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 [...]
In this issue: Remote working top tips Using LinkedIn to promote your business Hints & tips for moving to remote advice EY Lifetime Mortgages survey findings Welcome to the Spring issue of Later Life Perspective from your OneFamily team. We hope this latest edition finds you and your business safe and well whilst we [...]
Whilst COVID-19 has resulted in a huge downturn for the mortgage and protection market, the demand for Wills and Lasting Powers of Attorney has soared. The Telegraph reported that there has been a 30% rise in Will requests in direct response to the COVID-19 pandemic. As such, now is a perfect opportunity to get [...]
LV=’s new desktop valuation solution for Lifetime Mortgage Lump Sum+ is now live. You can now submit your client applications and they will be considered for a desktop valuation. Please be aware that desktop valuation is not available for LV=’s Flexible Lifetime Mortgage product. Submissions for desktop valuation eligibility To enable LV= to review any [...]
Coronavirus update As the coronavirus situation continues to evolve, we want to update you on how it impacts our service to you and your clients. Business update and FAQs Our website is updated as the coronavirus situation evolves. You can find our business update here, as well as our adviser FAQs, www.canadalife.co.uk/adviser/coronavirus-support-hub. Our customer update can be [...]
We’re living in unprecedented times, lockdown is in affect and we all have a responsibility to ensure a level of social-distancing. This isn’t something that can be ignored, particularly due to the clients within our sector, who by the very nature of the business unfortunately do fall into a high risk category. So what [...]
Coronavirus is making us all step outside our comfort zones. Social distancing restrictions have required a major rethink of how we do business. But it’s amazing how quickly it is possible to adapt to such a huge challenge. As one of the leading providers of lifetime mortgages, it’s been necessary to transform our ways [...]
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