Category: Equity release

Some 26% of retired homeowners used equity release in the South West last year and 25% in Yorkshire & The Humber used some or all of the cash to support children.

The expansion into Turing House will be the epicentre for the company’s equity release advisory firm Key, housing a customer engagement team, estate planning department, business quality control team and the businesses referral arm Key Partnerships.

The products are available through advisers for all homeowners aged 55 and over.

Customers are able to redeem their loan in full without the application of an early repayment charge if they need to move to a new property that does not meet Aviva’s lending criteria, subject to terms and conditions.

The Leeds-based provider, alongside sister company, Age Partnership Group helped Nationwide to enter the equity release market in 2017, will manage the set-up and ongoing customer servicing of Nationwide equity release customers.

Two years ago, Fluent Money’s head count had reached 100 but has now grown to 276, with all team members working from the head office building, based on the site of the old locomotive building works at Horwich, and the company plans for further expansion this year.

Subject to regulatory approval, a lifetime mortgage advice service would form part of the growing retail retirement division of Legal & General.

Members of the Club will have immediate access to a range of later life lending products including its new ‘Super LTV’ product designed to offer borrowers greater flexibility and choice by allowing them to unlock up to 58% of the equity in their home.

The workshops, which are free of charge to attend, will run nationwide throughout May 2019. Each workshop includes three distance-learning modules and a day-long training course with Canada Life at one of six UK locations.

Interestingly the top searches within equity release have shifted in recent months from factors affecting the loan to considerations relating to the property itself.