The picture by 2020…
Later life lending is becoming more and more relevant. Over the next three years the older generation is set to double which will have a huge impact on the borrowing requirements. Do you have existing clients who have outstanding debts entering retirement?
Later life lending could be the solution. The key lending criteria is:
• No maximum age limits on many products
• Cases underwritten manually so more flexibility
• Interest only options available
• Specific affordability criteria
Aviva: Tools to help your protection conversations & Fracture Cover reprice update
Fracture Cover reprice update At Aviva, we’re constantly analysing our claims data to help us improve the cover we offer to your clients. We enhanced our Fracture cover last year and the volume of claims [...]
AIG: An Over Fifties Life Plan that is Simple, Quick & Easy
We've created a quality Over Fifties Life Plan for advisers, to help you meet the growing needs of your customers.To cover rapidly increasing funeral costs or to leave a financial gift for loved ones, our [...]
TFC: Using a packager for later life lending
Raising capital in later life can often be a challenge – with High Street Lenders there is often an age cut off which can limit the choices for borrowers. Then, there are specialist lenders [...]
Leeds Building Society: Lending into retirement affordability assessment tool
Lending into retirement affordability assessment tool There are many reasons why lending into retirement is more in demand than ever before – the UK population is aging and life expectancy continues to increase. On average [...]
The Family Building Society: Lending to your older and retired clients
There’s no such thing as ‘normal’ clients these days. You know that and so do we. It’s why we offer mortgage solutions that work for everyone. We’re human and understand that people are [...]
The Right Will: New cartoon to encourage your clients to write a Will
New Cartoon to help encourage your clients to write a Will We have released a new cartoon which explains the importance of writing a Will to your clients. Please feel free to share this video [...]
Marsden: Download our new Older Borrower Portfolio
Product Update live from 31 October 2017 Our new products are available from today across our Residential, Older Borrower and Buy to Let portfolios. All previous portfolios withdrawn with immediate effect with applications accepted up to Friday 3 [...]
Later Life Lending Update – November 2017
Welcome to our latest update dedicated to the topic of later life planning. We will seek to arm you with all the tools and knowledge you will need to satisfy all of your clients' [...]
