According to data from Moneyfacts, there are now more than 488 equity release plans on the market, meaning more choice for people who arranged their plans several years ago.
Paul De Croos, who joins UTB from the Bank of London and the Middle East (BLME), has taken over the role from Adam Bovingdon.
New firms joining have included Andrews Property Group, which helped take the total of mortgage and protection advisers to more than 2,500.
The void period between tenancies remained above LCP’s historic average, but the recent decrease indicates a return of activity in the rental market despite challenging times.
During March, the lender took client leads from 36 separate introducers, with a number of firms funding first cases.
All applications will be subject to robust underwriting checks, including full assessment of credit score and additional credit commitments, to ensure the society continues to lend responsibly.
Both products come with a free standard valuation up to £999 and are for first-time buyers and home movers only.
Advise Wise has designed the fact find with the recent Equity Release Council checklist and guidance in mind.
Woods is replacing Richard Kateley who is retiring after 33 years.
Octane Capital has reported its most successful quarter on record for completions in Q1 2021, with £92m loaned, an increase of 121% on Q4 2020.