These loans are secured exclusively against luxury assets, enabling borrowers to access working capital and achieve their goals without having to rely upon traditional bank funding or bricks and mortar security.
In addition, Tuscan Capital will now consider funding applications for commercial property, buy-to-let portfolios and for land with planning consent.
Lloyd (pictured) said young people that have grown up with technology will feel more comfortable using tech for their mortgages when they’re older.
The refreshed range includes a choice of 2 and 5-year fixed rate mortgages for portfolio landlords and a selection of 5-year products for smaller-scale landlords, with different options for mortgages up to 75% and 80% loan-to-value.
The workshops, targeted at advisers who are already qualified to offer equity release, aim to give IFAs the know-how to establish themselves as the later-life lending experts in their local area.
Whether brokers have always wanted to complete a wildlife photography course in the Masai Mara, spend a week at the University of Cambridge Judge Business School or attend a triathlon training camp in California, UTB’s ‘Live and Learn’ promotion could help them to fulfill their ambition.
Some 26% of retired homeowners used equity release in the South West last year and 25% in Yorkshire & The Humber used some or all of the cash to support children.
All products will be available through Landbay’s approved distributor partners.
The expansion into Turing House will be the epicentre for the company’s equity release advisory firm Key, housing a customer engagement team, estate planning department, business quality control team and the businesses referral arm Key Partnerships.
These homes, a mixture of houses and apartments in Croydon and neighbouring Boroughs, will be leased to Croydon Council on a 40-year term, after which time they will belong to the council. Rents will be set at Local Housing Allowance (‘LHA’) levels.