Welcome to our latest update dedicated to the topic of later life planning. Please take the time to read through the update as there may be some information that is important to you. This month's update includes: One Family launch super LTV product; Ipswich Building Society have made later life mortgages easier; Aviva redefine [...]
Chorley Building Society understand that lifestyles have changed and with them financial needs. The Society has now launched a range of Later Life Lending mortgages for older borrowers who wish to apply for a mortgage past the age of 70 or are in need of a mortgage term that will take them beyond the [...]
LV= are thrilled to let you know that their Equity Release products have maintained their excellent Defaqto and Moneyfacts ratings for 2019. For the third year in a row, LV= has achieved a 5 Star Defaqto Rating for both their Lifetime Mortgage Lump Sum+ and Flexible Lifetime Mortgage products. And for a second year in [...]
We’re experts in lending to older borrowers. Here are some of the ways we can help to place your case: No maximum age limit AND up to a 40 year term When calculating affordability we accept 100% of pension income, 75% of investment income and a proportion of other income such as property rental (if [...]
We've increased the LTV’s on our J2, J3 and J4 as follows: Customer age (based on youngest customer) J2 J3 J4 Single Life Joint Life Single Life Joint Life Single Life Joint Life 55 21.0 21.0 23.9 23.0 24.0 23.1 56 22.0 22.0 24.9 24.0 25.0 24.1 57 23.0 23.0 25.9 25.0 [...]
Rate and LTV Changes Please note that these changes will take effect from Friday 22nd February. MER AER Max Plus DD1 Age 60–71: 5.97% Age 60–71: 6.14% Age 72+: 5.69% Age 72+: 5.84% DD2 Age 60–71: 5.83% Age 60–71: 5.99% Age 72+: 5.55% Age 72+: 5.69% DD3 Age 60–71: 6.12% Age 60–71: 6.29% [...]
The level 3 Certificate in Equity Release meets the FCA'’s requirement for mortgage advisers and those advising on equity release schemes. In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. Our one day course will overview the entire syllabus with you plus vital examination [...]
With our new Income Lifetime Mortgage TV campaign now live, we’ve created a range of tools and white label materials to help you attract new clients - See our new marketing templates Many people tell us that they would like more disposable income to enjoy their retirement. Retirement isn’t what it used to be – [...]
We understand that more business is coming from older borrowers who are looking to borrow more or to re-structure their mortgages. We were one of the first to lend to those in, or approaching retirement and we are continuing to support later life lending, offering no maximum age limit at inception or termination of the [...]
Equity release is no longer seen as an option of last resort, which only a handful of advisers consider for their clients, but now forms part of holistic financial advice. Due to the increasing levels of demand for later life products such as lifetime mortgages, LV= are investing time and effort to shape even more [...]
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