Later Life

LiveMore Capital unveils new fixed term interest-only mortgage

LiveMore Capital has launched its new term interest-only mortgage for over-50s. An alternative to LiveMore’s...

Paying off mortgage remains most popular reason for equity release

46% of equity release applications to Canada Life in 2021 were from customers looking...

Equity Release Council introduces new repayment safeguards

The Equity Release Council has announced that new equity release customers will be able...

New high in value of housing available for equity

A record £760 billion of equity was available for release in UK homes in...

Air Group breaks £1bn distribution barrier

Air Group has reported that over £1 billion of later life lending was placed...

Pure Retirement revamps intermediary sales team

Pure Retirement has expanded its intermediary sales team, providing its advisers with access to support...

Covid made it harder to spot vulnerable customers

More2life has reported that half of advisers say it is harder to identify vulnerable...

Key Group appoints national account manager

Key Group, the specialist provider of over-55s' financial solutions, has appointed Alistair Morrison as...

Key: size of withdrawals driving equity release market

A record £4.4 billion in property wealth was released in 2021, according to data...

Technology can improve equity release advice, lending and underwriting

Firstly, may I wish you all a very Happy New Year and welcome to...

Second charges helping businesses to capital raise

Business owners are using second charge mortgages to raise capital as the Omicron variant...

22% of workers expect to use home to fund retirement

Research from Legal & General Home Finance (LGHF) has found that 22% of people...

Key to embed AI into its customer service

Key has partnered with speech analytics platform Aveni.ai to add artificial intelligence to its...

22% of customers don’t discuss equity release with family

71% of customers seeking equity release advice with immediate family said they had discussed...

COMMENT

Stop tinkering: Why mortgage tech needs a proper overhaul

Let’s be honest. If you work in the UK mortgage market right now, you know we’re all running pretty fast just to stand still. Between...

This is a different mortgage market and borrowers are reacting to it

It is important to be clear about what has changed in the mortgage market over the last month or so, because the latest data-specific...

The rise of larger deposits

The first-time buyer profile is changing. Increasingly, buyers are entering the market with larger deposits than at any point in recent years as many...

Is life insurance too confusing to buy?

While there are peaks and troughs depending on where we look, the UK life insurance market is typically quite flat, including mortgage-related protection. Recent data...

Why the government’s housing ambitions won’t fix the affordability crisis

With the bidding open for the government’s £39bn Social and Affordable Homes Programme - the main pillar of its long-term housing strategy - homebuying...

Latest news

First-time buyers turning to side hustles to bridge deposit gap

Almost half of aspiring first-time buyers are using secondary income streams to help fund...

Vida cuts residential rates and loosens criteria for self-employed and contractor borrowers

Vida has reduced selected residential mortgage rates by up to 106 basis points and...

Iress adds AI underwriting tool to The Exchange in protection push

Iress has struck a deal with The Interesting Life Company to offer an AI-powered...

Property firms still relying on manual checks as AI fraud risk grows

More than half of identity verification checks in UK finance and property businesses are...

PROFILES