Category: Equity release
Those servicing up to 25% receive a 0.01% reduction from the roll up interest rate, up to 50% a 0.10% discount, up to 75% a 0.15% reduction and up to 100% a 0.30% saving.
At the same time the society has made property downsizing available across its range of interest-only residential mortgages.
Taylor was previously operations director at Holloway Friendly and director of underwriting at Unum.
Help to Buy is in the top five residential searches for the second month running, while capital raising – debt consolidation’ appeared for the first time. Making up the other places were ‘maximum loan to age’ and ‘self-employed borrowers with one years’ accounts’.
City Finance Brokers is based in Central London and specialises in corporate and private clients; offering buy-to-let, commercial, development, bridging, protection and equity release.
This follows results in the first six months of 2018, with lifetime mortgage advances up 23% on 2017 at £521m and a market share of 28%.
The 2-year fixed lifetime mortgage is available on both OneFamily’s interest roll-up with voluntary payment option.
Key Partnerships reported that the customers it deals with via referral relationships are releasing an average £96,064, which is 12% higher than the market average (£85,373).
The tables, dubbed a ‘later life lending hub’, compares the four main areas of later life lending: retirement interest-only, lifetime mortgages, home reversion and retirement mortgages.
LV= has updated criteria for its lifetime mortgage lump sum+ policy so holiday homes can be rented out for up to four weeks at a time.