Category: Equity release

This follows a raft of recent product and criteria changes by lenders.

Spicerhaart Corporate Sales has selected specialist later life finance provider Responsible Life as its refinance partner for its interest-only solution.

Knight Frank’s later life team will be headed by David Forsdyke.

The most common types of introducers are mortgage brokers (42%), IFAs (40%), wealth managers (6%) and estate agents (3%).

It said this makes it clearer to the customer which products offer better terms based on the provider’s health questions.

The online interactive training module, has had more than 500 advisers sing up to it.

Read, who joined HLP in March as a trainer, has an extensive background in equity release and compliance.

Features such as being situated near a busy commercial property or on a flood plain will mean that the case is more likely to be declined. 

Members of the club can now use the system to search for suitable mortgage products for their clients from 200 lenders.

This comes as the UK population is ageing, with the number of over 85s expected to more than double to 3.2 million by 2041.