Exploring New Horizons in Later Life Lending | The Challenge

The dynamics of later-life lending are evolving. Traditionally, equity-release products dominated the market. These products were aimed at seniors who were “property rich and cash poor.” However, today’s older borrowers have different demographic and financial profiles. This shift presents new opportunities and challenges for intermediaries, especially mortgage brokers. The Changing Face of Later Life Borrowers […]

Discover New Opportunities | Later Life Mortgages

Discover New Opportunities   Addressing the financial needs of the elderly is crucial, and the industry recognises this pressing concern. With an ageing population and evolving client aspirations, resolving this challenge will only grow in importance. Long-term care costs are also a looming consideration. Consequently, there is a growing impetus within the mortgage industry. Mortgage […]

Equity Release Mortgages | Mortgage Finance Gazette Discuss

Exclusive: Mortgage Finance Gazette Discusses the Potential Social Impact | 2021   In 2019/2020, 86% of initial pension withdrawals came from pots valued at less than £10,000. Even with access to a full state pension, financial strain may occur. The Pension & Lifetime Saving Association’s ‘Retirement Living Standards’ suggests a single person needs over £10,200 […]

Equity Release over 55 | Radicalised Equity Release Market

Liz Syms, CEO and Founder of Connect Mortgages Liz Syms, CEO of Connect, discusses the impressive expansion of the equity release market in recent years. Notably, the number of customers increased by 81% in the first half of this year compared to 2016. This remarkable growth has been accompanied by a sharp rise in product […]