We have made changes to our Just For You Lifetime Mortgage. In summary we are: Reducing interest rates on J1, J2, and J3 Increasing LTV’s on J3 Please see details below: New J1 interest rates as follows: Product AER MER APR Cashback Min Advance Age range J1 3.62% 3.56% 3.7% £0 £10,000 55+ New J2 [...]
Chorley Building Society understands that lifestyles have changed long with the financial needs of borrowers. The Society recognises that the older borrower market continues to grow year on year, and in order to meet the demand of this ever increasing market the Society recently launched a range of Later Life Lending mortgages. The Later Life [...]
Welcome to this month's lending into retirement 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: Canada Life Home Finance offer £0 completion fee, for a limited time only; Pure Retirement help you to empower your clients; [...]
Your client’s home is more than just bricks and mortar. It houses a wealth of memories. So why would they necessarily sell their property when they can release some of the equity tied up in it to further enhance their lifestyle. Benefits of treating property as an asset The perception of equity release is changing [...]
We’re pleased to confirm that, following fantastic feedback from the market, we’re extending the completion fee waiver on all Capital Select Options. The completion fee will continue to be reduced to £0 on all Capital Select KFIs until 9th August 2019. Our Capital Select Options offer: £0 completion fee Free valuations Capital and interest repayments [...]
Heritage Product Launch Pure Retirement are excited to announce our new Heritage Range which offers ERC-free partial repayments to the whole-of-market for the first time. We have responded to the diverse needs and priorities of those in later life by enabling our customers to manage their plans if their circumstances change. The flexibility of the [...]
Chris Smyth – Business Development Manager, LV= Equity Release With the growing popularity of Equity Release and the constant market changes, more and more advisers see lifetime mortgages as part of a holistic financial planning process to help their clients in later life. In this evolving and exciting market, the number of [...]
Have you ever spent a lot of time helping a client, finding them the most seemingly perfect financial solution for their needs, and creating a KFI, only for it all to stumble over a piece of lending criteria you weren’t aware of? This is a frustration for many advisers, and one that we could [...]
At the risk of stating the obvious, we’re all going to die someday. It’s not exactly a cheery thought. But, if you don’t help your clients to make provision for their funeral costs, you could be leaving a gap in their financial planning for later life. A financial gap that may need to [...]
Get your younger borrowers onto the property ladder with a Joint Borrower Sole Proprietor (JBSP) mortgage. Newly launched, it gives up to two applicants with lower incomes the opportunity to combine resources with up to two parents to afford their own home. Steve Robinson, Head of Lending at Marsden Building Society, said, “There’s a [...]
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