equity release new entrant Stonehaven has been welcomed by brokers but warned against com- plicating its product range.The London-based lender has launched a pilot through six specialist equity release intermediary firms. It has designed a range of equity release lifetime mortgages aimed at home owners aged over 55. The range consists of five products: a lump sum and lump sum plus option, regular cash release, flexible cash release, build your own and interest only. Jayne Almond, CEO and founder of Stonehaven, says: “The evidence shows there is growing demand for specialist equity release mortgage providers. The industry has been subject to negative consumer perception in the past but following the regulation of lifetime mortgages, there’s been a significant increase in confidence and awareness of the market. “Equity release is now seen as a sensible option for many.” Colin Taylor, managing director of Key Retirement Solutions, says: “The principal of what Stonehaven has tried to do is good, but let’s hope it doesn’t make it too complicated. Its suite of options has to be applauded. This is something that the market has not seen before.”
Lloyds TSB has launched a fully flexible mortgage to give customers complete control of the structure and cost of their loan throughout the whole mortgage term, meaning they never have to switch their mortgage again.The Lloyds TSB Easy Living mortgage allows customers to make overpayments; pay off their mortgage early; switch between repayment and interest-only […]
New research from Prudential reveals that the majority of financial advisers think that roadshows play a key role in terms of them learning more about the Equity Release market.The research also found that their clients would benefit from more information about these products. Almost one in five (17%) of financial advisers questioned said that they […]
We suffered wall-to-wall trauma in the Mounty household recently – A level results. Need I say more?
From Ron Radway I am responding to a letter in a recent issue of Mortgage Strategy (August 14) regarding the Financial Services Authority providing value for money. I am a regular reader of the letters pages and have noticed a recurring theme since Mortgage Day – some individuals seem to think that the FSA and […]
By Mark Martin, Head of UK Equities at Neptune Investment Management Recent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a whole, this expansion – […]
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