Scottish Widows Bank enters equity release market

Scottish Widows Bank has announced that it is piloting an equity release mortgage product.

Related topics:  Later Life
Rozi Jones
31st July 2020
House money pound price growth
"Offering a mortgage with the option to unlock some of the equity in their property gives customers greater choice to help make the most of their assets in retirement."

The product is initially being trialled through Age Partnership, and Scottish Widows confirmed that they are shortly looking to expand the pilot through The Equity Release Experts, part of Key Group.

Claire Scott, head of business development at Scottish Widows Bank, commented: “As part of our ongoing commitment to the mortgage market, we continually review our offering, introducing new products and services as customer needs continue to change.

“People are living and working for longer, and as a result they are also facing new choices when it comes to planning for their financial future.

“Offering a mortgage with the option to unlock some of the equity in their property gives customers greater choice to help make the most of their assets in retirement.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.