Related topic: Lifetime mortgage

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

More than eight in ten Advantage customers are servicing 100% of their monthly interest.

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.

All new OPLM customers will receive a tailored rate reduction of between 0.01% and 1.00%.

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

Will Hale, CEO of Key Equity Release, says advice processes and philosophies have not evolved with product innovation in later life lending, nor adjusted to the new realities of...

The later life lending market demonstrated resilience amid lower transaction volumes in Q1.