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Latest - MORTGAGES

  • Royal London enters Later Life Lending market

    30 September 2020

    Royal London has partnered with later life mortgage adviser, Responsible Life, to enter the equity release market. The Royal London Later Life Lending service will provide customers with access to impartial and holistic advice on a range of later life mortgages. This service will be operated by Responsible Life. Crucially, the advice provided will...

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  • Retirees’ property wealth risen over past 12 months

    3 September 2020

    Retirees’ property wealth has risen over the past 12 months, despite the housing market going into lockdown amid ongoing economic and political uncertainty, new data from Key has shown. Total property wealth owned by over-65s who have paid off mortgages increased by £28.3 billion over the past year, the equivalent of £6,032 per homeowner....

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  • TEST YOUR KNOWLEDGE QUESTIONS – Sept 2020 issue

    27 August 2020

    For Professional Paraplanner’s TDQ (Training, Development and Qualifications) series, we have teamed up with key support providers, such as Brand Financial Training, to provide our readers with the very best in training, development and exam support. This series aims to provide you with valuable advice and guidance materials to help you achieve your training goals,...

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  • Over 55s turn to property to fund later-life care

    11 August 2020

    The number of over-55s relying on property wealth to fund later-life care is on the rise, according to equity release specialist Key. According to its new report Tackling the Care Question, nearly three in ten (29%) over-55s plan to use their homes to fund care, compared with just 19% a year ago. In contrast,...

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  • Long term care concerns growing as councils cut funding

    10 August 2020

    How to meet the costs of long-term care is a concern rising up the priority table for the over 55s, as research shows councils across Great Britain have cut their level of funding over the past year.  A new report by Key, entitled ‘Tackling the Care Question’, found that more than a third (35%) of...

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  • Suitability of equity release advice – FCA concerns

    1 August 2020

    The FCA has expressed concerns over the suitability of advice given to equity release clients. Steve Bailey of ATEB Consulting looks at the regulator’s findings and provides some recommendations. The FCA has published the findings of its review of firms’ processes around advice and sales of equity release. The findings formed part of a...

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  • Bank of Mum & Dad needs advice

    18 July 2020

    Nearly a third of parents are concerned they do not have enough financial know-how when it comes to giving money to their children, new research from Openwork has revealed. Its nationwide study found 32% of parents would value financial advice on how best to give money to their children, while 62% would welcome Government-backed...

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  • C-19 driven equity release demand dip

    15 July 2020

    Homeowners aged 55 and over released £1.47 billion worth of equity from their property in the first half of 2020, but the effects of the Coronavirus saw the number of customers fall compared to the previous year.   According to Key’s Equity Release Market Monitor, the number of plans taken out during the first...

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