View more on these topics

Key Retirement signs deal to unlock equity release advice


Equity release adviser Key Retirement has signed a deal with live-in care provider Elder to help advisers help retired clients use their home to afford residential care.

Key Retirement says that through lifetime mortgages with Elder, advisers will be able to offer new options for older clients wanting to remain in their home.

Key Retirement’s advisers will be able to offer a live-in care funding plan to customers as a result of the deal. The firm cites estimates that around 50,000 pensioners sold their homes last year to pay for care, but only 3 per cent say they would want to move into a care home.

Key Retirement chief product officer Dean Mirfin says: “For far too long live-in care has been for the wealthy even though millions of pensioners with equity tied up in their homes could fund live-in care through equity release.

“We are pleased to be working with Elder to provide expert advice to enable older homeowners to receive valuable live-in-care at home.”



L&G eyes more interest-only lifetime mortgage tie-ups

L&G Home Finance is eyeing another deal that will see the firm offer lifetime mortgages to ageing interest-only customers.  Last week the firm signed a deal to supply equity release loans to Co-operative Bank borrowers with problems paying off their interest-only balance.  L&G announced a similar deal with Santander last year.  Speaking to Mortgage Strategy, […]


L&G to sell lifetime mortgages to Co-op interest-only customers

  Legal & General Home Finance has signed a deal to supply equity release loans to The Co-operative Bank’s ageing interest-only customers. The five-year deal will see lifetime mortgages be marketed as another option to help Co-op borrowers with problems paying off their interest-only balance. They will also be promoted as helping those unable to […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


News and expert analysis straight to your inbox

Sign up