MEX completes 6,000th lifetime mortgage application

Mortgage Express has revealed it completed its 6,000th lifetime mortgage application this week.

This milestone completion comes at the same time as the latest lifetime mortgage market figures for Q3 2005, released last week by Safe Home Income Plans . The figures show Mortgage Express has a 30% share of the intermediary lifetime mortgage market.

Roger Hillier, product development manager at Mortgage Express says: “Its been an exciting year to date with new product providers entering the market and greater regulation focus on equity release ensuring selling standards are high.

“All of these positive forces help to improve the attractiveness of the equity release market for intermediaries and customers.”