Page 3 - Claire Singleton News Today

Diversity Ally will utilise Evessio’s ‘Awards Room’ and ‘Awards Hub’ to help manage and run the awards, which are due to take place at Cutty Sark, Greenwich, on 26 April 2022

Diversity Ally will utilise Evessio’s ‘Awards Room’ and ‘Awards Hub’ to help manage and run the awards, which are due to take place at Cutty Sark, Greenwich, on 26 April 2022

Three million plan to relocate in retirement, ditching the city for rural settings

Over-55 homeowners unlocked £1.15bn of property wealth via equity release during Q3 2021, down 2% from Q2 (£1.17bn), according to the ERC.

While one in three homeowners saw their mortgage as an investment in their future, more than half of renters said it was unrealistic they ever would ever purchase a home.

More than half - 57% - of homeowners have expressed an interest in releasing equity from their property in later life. Broken down by age, this statistic increases to 74% for homeowners aged 30 to 39 while 47% of homeowners in the 60 to 69 years old age bracket are interested in accessing money from the value of

Equity release is likely to see a surge in activity over H2 2021, according to Claire Singleton of Legal & General Home Finance.

Redemptions are likely to slow following the conclusion of the Stamp Duty Land Tax (SDLT) holiday, according to Claire Singleton, chief executive of Legal & General Home Finance.

Legal & General bring out RIO through mortgage club only By Gary Adams 19 th April 2021 12:06 pm Legal & General Home Finance has issued a new retirement interest-only product available exclusively through the Legal & General Mortgage Club. Available at up to 60% LTV, the rate is set at 3.39% and charges zero fee. Overpayments of up to 10% each year can be made. This compares to the lender’s current RIO product, with a rate of 3.55% and a £599 fee applicable. Lega...

Legal & General Home Finance has introduced a retirement interest-only (RIO) product, available exclusively through Legal & General Mortgage Club. Legal & General Home Finance’s current RIO option is available to the market at 3.55%, up to a maximum of 60% loan-to-value (LTV) and with a product fee of £599. However, Legal & General Mortgage Club members will now be able to access the exclusive RIO with a rate set at 3.39% and no product fee. Legal & General Home Finance’s product also come...