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Regulators will be less intrusive if equity release 'keeps house in order' – Pond https://track.everyinvestor.co.uk/3dfd0910

#releasing_equity #lifetime_mortgage

Price comparison service MoneySuperMarket has today announced a strategic partnership with the UK’s leading whole of market equity release experts, Equity Release Group (ERG). https://track.everyinvestor.co.uk/c60bd7c0

#equityrelease #equity

Payne agreed with Deacon that the later life lending market was growing due to an ageing population, and they would have different financial needs and would need “different products”. https://track.everyinvestor.co.uk/c1725770

#lifetime_mortgage #equityrelease

The listed group posted underlying operating profit up 47% to £377m, boosted by retirement income sales, which jumped 24% to £3.9bn. https://track.everyinvestor.co.uk/be104300

#equityrelease #lifetime_mortgage

For instance, the ERC updated its standards to include mandatory payment lifetime mortgages, which brought an extra layer of reassurance to customers who are looking for improved borrowing options. https://track.everyinvestor.co.uk/48620a30

#equityrelease #equity

New customers are choosing drawdown plans with smaller initial advances, while existing customers are being more modest about their borrowing compared to the start of last year. https://track.everyinvestor.co.uk/44eb0850

#equityrelease #releasing_equity

The move will bring together the later life firm’s technology platform, Equity Release Supermarket as well as its lending partners – who include Aviva, LV= and Hodge. https://track.everyinvestor.co.uk/3fea5a60

#equity #lifetime_mortgage

Looking at UK group protection, gross premium income increased 12 per cent to £479m year-on-year (YOY), which it said was due to “good retention” and new business annual premiums of £121m. https://track.everyinvestor.co.uk/c71627c0

#equity #equity_release

The group forecasts that following its strong H1 performance, in 2024 it expects to “substantially” exceed its previous guidance of doubling 2021’s £211m operating profit in three years. https://track.everyinvestor.co.uk/c32d9300

#equityrelease #lifetime_mortgage

Ultimately, engaging with later life lending products can lead to positive outcomes for both clients and advisers. https://track.everyinvestor.co.uk/bf1b9940

#equity #lifetime_mortgage

Types of income that later life lenders might welcome This may not be as prohibitive as you might think. https://track.everyinvestor.co.uk/4b509760

#equityrelease #lifetime_mortgage

We expect these macro forces to have a negligible effect on the group’s business model, with the normalisation of long-term interest rates continuing to drive demand for our products,” it said. https://track.everyinvestor.co.uk/4797aa70

#equity #lifetime_mortgage

Using a lifetime mortgage to pay for a holiday was the third-most popular use of the released funds, followed by home improvements, as cited by a quarter of borrowers. https://track.everyinvestor.co.uk/437f7130

#releasing_equity #equity

The interest rate offered will also be based on whether the borrower is a sole or joint applicant. https://track.everyinvestor.co.uk/caf10d30

#equity_release #releasing_equity

Change the equity release experience The ERG said this now positioned its technology arm Equitec as a unique offering to borrowers aged 50 and over. https://track.everyinvestor.co.uk/c6b209b0

#lifetime_mortgage #equity

Later life lending market is ‘unrecognisable’ from 10 years ago, says Viva Retirement co-founder - Mortgage Solutions https://track.everyinvestor.co.uk/c25cc130

#releasing_equity #equity_release

Did You Know That You Can Use Equity Release for Consolidating Your Debt or Funding a Luxury Trip? 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗠𝗮𝗻𝘆 𝗨𝘀𝗲𝘀 𝗛𝗲𝗿𝗲: https://track.everyinvestor.co.uk/263bdb10

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