It is backed by property investment group British Land, and its product has been designed to address some of the concerns many still have over equity release.The product has a Key Facts Illustrations that adheres to the same standards as Financial Services Authority regulated lifetime mortgages, has no redemption penalties and maximises the amount people can withdraw from the value of their home by not taking a cut of the money. The product is designed to accommodate a change of property, a move into sheltered accommodation or a nursing home or even divorce. Duncan Young chief executive officer at R-P, says: ” We’ve tried to make it as simple as possible. We want people to enjoy living in their property. That means we have to guide them through one or two lifestyle changes.”
- Top trends
Avid readers of the MS letters pages can’t have failed to have noticed the growing number of intermediaries reflecting dissatisfaction with the service they receive from providers of mortgage leads.
HSBC is to build 60 ‘super branches’ in a bid to jazz up banking for a younger generation. In a presentation to Skinners’ Company’s School for Girls in London last week, chief executive Michael Geoghegan let slip that in an attempt to make banking more exciting, the lender was planning to open around 60 large […]
C2-financial is calling on the Financial Services Authority to look into why some networks restrict their appointed representatives to the packagers on their panels. The mortgage packager and branded lender has raised questions over the ability of the ARs of many networks to treat their customers fairly when they are forced to deal with only […]
LeadX, the recently launched lead trading site, says mortgage providers wishing to maintain or increase market share need to wake up to the revolution that has occurred in sales lead transfer and latch on to the principle of trading sales waste. The website is an online trading floor that allows pensions providers to manage their […]
Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.
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