Category: Equity release
There are now more than 525 whole of market plan options on the market.
Legal & General’s RIO is an interest-only mortgage designed for those aged 55 and over with a minimum property value of £100,000.
Hodge has appointed Matt Burton as group retail director and deputy chief executive.
The CII noted positive delegate feedback and commended the workshops’ level of interactivity, as well as the clarity and quality of materials.
LiveMore offers interest-only mortgages of up to 75% loan-to-value (LTV) and fixed-rate periods which range from five years to lifetime.
Claire Barker, managing director at Equilaw and director at Thomas Legal Group, has taken the post.
The broker advised on £41m of lifetime mortgages in August 2020.
Mortgage-free homeowners aged over-65 have seen the equivalent of a gain of £6,032 each, on average.
The ‘Air Care Month’ will focus on providing information and support on long-term care issues.
£588m of the total amount of new equity released was used to clear some form of borrowing.