New figures from UK Finance show a drop off in later life mortgage lending in recent months. There were 28,840 new loans...
Archive
12 June 2024
From: Breaking News
![Huge rise in Mortgages paid off by borrowers in retirement](/upload/images/24%2005%2028%20%2002.jpg)
A Freedom of Information (FoI) request from a former pensions minister has revealed a significant increase in the proportion of home...
28 May 2024
From: Breaking News
![Debt Consolidation Range from lender targets older borrowers](/upload/images/24%2005%2022%20%2005.jpg)
LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation...
22 May 2024
From: Breaking News
![Wealth manager launches attack on Halifax’s age limit U-turn](/upload/images/24%2003%2020%20%2001.jpg)
Mortgage lender Halifax is imposing a new 70-year age limit on the terms of its home loans for some borrowers. This has...
20 March 2024
From: Breaking News
![Stamp Duty and Inheritance Tax blamed for downsizing slump](/upload/images/24%2003%2020%20%2004.jpg)
A buying agency says stamp duty is one of the biggest obstacles to a healthy housing market driven. Recoco Property Search says...
20 March 2024
From: Breaking News
![Hodge announces changes to 50+, Retirement and Holiday Let products](/upload/images/24%2003%2004%20%2005.jpg)
Hodge has made significant changes to its 50+, Retirement Interest Only (RIO) and Holiday Let Mortgage property criteria. The updates include the...
04 March 2024
From: Breaking News
![Downsizers can unlock housing market and upsize their retirement plans](/upload/images/24%2002%2028%20%2003.jpg)
Downsizers across England and Wales could unlock an average £305,090 by moving from a four bed to a two bed home,...
28 February 2024
From: Breaking News
![Mortgage volumes plummet for older borrowers](/upload/images/24%2002%2026%2005.jpg)
There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...
26 February 2024
From: Breaking News
![Portfolio landlords eye capital raising to fund 2024 expansion plans](/upload/images/24%2002%2019%20%2002.jpg)
Nearly four in 10 portfolio landlords, those with four or more properties, plan to increase the size of their portfolios in...
19 February 2024
From: Breaking News
![Higher LTVs for borrowers aged 70 and 80, says Pure Retirement](/upload/images/24%2002%2019%20%2005.jpg)
Lifetime mortgage lender Pure Retirement has continued its ongoing product development in its Heritage range. The Special 3 product will offer up...
19 February 2024
From: Breaking News
![Falling house prices and big mortgages – three major risks](/upload/images/24%2002%2007%2003.jpg)
Business consultancy Hargreaves Lansdown has identified three major risks associated with the current market, characterised by falling house prices and larger...
07 February 2024
From: Breaking News
![Growing interest in longer-term mortgages - but borrowers pay dearly…](/upload/images/24%2001%2029%2004.jpg)
The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...
29 January 2024
From: Breaking News
![Happy Holidays! Lifetime mortgage funds fuel trips of a lifetime](/upload/images/24%2001%2024%2005.jpg)
Lifetime mortgage fund usage continues to show a mixture of aspirational and needs-based borrowing, according to figures from lender Pure Retirement....
24 January 2024
From: Breaking News
![Revealed - demographic finding it hardest to pay off a mortgage](/upload/images/24%2001%2010%2004.jpg)
The so-called Generation X - those born between 1965 and 1980 - are finding it hardest to pay off their mortgage,...
10 January 2024
From: Breaking News
![Why do so few people seek professional financial advice?](/upload/images/__thumbs/2023%2011%2022%204.jpg/2023%2011%2022%204__400x267.jpg)
A new study shows a remarkably low number of people seeking professional financial advice. The report is called State of Flux and...
22 November 2023
From: Breaking News
![Equity Release begins long haul back to normal market conditions](/upload/images/__thumbs/23%2011%2008%204.jpg/23%2011%2008%204__400x265.jpg)
The equity release market has seen growth for the first time in 12 months with quarterly increases in both new customers...
08 November 2023
From: Breaking News
![Many More 35-Year Mortgages - new figures show surge](/upload/images/__thumbs/23%2010%2011%2003%20by%20Graham%20Norwood.jpg/23%2010%2011%2003%20by%20Graham%20Norwood__399x266.jpg)
New data from Experian reveals that one in four mortgages lent to those under 30 now have a term of 35...
11 October 2023
From: Breaking News
![Four in 10 borrowers will be retired when their mortgages mature](/upload/images/__thumbs/23%2009%2013%203.jpg/23%2009%2013%203__400x254.jpg)
Equifax data has found that 41 per cent of live mortgages in the UK are held by customers who will be...
13 September 2023
From: Breaking News
![Huge Rise in Popularity of 35 Year Mortgages - new figures](/upload/images/3%20HousePrices_balancing-400x310.png)
New Freedom of Information data from the FCA - gathered by Quilter, the wealth manager and financial adviser - reveals that...
01 August 2023
From: Breaking News
![Mortgage roundup – and the market continues to thrive…](/upload/images/Site%20logos/MortgageRoundup-400x310.png)
Introducer Today returns with a bumper mortgage roundup, this time featuring the latest industry views on mortgage approvals, new and extended...
05 May 2022
From: Breaking News
![Rising cost of living drives buyers to second charge products](/upload/images/Housing%20Market%20%26%20Property%20Images/UpsetCouple-400x310.png)
Borrowers are turning to second charge mortgages to help alleviate financial issues, according to Knowledge Bank’s latest criteria tracker. ‘Capital raising for...
03 March 2022
From: Breaking News
![Tips: How the older generation can meet the challenges of buying property](/upload/images/Miscellaneous/old%20people.png)
Retirement non-profit company Cognatum Estates provides advice for those who are considering selling and buying in later life. It is unquestionably a difficult...
08 February 2022
From: Breaking News
![80% of advisers confident that the equity release market will grow in 2022](/upload/images/Miscellaneous/old%20people.png)
Recent research from leading later life lender more2life has found that 80% of equity release advisers are confident that the market...
16 December 2021
From: Breaking News
![Advisers believe more clients will look to equity release to meet basic needs](/img/default/it.png)
Research from equity release lender, more2life, shows that 78% of advisers think more of their customers will look to equity release to...
01 July 2021
From: Breaking News
![Mortgage roundup – power products and lowered rates](/img/default/it.png)
West One Loans’ buy-to-let (BTL) division has released new products to meet increased demand in the market. The raft of new product...
01 July 2021
From: Breaking News
![Family lending made simple with new lending platform](/img/default/it.png)
Tembo, the ‘next generation’ lending platform, has launched a new approach to family lending for mortgages. The lender offers a range of...
17 June 2021
From: Breaking News
![Mortgage roundup – helping brokers, borrowers, lenders and advisers](/img/default/it.png)
Pure Retirement has announced the launch of its new flexible pricing methodology on the Classic lifetime mortgage product range. The new initiative...
04 June 2021
From: Breaking News
![Pure launches new adviser resources to develop the later-life market](/img/default/it.png)
Mortgage lender, Pure Retirement has announced the launch of several key market insight resources that will help advisers to best serve...
26 May 2021
From: Breaking News
![New customer-facing literature for advisers now available](/img/default/it.png)
Pure Retirement has created a new guide for financial advisers to further support My Care Consultant’s Care Box platform. The literature –...
11 May 2021
From: Breaking News
![Debate – closing the gender retirement gap with female advisers](/img/default/it.png)
Action must be taken to encourage greater gender diversity in the adviser community and help support female clients, as part of...
15 April 2021
From: Breaking News
![Mortgage roundup – exclusive products, lower rates and increased LTVs](/img/default/it.png)
LiveMore has announced a reduction of its standard fixed rates from five-year up to lifetime. Launched last week, the seven, 10 and...
15 April 2021
From: Breaking News
![New adviser-friendly events revealed as equity market picks up](/img/default/it.png)
Adviser-facing resources have been released in recognition of the equity market predicted to pick up in 2021. Pure Retirement has put together a...
16 March 2021
From: Breaking News
![Dudley Building Society – strategic rebrand and product offers](/img/default/it.png)
Dudley Building Society has undergone a number of changes, including a logo transformation and launching some new and re-emerging products for...
11 February 2021
From: Breaking News
![Pure Retirement enhances marketing tool for advisers](/img/default/it.png)
Pure Retirement has launched a wealth of new adviser-facing resources as part of a wider commitment to supporting the broker community...
11 February 2021
From: Breaking News
![Brilliant Solutions adds Pure Retirement to equity release partners](/img/default/it.png)
Mortgage club and specialist mortgage distributor, Brilliant Solutions, has announced the addition of lifetime mortgage lender Pure Retirement to its equity...
19 January 2021
From: Breaking News
![Pure Retirement launches adviser marketing toolkit](/img/default/it.png)
Pure Retirement has announced the launch of its new and improved adviser marketing toolkit. The refreshed website is part of Pure’s commitment...
26 November 2020
From: Breaking News
![Lockdown blues prompts a change in retirement plans – study](/img/default/it.png)
Half (47%) of people who haven’t yet retired and experienced lockdown loneliness are now reconsidering their later life plans, according to...
05 November 2020
From: Breaking News
![Pure Retirement launches equity release sub-brand](/img/default/it.png)
Pure Retirement has announced the launch of its new Pure Servicing Solutions equity release sub-brand. The new project offers partners two levels...
29 October 2020
From: Breaking News
![Pure launches customer account servicing resources](/img/default/it.png)
Pure Retirement has launched a new customer-facing brochure to keep its account holders informed about plan features and the processes involved...
20 October 2020
From: Breaking News
![Pure Retirement launches streamlined website enhancements](/img/default/it.png)
Pure Retirement has announced further enhancements to its website to support advisers in the current climate. With four product ranges now available,...
06 October 2020
From: Breaking News
![Number of agreed lifetime mortgages jumps 52%](/img/default/it.png)
Responsible Life, a later life lending specialist, is reporting a 52% annual surge in lifetime mortgage sales, as retirees increasingly look...
07 September 2020
From: Breaking News
![Pure Retirement expands classic range distribution](/img/default/it.png)
Pure Retirement has decided to expand its ‘Classic Lifetime Mortgage’ range to a wider selection of the equity release market. The latest...
03 September 2020
From: Breaking News
![Industry expert Mark Lofthouse to retire in 2021](/img/default/it.png)
Mark Lofthouse, chief executive officer at Mortgage Brain, is due to retire in 2021 after 19 years in the company. Since joining...
31 August 2020
From: Breaking News
![Equity Release Supermarket joins forces with LiveMore Capital](/img/default/it.png)
Equity release advisory service provider Equity Release Supermarket (ERS) has partnered with LiveMore Capital. Specialising in retirement interest only (RIO) mortgages for...
26 August 2020
From: Breaking News
![Pure Retirement launches new sales team postcode search for advisers](/img/default/it.png)
Pure Retirement has launched its latest tech innovation in a bid to simplify the adviser journey. Its new postcode finder tool enables...
26 August 2020
From: Breaking News
![MCI Club extends later life lending panel with LiveMore Capital](/img/default/it.png)
The MCI Mortgage Club has added LiveMore Capital to its panel, expanding its range of products to include retirement interest-only (RIO)...
12 August 2020
From: Breaking News
![SimplyBiz Mortgages adds Hanley Economic BS to lending panel](/img/default/it.png)
Hanley Economic Building Society has become the latest addition to the lending panel of SimplyBiz Mortgages – expanding its presence within...
02 April 2020
From: Breaking News
![Legal & General invests in Australian lifetime mortgage business](/img/default/it.png)
Legal & General has acquired a 20% stake in the Australian lifetime mortgage business, Household Capital, through its ‘Retail Retirement’ division...
24 March 2020
From: Breaking News
![Hodge offers ‘Early Repayment Promise’ across mortgage product range](/img/default/it.png)
Hodge has announced the extension of its Early Repayment Promise (ERP) feature across all of its residential mortgage products. The move follows...
20 February 2020
From: Breaking News
![Hodge lowers minimum age of its entire residential mortgage range](/img/default/it.png)
Hodge Lifetime has lowered the minimum age of its residential interest-only mortgage from 55-plus to 50. This is in line with its...
06 February 2020
From: Breaking News
![Pure Retirement launches changes to its ‘heritage’ range](/img/default/it.png)
Pure Retirement has started the new year by making changes to its heritage range criteria, aiming to give consumers more choice...
16 January 2020
From: Breaking News
![Hinckley & Rugby expands later life lending options](/img/default/it.png)
Hinckley & Rugby has bolstered its later life lending offer with a new five-year fix and slashed the interest rates on...
09 October 2019
From: Breaking News
![Pure Retirement and My Care Consultant launch CareBox project](/img/default/it.png)
Pure Retirement has partnered with My Care Consultant on its latest ‘CareBox’ programme. The project – aimed at financial services, professionals, financial...
11 September 2019
From: Breaking News
![HLPartnership opens its autumn later life lending seminars to advisers](/img/default/it.png)
Mortgage and protection network HLPartnership has announced new dates and venues in September for later life lending seminars. Following its successful spring...
04 September 2019
From: Breaking News
![Hinckley & Rugby offers retirement interest-only discount](/img/default/it.png)
Intermediaries can now access a discount for term retirement interest-only (RIO) mortgage from Hinckley & Rugby. The building society is offering its...
04 September 2019
From: Breaking News
![Pension cash dominates the savings market](/img/default/it.png)
Both the volume and value of flexible payments from pensions has hit a new high, according to Moneyfacts. Data from the money...
29 August 2019
From: Breaking News
![Right to Buy debuts in top five most searched UK mortgage criteria](/img/default/it.png)
Right to Buy became one of the most-searched for criteria by brokers for the first time in July, according to Knowledge...
21 August 2019
From: Breaking News
![The Mortgage Lender joins Master Private Finance panel](/img/default/it.png)
The Mortgage Lender (TML) has been appointed to the panel of specialist mortgage desk Master Private Finance. Launched by mortgage and protection...
14 August 2019
From: Breaking News
![Equity release offers mortgage brokers new prospect channel](/img/default/it.png)
Fluent for Advisers is encouraging its introducers to consider building relationships with independent financial advisers (IFAs) and retirement advice specialists. By doing...
24 July 2019
From: Breaking News
![Knight Frank Finance first property firm to launch later life lending](/img/default/it.png)
Knight Frank Finance has launched a later life finance team, making it the first major player in the property sector to...
10 July 2019
From: Breaking News
![MBE London Expo to feature Bank of England keynote presentation](/img/default/it.png)
Mortgage Business Expo (MBE) London, taking place on October 16, will feature a keynote presentation by the Bank of England (BoE). Rob...
26 June 2019
From: Breaking News
![Pure Retirement launches new product range for later life lending](/img/default/it.png)
Pure Retirement has announced the launch of its new product suite for advisers, named the Heritage range. The product, which is available...
30 May 2019
From: Breaking News
![The Nottingham extends retirement interest-only mortgage range](/img/default/it.png)
The Nottingham Building Society has added to its retirement interest-only (RIO) mortgage range to help with home ownership. Its two new offerings...
22 May 2019
From: Breaking News
![New service to aid mortgage applicants with lower credit scores](/img/default/it.png)
MortgageGym is adding four specialist lenders to its online platform for mortgage applicants with lower credit scores. These include Together and Precise...
08 May 2019
From: Breaking News
![Hinckley offers exclusive retirement interest only mortgage through L&G](/img/default/it.png)
Hinckley & Rugby Building Society has launched a Retirement Interest Only (RIO) mortgage exclusively through Legal & General Mortgage Club. Members of...
03 May 2019
From: Breaking News
![Over 250,000 homeowners expected to struggle to refinance their property](/img/default/it.png)
New research by Kensington Mortgages has revealed that interest-only mortgages are a significant problem in the financial system. The specialist mortgage lender...
25 April 2019
From: Breaking News
![Pure Retirement’s servicing portfolio surpasses £1 billion](/img/default/it.png)
Pure Retirement has announced that it is now servicing over £1 billion of loans for the first time in its history. The...
28 March 2019
From: Breaking News
![HLPartnership and Mortgage Support Network confirm later life lending seminars](/img/default/it.png)
HLPartnership (HLP) and Mortgage Support Network (MSN) will be hosting two seminars focusing on later life lending following their successful January...
13 February 2019
From: Breaking News
![Pure Retirement launches new mobile app for advisers](/img/default/it.png)
Pure Retirement has announced the launch of its new adviser-facing mobile app. Believed to be the first of its kind in the...
30 January 2019
From: Breaking News
![Newbury Building Society launches retirement interest-only mortgage](/img/default/it.png)
Newbury Building Society has launched its first retirement interest-only (RIO) mortgage to support borrowers in their later life. Applicants must be a...
25 January 2019
From: Breaking News
![Millions of mortgage holders underestimated time it took to be mortgage free](/img/default/it.png)
Nearly a third (32%) of current mortgage holders, which equates to approximately 4 million people, may have to re-evaluate their finances...
08 January 2019
From: Breaking News
![Three million borrowers may still be paying off their mortgage after retirement](/img/default/it.png)
A fifth of current mortgage holders believe they will still be paying off their mortgage beyond the age of 65 –...
28 November 2018
From: Breaking News
![HL Partnership embraces retirement interest-only lending](/img/default/it.png)
The launch of retirement interest only (RIO) products by lenders provides a valuable alternative to the growing number of later life...
07 September 2018
From: Breaking News
!['Ageing population is putting a strain on later life lending model' - IMLA](/img/default/it.png)
Homeowners are ageing at a faster rate than the UK population as developments in post-retirement lending put a strain on the...
30 August 2018
From: Breaking News
![L&G Home Finance launches new lifetime mortgage partnership with Virgin Money](/img/default/it.png)
Legal & General Home Finance has announced a new 5-year partnership agreement with Virgin Money. The alliance will see the retirement lender...
21 August 2018
From: Breaking News
![Scottish Building Society launches retirement interest-only mortgage](/img/default/it.png)
Scottish Building Society has added a retirement interest-only (RIO) mortgage to its range of products for older people. Since the Financial Conduct...
03 August 2018
From: Breaking News
![Retirement Advantage enhances unique BTL product range for older landlords](/img/default/it.png)
Retirement Advantage has announced new enhancements to its range of mortgage products aimed at older landlords. Last year, the retirement income provider...
12 July 2018
From: Breaking News
![95% LTV Second Charge Mortgages, NO ERC’s and Fixed Rates starting from 3.65%](/img/default/it.png)
Historically second charge mortgages or secured loans as they are also known were seen as a last chance option for a...
13 June 2018
From: Sponsored Content
![Over-55s are using lifetime mortgages to upsize](/img/default/it.png)
A growing group of over-55s are using lifetime mortgages to fund property moves to more expensive homes, a study from OneFamily...
10 May 2018
From: Breaking News
![Highest demand for specialist mortgages comes from self-employed](/img/default/it.png)
A diverse set of customer needs from the self-employed are driving demand for specialist residential mortgages, according to Paragon’s Financial Adviser...
04 April 2018
From: Breaking News
![Chorley becomes latest addition to TMA Club’s lender panel](/img/default/it.png)
TMA Club has announced the addition of Chorley Building Society to its lender panel – offering its members access to a...
13 February 2018
From: Breaking News
![Legal & General and Shawbrook team up for new product launch](/img/default/it.png)
Legal & General Mortgage Club has added two Shawbrook Bank products to its lending panel. The products cater for second charge and...
21 December 2017
From: Breaking News
![Aldermore seminars to focus on BTL at MBE London](/img/default/it.png)
After a successful seminar program last year, Mortgage Business Expo (MBE) has announced another buy-to-let (BTL) seminar program in partnership with...
06 October 2017
From: Breaking News
![more 2 life hits £1 billion lending milestone](/img/default/it.png)
Lifetime mortgage lender more 2 life has surpassed £1 billion of lending, along with a substantial total loan book value. According to...
05 September 2017
From: Breaking News
![Shawbrook drops rates on 55 Plus Interest-Only Mortgage](/img/default/it.png)
Shawbrook’s Residential Mortgages team announced that it has lowered the fixed and variable rates on its 55 Plus Interest-Only Mortgage. With interest-only...
31 August 2017
From: Breaking News
![Record low in equity release leads to switching plans](/img/default/it.png)
A record low in lifetime mortgage rates is driving enquiries about switching plans from existing customers, Bower Retirement say. The specialist retirement...
25 August 2017
From: Breaking News
![L&G becomes the largest provider of lifetime mortgages](/img/default/it.png)
Legal & General Home Finance has become the biggest provider of lifetime mortgages in the first half of this year (H1). The...
14 August 2017
From: Breaking News
![Emotional ties to family homes stop retirees from downsizing](/img/default/it.png)
New research from equity release lender, more 2 life, has revealed that an emotional connection to their family home prevents retirees...
07 August 2017
From: Breaking News
![Legal & General joins the retirement housing sector](/img/default/it.png)
Legal & General has announced its development of Inspired Villages Group, an operator of later living accommodation which formed out of...
07 August 2017
From: Breaking News
![Home improvements and mortgage clearance top reasons for equity release](/img/default/it.png)
The most popular reasons for choosing equity release during the first half of 2017 are making home improvements and clearing existing...
25 July 2017
From: Breaking News
![Legal & General appoints Operations Director for lifetime mortgages](/img/default/it.png)
Mike Thompson has been appointed to the role of Legal & General’s Operations Director for its lifetime mortgage business. Before joining Legal...
27 April 2017
From: Breaking News
![‘Mortgage accessibility at post-MMR high’ - IMLA](/img/default/it.png)
Brokers are encountering fewer difficulties when sourcing mortgages for clients than at any point since the introduction of the Mortgage Market...
05 April 2017
From: Breaking News
![Tenet announces tie-up with Vida Homeloans](/img/default/it.png)
Tenet, a Leeds-based mortgage adviser support group, has announced a new partnership with specialist lender Vida Homeloans, the latest in a...
22 March 2017
From: Breaking News
![‘Brokers must update landlords on tax changes’](/img/default/it.png)
First Complete and Pink are calling on mortgage brokers to update their landlord clients on buy-to-let tax changes coming into force...
03 March 2017
From: Breaking News
![Society of Mortgage Professionals expanding roadshow in 2017](/img/default/it.png)
The Society of Mortgage Professionals (SMP) has announced that it is expanding its roadshow this year from 10 to 12 regional...
27 January 2017
From: Breaking News
![Digital Mortgage range expanded by Atom Bank](/img/default/it.png)
The UK’s first bank built exclusively for mobile customers has extended its Digital Mortgage range, with 80% LTV and 85% LTV...
27 January 2017
From: Breaking News
![Why banks and building societies should be lending to the over 50s](/img/default/it.png)
Following the introduction of new lending rules in April 2016, under the Mortgage Market Review (MMR), many banks and building societies...
18 January 2017
From: Breaking News
![Lending should be based on affordability, not age](/img/default/it.png)
The one area in which a proper affordability assessment is ignored is lending to older borrowers, according to findings from The...
24 August 2016
From: Breaking News
![Santander and Legal & General announce lifetime mortgages partnership](/img/default/it.png)
Santander and Legal & General have announced a new five year agreement to offer lifetime mortgages to Santander customers. The arrangement aims...