Gifting drives record quarter for equity release

Gifting drives record quarter for equity release

Gifting Drives Record Quarter For Equity Release Source: financial Reporter Gifting is continuing to drive expansion in the equity release market with a quarter of pensioners now using property wealth to help family, according to Key Retirement data. The numbers using property wealth for gifting increased to 26% from 22% in the first quarter with…

37% using equity release to clear existing mortgages

37% using equity release to clear existing mortgages

37% using equity release to clear existing mortgages Source: Financial Reporter In the first quarter of 2018, 37% of Retirement Advantage customers took out equity release to clear an existing mortgage, up from the 27% who did so to clear existing mortgage debt in 2017. Its figures show that 48% of customers took out equity…

Aldermore launches into later-life lending

Aldermore launches into later-life lending

Aldermore launches into later-life lending By Rebekah Commane 11th May 2018 2:25 pm Source: Mortgage Strategy Specialist lender Aldermore is entering the later-life lending market with the launch of a range of products available on loans of up to £400,000. The new offering is aimed at applicants aged 55 to 85 who want to release equity from…