Chorley Building Society has refreshed its ‘Later Life Lending’ products after reviewing the range in line with broker feedback. Previously, all borrowers fell into the same category if their mortgage loan took them over the age of 70, regardless of their age at application of the loan. After listening to feedback from brokers and [...]

Product update We’ve just introduced a market-leading innovation in our Heritage Freedom 40 product, which offers customers the ability to repay up to 40% of their loan each year ERC-free. In addition, Freedom 40 also allows up to twelve repayments per year, meaning customers can set up a monthly payment and reduce the impact [...]

Canada Life has confirmed a dual approach to valuations following recent Government advice and the easing of lockdown in England. In close partnership with e.surv, new ways to recommence onsite valuations have been explored, helping to minimise the interruption to clients and provide greater flexibility. This dual approach means that Canada Life is now [...]

Q&A with Chris Smyth, LV= Equity Release Business Development Manager Q: Recent figures released by the Equity Release Council show that the value of property wealth accessed via equity release products during Q1 2020 rose by 14% year-on-year to £1.06 billion before the recent lockdown. To what extent do you feel that new business [...]