Category: Equity release
Mortgage-free homeowners aged over-65 have seen the equivalent of a gain of £6,032 each, on average.
The ‘Air Care Month’ will focus on providing information and support on long-term care issues.
£588m of the total amount of new equity released was used to clear some form of borrowing.
This follows the launch of a new and enhanced broker portal, and comprehensive integrations with both the Iress and Advise Wise sourcing platforms.
Members of Air Mortgage Club will now be able to access LiveMore’s range of retirement interest-only (RIO) mortgage solutions for the over-55s.
The addition of the two later life brands brings the total number of lenders on Legal & General Mortgage Club’s panel to more than 90.
Some 20% of those considering equity release said that the pandemic’s impact on their broader family’s finances has meant that they’re more likely to take out the product.
Launched in 2020, LiveMore aims to offer flexible affordability criteria, greater borrowing power up to 75% LTV and extended fixed interest rates with simple ERCs.
The ‘Tailored Enhanced’ and ‘Tailored Lifetime’ plans will replace the lender’s current ‘Tailored Plus’ and ‘Tailored Lite’ plans respectively.
The ONS Wealth and Assets preliminary data found that a quarter of British people thought property investment would be the best way to fund retirement.