The tool lists payment schedules, interest roll-up and the total amount borrowed/owed throughout the loan term.

The new reductions apply to LiveMore 2, 3 and 4 products.

Scott Burman, head of distribution at Pure Retirement, explores the differences between interest serviced lifetime mortgage and optional repayment lifetime mortgages and how advisers...

An interest serviced lifetime mortgage rewards customers with an interest rate discount while they make monthly payments on their lifetime mortgage.

The client is free to repay their lifetime mortgage in full at any point without incurring an ERC.

Members can now become Later Life Lending Accredited Advisers.

The guides will cover topics including estimating property values, help with legal process requirements, and lending criteria.

Rates have reduced across lifetime mortgage, standard capital & interest, standard interest-only and RIO products.

The Council hopes that the guidance will help move the conversation on green home finance forward. 

L&G has removed the requirement for one borrower to be employed when applying for PTLM.