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New customers are choosing drawdown plans with smaller initial advances, while existing customers are being more modest about their borrowing compared to the start of last year. https://lnkd.in/gGSmGF5w #equityrelease #releasing_equity

The move will bring together the later life firm’s technology platform, Equity Release Supermarket as well as its lending partners – who include Aviva, LV= and Hodge. https://lnkd.in/eWvUinX3 #equity #lifetime_mortgage

Looking at UK group protection, gross premium income increased 12 per cent to £479m year-on-year (YOY), which it said was due to “good retention” and new business annual premiums of £121m. https://lnkd.in/erVZv_gz #equity #equity_release

The group forecasts that following its strong H1 performance, in 2024 it expects to “substantially” exceed its previous guidance of doubling 2021’s £211m operating profit in three years. https://lnkd.in/eAG5uDvv #equityrelease #lifetime_mortgage

Ultimately, engaging with later life lending products can lead to positive outcomes for both clients and advisers. https://lnkd.in/eKgb4kkt #equity #lifetime_mortgage

Types of income that later life lenders might welcome This may not be as prohibitive as you might think. https://lnkd.in/e2HrSg9H #equityrelease #lifetime_mortgage

We expect these macro forces to have a negligible effect on the group’s business model, with the normalisation of long-term interest rates continuing to drive demand for our products,” it said. https://lnkd.in/eGKzfmH5 #equity #lifetime_mortgage

Using a lifetime mortgage to pay for a holiday was the third-most popular use of the released funds, followed by home improvements, as cited by a quarter of borrowers. https://lnkd.in/e9_4_vs6 #releasing_equity #equity

The interest rate offered will also be based on whether the borrower is a sole or joint applicant. https://lnkd.in/ekhjftwB #equity_release #releasing_equity

Change the equity release experience The ERG said this now positioned its technology arm Equitec as a unique offering to borrowers aged 50 and over. https://lnkd.in/eXpsvPcU #lifetime_mortgage #equity