Category: Equity release
The distributor has partnered with specialists, BBH Legal Services.
Membership to the representative trade body for the equity release sector has been growing steadily, boosted by new entrants to the market.
Residents in London and the South East account for more than a third (34%) of all property wealth held by retired homeowners.
The building society offers a 3-year discount at 3.34% to 50% loan-to-value, which requires for there to be a power of attorney in place for the applicant.
More than half (56%) said they were not prepared to give up their family home to go on holiday.
Former FCA mortgage policy manager Lynda Blackwell (pictured) has urged the regulator rethink its approach to later life lending after creating a divide between equity…
Donna Johnson has previously worked at Alliance and Leicester and Santander.
The rebrand means the Equity Release Club has become Air Mortgage Club and The Later Life Academy has become Air Later Life Academy.
This follows an ONS report which suggested that by 2050, one in four people in the UK will be aged 65 years or over.
Previously this feature was only available after five years.