Category: Equity release
Hodge have said they will continue to sell all other existing products including RIO and holiday let mortgages.
The total amount of housing equity available to UK homeowners aged over-55 now stands at an estimated £600.5bn.
Following a record year of lending Fluent Lifetime, which was established in 2018, has ranked fifth for completed cases.
The number of providers that offer RIO mortgages sits at 22, the highest number recorded by Moneyfacts so far.
As a result of the partnership, Aviva’s equity release realtime rates are now available through Iress’ The Exchange.
The latest analysis from Moneyfacts revealed that the equity release market has been buoyant as lenders have pushed the average rate of a lifetime mortgage to a new low of 3.95%.
Jon Tweed initially joined Air Group as a project consultant in September 2020 to help develop its wider later life lending adviser offering and will now join the business in a full-time role.
The initiative is open to all Advise Wise members, with the intention of providing them with a better understanding of the council’s recently launched ‘Advisers 24 points checklist’.
As part of the agreement, more2life will offer additional support to PRIMIS members as well as access to resources such as webinars and education collateral.
Annual lending to new and existing customers reached £3.89bn in the equity release market in 2020, according to the latest data by the Equity Release Council.