However, the equity release market has ‘reasons to be cheerful’ in 2024, the report shows.

The product bridges the gap between full interest serving mortgages and full roll-up lifetime mortgages.

Royal London’s confirmation as a Council member follows its acquisition of Responsible Group.

100% debt consolidation is now available on mortgages of up to £1m.

Lifetime mortgage advances fell by 40% in 2023.

Many will buy their partner out using savings, but some are turning to lifetime mortgages to stay in their homes.

60% believe there is a lack of choice and mortgage products tailored to them.

more2life has committed to a 48-hour turnaround as part of the new service.

The new rules extend protection to mandatory payment lifetime mortgages and all advice conversations must now cover income and expenditure.

The later life lender recently appointed Les Pick as director of intermediary sales.