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SWB publishes brokers’ equity release guide

Scottish Widows Bank has published a guide for brokers looking to get into the equity release market.

Your clients demand more from life – A 2005 guide to the UK Equity Release Market explores the history of this controversial product and outlines factors driving the market, such as only one in five people expecting to have enough money in retirement.

Murdo McHardy, head of product development and marketing at Scottish Widows Bank, says:”Lifetime mortgages can help transform the lives of those who have benefited from house price inflation but have low incomes in retirement.They are also a valuable tool for the growing number of people caught in the Inheritance Tax trap.”

Ray Boulger, senior technical manager at John Charcol, says in his foreword to the report: “The need for greater understanding of the benefits and risks of equity release, and the increasingly wide choice of products, has never been greater.”


Trackers are misunderstood

More than half of all home owners do not understand how a tracker mortgage works and could be missing out on the benefits, says Alliance & Leicester. Research carried out by the lender shows over 8.4 million home owners do not know how a tracker mortgage would affect their monthly repayments. This comes as the […]

RBS to create a single intermediary channel

Royal Bank of Scotland is to create a single intermediary channel for all its mortgage products under the banner RBS Intermediary Partners. The move follows consultation with brokers and reflects their desire for a single point of entry to the group for all the RBS mortgage brands. Each of the brands will focus on a […]

Money Partners lists its product range on Mortgage Brain

Money Partners has further increased its intermediary exposure by listing its mortgage product range on Mortgage Brains broker sourcing system.The lender s range of Premier and Origin mortgages – comprising variable, fixed and discount rate options – will feature on Mortgage Brains latest and most comprehensive sourcing system, Broker 6.50, launched in November.Colin Sanders, Money […]

Internet Insite

Mortgage Strategy’s weekly guide to what’s hot and what’s not on the web. Kevin Paterson takes a look at lender websites, working his way from A to Z


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