Related topic: Equity release

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.

John brings more than four decades of experience gained from senior leadership across financial services, government and public policy.

Home adaptations and improvements still remain the top reason for releasing equity.

Jim Boyd, chief executive of the Equity Release Council, says the retirement challenge now extends beyond pensions, with longer lives and rising care needs creating new financial...

Innovation and leveraging technology are vital to drive consumer outcomes and market growth, Waugh believes.