Stuart Wilson of more 2 life: Market could introduce a ‘LIO’ mortgage

Mortgage Introducer

November 7, 2018

Stuart Wilson of more 2 life wants the market to introduce a ‘Lifetime Interest-Only’ mortgage – a product that gives consumers the benefit of a rollup lifetime mortgage but with an interest served portion on top to reach higher LTVs. He also discusses whether equity release can now be considered a mainstream product, whether RIO and equity release products are overly siloed, dealing with legacy issues and fixed rate ERC products.

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