Category: Equity release
Equity Release Associates noted that this decision stems from it intending to support its growing community of later life advisers.
The savings and retirement specialist is introducing a 1% cashback deal across its Drawdown+ and Lump Sum+ lifetime mortgages.
The impact of COVID-19 has resulted in 67% of over 50s outlining that they intend to receive care at home in the future amid confusion over costs.
Hodge have said they will continue to sell all other existing products including RIO and holiday let mortgages.
The total amount of housing equity available to UK homeowners aged over-55 now stands at an estimated £600.5bn.
Following a record year of lending Fluent Lifetime, which was established in 2018, has ranked fifth for completed cases.
The number of providers that offer RIO mortgages sits at 22, the highest number recorded by Moneyfacts so far.
As a result of the partnership, Aviva’s equity release realtime rates are now available through Iress’ The Exchange.
The latest analysis from Moneyfacts revealed that the equity release market has been buoyant as lenders have pushed the average rate of a lifetime mortgage to a new low of 3.95%.