Paul Glynn, CEO of Air, explores why waiting for lower later life mortgage rates could be counterproductive, and how providers are seeking to mitigate higher rates by introducing more...

Ben Waugh, managing director of more2life, says a revolution has begun and is continuing in the later life lending product space.

The product offers interest rate discounts to clients who choose to make regular payments.

Later life lender more2life has reduced early repayment charges (ERCs) on its Maxi lifetime mortgage range.er

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

Weekly pension income has only increased by 1% p.a. in real terms over the last decade, while house prices have jumped by two-thirds.

Aaron's career spans over a decade in the financial services industry.

The later life lender says that the new higher LTV options are designed to help advisers secure better and more affordable long-term outcomes for borrowers.

Advisers say products with more flexible criteria and which more easily allow capital repayment are most needed.

The panel agreed that a number of developments needed to occur to unlock the full potential of the market for advisers.