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Almost 400 misleading promotions by later life mortgage firms had to be scrapped or amended, following a review by the Financial Conduct Authority. The City watchdog’s study looked at firms responsible for around half of all lifetime mortgage sales and found that “in many cases, advice did not meet the standards ....
Lifetime loans slide 5% to £664m in the second quarter of the year from the previous three months, making it the quietest lending period for these mortgages in almost seven years, data from the Equity Release Council shows. The fall in these loans between April and June is the lowest quarterly figure since the ....
Exclusive: LiveMore and More2Life latest later life firms 'right-sizing' for downturn mortgagesolutions.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagesolutions.co.uk Daily Mail and Mail on Sunday newspapers.
Borrowers in the later life lending market need coordinated action by industry, government and regulators to ensure higher retirement standards, a report says. The UK’s £5trn housing wealth can help address major challenges facing the UK’s ageing population such as funding social care costs, aiding ....