Archive for the ‘Lifetime Mortgage’ Category
Enjoy a Low Equity Release Interest Rate for Life
Customers taking out an equity release plan with Age Partnership can make great savings and could also benefit from releasing more than they thought.
You’ll Love LV=’s New Lifetime Mortgage Offer
If you are considering an equity release plan then LV=’s fantastic lifetime mortgage offer is not to be missed!
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You Could Release More Equity With Aviva
Now is an ideal opportunity for you to release more tax-free money from your home! That’s because the latest lifetime mortgages from Aviva allows you to release a greater percentage of your property’s value.
Aviva Lifetime Mortgage Plan with Preferential Terms for Age Partnership Clients
You may now be able to release even more tax-free money from your home! That’s because Aviva has increased the percentage of your property value that can be released with their latest lifetime mortgage plan. What’s more, with Nationwide publishing a 7.5% increase in house prices since February your house may be worth more than you thought!
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New Exclusive Lifetime Mortgage Plan from Prudential
We’re pleased to announce that we have secured a brand new exclusive lifetime mortgage plan from Prudential. And this exceptional offer is only available to Age Partnership clients so you won’t find it anywhere else.
How Lifetime Mortgage Providers are Regulated
The FSA (Financial Services Authority) are the only regulator of lifetime mortgages. SHIP (Safe Home Income Plans) are a self governing trade body; their voluntary members - the lifetime mortgage providers – agree to follow a code of conduct. So whilst SHIP is not a regulator as such, their members do follow a code of conduct designed to give certain assurances to their customers.
FSA (Financial Services Authority)
The FSA is an independent watchdog that regulates all goings on in the financial services industry including lifetime mortgage providers to ensure consumers get a fair deal. They explain services and products to consumers so that they get clear facts without any confusing jargon.
Prudential Confirm New Lifetime Mortgage Valuation Providers
Prudential have confirmed that Countrywide Surveyors and Rightmove AVM will be their new joint valuation providers for their lifetime mortgages.
The new business model sees Countrywide Surveyors providing the physical valuations, whilst Rightmove will provide the automated valuation models.
The director of lifetime mortgage at Prudential, Keith Haggart commented: “Countrywide Surveyors and Rightmove had the expertise and capability to serve our valuation needs.
Struggling retirees opt for equity release
Mail on-line have reported on a recent survey which said that one in ten customers who signed up to lifetime mortgages at the end of February was seeking short term cash to boost their retirement income.
Conventionally equity release is seen as a long term option with the money borrowed paid back from the estate when the borrower dies, however, more borrowers are looking to borrow over the shorter term.
