Category: Equity release
Wilson was speaking at a debate on ‘Tackling Care & Capacity with Housing Wealth’ at today’s FSE Midlands event at the Ricoh Arena in Coventry.
The government has signaled the inclusion of equity release information as part of its Single Financial Guidance Body offering but more 2 life said older homeowners need sufficient guidance to make informed choices.
Tipton’s product starts from 3.34% to 60% loan-to-value and £1m, with no term restrictions and up to 25% equity can be released. Free legals and valuation, up to £400,000, are available on remortgages.
Equity release lender more 2 life, has has more than £2bn worth of loans under management – doubling its total loan size in a year.
Over £1bn of property wealth was unlocked for the first time in any quarterly period in Q3, up £195m (24%) year-on-year, The Equity Release Council has found.
The expansion of the Bank of Mum and Dad (BOMAD) is driving a switch to tougher lending rules, equity release adviser Key has found.
Key Partnerships, the equity release referral service for equity release specialist Key, has appointed Kay Westgarth as national account manager, responsible for managing a panel of networks, mortgage clubs and brokers.
Canada Life has rebranded Retirement Advantage’s Equity Release to Canada Life Home Finance.
The lender, which uses funds provided by its founder Ben Shaw and a number of high net worth backers, aims to provide an alternative solution for individuals who don’t fit the requirements of standard equity release lenders or borrowers who want to access funds within two weeks.
Equity release lender, more 2 life, has added a drawdown facility to its capital choice plan, allowing customers to take out a minimum amount of £2,000 and a maximum drawdown amount of double the initial loan amount.