We're pleased to let you know that you can now submit lifetime mortgage applications by email. This applies to both new business and additional borrowing applications. We can accept digital versions of the forms, or scanned copies of forms completed manually. Please read our email checklist before submitting your client's form to prevent any unnecessary [...]
If you have clients aged 50+ seeking to purchase or remortgage, they may be considering a RIO mortgage or even equity release. There are other options, and it’s as simple as a standard residential mortgage tailored to meet the needs of older borrowers. Here’s what you need to know: Loans from 5 to 40 years [...]
Here at Retirement Advantage we’re really passionate about supporting advisers, and that’s why we give you direct access to our underwriters. You can pick up the phone and speak to them, or email them directly to talk through any potential applications you might have. Our underwriters have a wealth of experience, and they take a [...]
We're changing rates on our Retirement Mortgage as of Friday 14th September. Any new business received on or after 14th September will be based on the rates below. Applications already received prior to this date will proceed on previous rates. Products included: Retirement Mortgage 2 year fix - new rate 4.05% Retirement Mortgage 5 year [...]
It's not just black and white with Older Borrower clients, we know that there's an increasing amount of grey! Excuse the pun, but, when looking at Older Borrower cases, it's not about the black and white but the grey in between. We've found that there's a growing number of your clients that need a personal [...]
All LTVs for both single and joint across all 3 products are reducing by 1%. Our Distribution and Underwriting teams are on hand to answer any queries. The last day for KFIs on old criteria is 7pm on Monday 17th September The last day for Apps on the old criteria is Monday 24th September View [...]
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.
Did you know that we offer mortgages up to £750,000 for your over 55 clients... Did you know our Older Borrower range offers mortgages up to £750,000 and we will take referrals beyond that too. It gives your clients who are in retirement or near to options for their mortgage on an interest only basis. [...]
Curious about the potential? Retirement Interest Only (RIO) mortgages are designed so borrowers can use the sale of their home as a repayment strategy to repay their mortgage balance when they die or move into long-term care. Unlike a Lifetime Equity Release mortgage, the interest doesn’t roll up on a RIO mortgage, meaning that [...]
Not all inheritance protection features are the same. With some lenders, the client has to select the feature on the application form and they may even charge a higher interest rate. Also, some lenders may restrict the future borrowing capacity of the client by locking away the protected element. more 2 life is different... Our inheritance protection [...]
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