Over the last three years, the term 'Later Life Lending' has become familiar to most people in financial services but where has it come from and what does it mean? To answer that, you need to acknowledge that homeownership has undergone somewhat of a revolution over the last fifty years with building societies, banks [...]
In August we launched our 2021:Borrowing in Later Life report. A key theme running through the report, among others is the rising debt levels for the over-55s. more2life Corporate Marketing Director, Stuart Wilson, takes you through how many financial positions have worsened due to the impact of COVID-19 and what we can do to try can [...]
A quick reminder of some our flexible affordability criteria Highlights include: No Maximum age 👴👵 Up to 75% LTV 📈 Loans from £10K up to £1.25 million 💰 Sound good? Our sales team are here to chat through any cases involving 55+ clients 📞 https://loom.ly/xMdfb1o
We're making changes to our Lifestyle Select Options Read the full update now
With effect from Friday 5th November, we’re making the following changes to our Lifetime Mortgage Products. We’re decreasing rates on: Lifetime Mortgage Drawdown+ Lifetime Mortgage Lump Sum+ Please see the attached rate tables for the new product rates. Rate Tables
On Wednesday 10th November, we are increasing the interest rates on our J1, J2, J2.5 and Green LTV series J1 Interest rates are shown without cash facility loading or interest servicing reductions Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER 0% £0 £10,000 55-85 3.70% 3.76% 2% [...]
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Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Included in this week’s update: Nationwide reintroduces tracker products Land Bay introduce new Limited Edition BTL Remortgage only range Bluestone mortgages: An introduction to Complex Credit And so [...]
New Limited Edition BTL remortgage only range Landbay has launched an exciting range of Limited Edition 5 Year remortgage only products, with rate reductions of up to 25 bps! The products are available for standard, small HMOs and MUFBs for loan sizes between £250K and £500K. For more info, speak to [...]
News from TSB: TSB removes temporary coronavirus policies for affordability and offer extensions TSB has updated it’s temporary criteria relating to coronavirus impact to income and offer expiry, effective from 11 November. Due to the Government Job Retention Scheme ending on 30 September, the lender has removed reference to applicants being ‘furloughed’ or in [...]
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