Related topic: Equity release

We spoke to Jim Boyd, CEO of the Equity Release Council, about how the later life market has transformed in the 35 years since the Council was founded, how safeguards have evolved...

Customers are using the product more as a structured financial planning tool rather than for discretionary spending.

Together will contribute to the Council's work encouraging greater collaboration and understanding across the wider later life lending market.

Fairer Finance and the Equity Release Council warn the government that urgent action must be taken to ensure housing wealth becomes a recognised part of mainstream retirement planning...

The lender has launched a new 'interest reward' product.

more2life will also consider cases where spray foam is present.

Later life loans represent 7.8% of all residential loans and 20.6% of all buy-to-let loans. 

The Apex Zero product aims to help borrowers who believe their circumstances might change within the period that ERCs would usually apply.

One in six lifetime mortgages are now taken out against homes worth more than £700,000.

Total lending rose to £597m in Q2, up 4% on the previous quarter, with new customer numbers up by 9%, returning to 2025 levels.