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Standard Life Home Finance is offering a new payment option on its ‘interest reward’ product, designed to widen the appeal of these equity release products. Its Horizon Interest Reward product, launched in January, will now offer a 25% interest served option. This give customers who commit to paying 25% of the
The Equity Release Group has rolled out software for lenders that tracks customer activity before funders become involved in later life cases. The data set allows lenders to gain access to a management information suite that details customer activity prior to lender's usual involvement in direct-to-customer, or
Many are emotionally attached to their homes because of the memories they have made and lives built. If they needed cash for retirement, they would probably be receptive to a way of staying while accessing its capital value to help fund their retirement. This can be achieved through equity release.
Simplifying the tax rules on gifting in March’s Spring Budget would help boost the housing market and ease the first-time buyer crisis. This is according to equity release adviser Key Later Life Finance. The adviser points to the fact that the number of first-time buyers last year slumped to an estimated 290,000 -
Countrywide Surveying Services has become an associate member of the Equity Release Council. Countrywide Surveying Services provides a range of valuation, survey and panel management services, for both the standard and later life lending market. The Equity Release Council represents lenders, advisers and other