Category: Equity release
Total property wealth owned by over-65s who have paid off mortgages is valued at £1.224trn and has increased by £46.135bn in the past year.
Total property wealth owned by over-65s who have paid off mortgages is valued at £1.224trn.
In contrast, single men planned to gift just 13% of the property wealth they released.
more2life has launched Capital Choice Ultra Lite, a lifetime mortgage for those with high-value property.
Members will now have access to Legal & General’s product range.
Andrew O’Connor, John Spink and Sara Whitbread will be joining the company.
The council has made the senior appointments of a membership and business development manager and public affairs manager.
Advisers expect the equity release market to rebound quickly, with 62% expecting the market to return to pre-COVID levels by Q2 2021 and surpass them by the end of the year.
Key Partnerships attributes the small recent decline to the impact of coronavirus.
More2life is currently the first equity release lender on Brilliant Solution’s Mortgage Club Panel.