Category: Equity release
That is according to research from the Centre for Economics and Business Research commissioned by equity release lender more 2 life.
Paul Hunt (pictured) will remain as chief executive.
Single women over 55 accounted for over a quarter of new equity release agreements made in late 2018, up 50% from the previous year.
Christine White and Lisa Green have joined as underwriters, and Karen Welch, Lucy Donaldson and Louise Fuller have joined as mortgage processors.
Members of the Equity Release Club, the distributor for equity release and later life advisers, will now be able to access the Newbury’s range of mortgage products for later life customers.
The council has called for cross-party later-life commission to be set up to help meet the long-term needs of people in later life.
The criteria-based sourcing system’s criteria index has found both categories feature in almost every monthly list and the search for loans for self-employed borrowers has been in the top two for 10 out of the past 12 months.
Three in five (62%) specifically said they want to help their loved ones become homeowners.
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The number of deals has also risen, giving more choice to prospective borrowers.