Three quarters (75%) of advisers feel it is important for family members to be involved in the equity release process – especially following the impact of COVID-19
Fluent Money Group has launched its new website, formally consolidating its six brands.
Nationwide has seen a rise in Silver Surfers releasing equity from their home, with seven in ten (70%) doing so without leaving their home using the society’s Video to Member service and the pandemic change way many apply for the Society’s Over 55s mortgages.
80% of equity release advisers are confident that the market will grow in 2022, a demonstration of the sector’s resilience after the events of 2020 and 2021.
Homeowners in 53% of areas in England and Wales could access more than the average pension pot (£61,930) by using equity release, research from Legal & General Home Finance (LGHF) has found.
Air Club has launched a new proposition, WriteRoute, to provide enhanced support to aid the adviser journey.
Delays could comprise up to half of the 40 to 50 day average offer validity term.
In July, August and September of this year, 22% of customers who took out a 50+ mortgage with Hodge said that they were using the money to improve their homes, compared with just 12% in the three months previous (April, May and June).
The average home value for lifetime mortgage borrowers reached £539,844 in October, up £84,367 in 12 months, according to the recent analysis.
Webb joins from Pollen Street Capital where he held the role of investment director, responsible for end-to-end management of credit investment and securitisation transactions in the UK and Europe, focusing on the specialist finance sector and asset-backed lending.
Air Mortgage Club, the later life services platform, has issued the final results from its ‘Later Life Lending Census’ of advisers either currently active, or wanting to operate, in the later life market.
Despite lending totalling £3.89bn in 2020, equity release is still an area of personal finance which many homeowners feel unsure about.