bn diversified illiquid asset portfolio comprised equity release mortgages with an average AA rating.
The average property purchased with the support of equity release was £362,742, slightly higher than the average for all properties (£355,155).