Category: Equity release
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.
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.