Q3 saw an 8% quarterly rise in existing customers taking further advances to extend their loans.
Related topic: Equity release
For the first time, there is a preference for drawdown over lumpsum plans among new customers.
Paul Glynn, CEO of Air, underscores the importance of advisers having comprehensive conversations to guide their over-50 clients through the maze of options available to them.
The event is being held in Sheffield this November.
The tool lists payment schedules, interest roll-up and the total amount borrowed/owed throughout the loan term.
The new reductions apply to LiveMore 2, 3 and 4 products.
Scott Burman, head of distribution at Pure Retirement, explores the differences between interest serviced lifetime mortgage and optional repayment lifetime mortgages and how advisers...
An interest serviced lifetime mortgage rewards customers with an interest rate discount while they make monthly payments on their lifetime mortgage.
Square 4 helps firms navigate compliance, regulatory challenges, and operational improvements.
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