Benjamin Wells, head of product and development at Advise Wise, takes a look at the lifetime mortgage market, the current falling base rates, and a long term perspective for later life...

Lifetime mortgage and retirement interest-only lending both rose in Q4.

The Society has launched a new RIO product and reduced 95% LTV rates.

As part of the changes, second homes for immediate family or personal holiday use are now accepted.

The later life lender has introduced a Flexi Interest Reward feature based on live pricing.

The tools are designed to free up advisers’ time by making pension calculations easier.

Many will buy their partner out using savings (18%), but one in 20 couples are turning to equity release to stay in their homes.

Access FS is looking to further expand its later life proposition.

Hodge’s Resi and Resi Retire offerings will have a new threshold for foreign nationals.

Paul Glynn, CEO of Air, says a focus on delivering positive consumer outcomes, as part of Consumer Duty, has required advisers to broaden their advice offering.