Search news

News articles

News from the Financial Ombudsman Service

News from the Financial Ombudsman Service

News, data and resources from the Financial Ombudsman Service.

17 July 2019

Read story

Minimum age requirements cut by Key

Minimum age requirements cut by Key

Mortgage Solutions reports that Pure Retirement has cut the minimum age requirement (down to 55 years) and introduced a new set of fee options on its Heritage equity release products

16 July 2019

Read story

Knight Frank becomes latest to enter the later life lending market

Knight Frank becomes latest to enter the later life lending market

Mortgage Finance Gazette has published a piece on Knight Frank entering the later life lending advice market. The piece mentions that the Council reported an eight per cent increase in the amount of equity released in the first quarter of 2019

12 July 2019

Read story

Later life lending yet to peak

Later life lending yet to peak

Lisa Buckley, head of mortgage sales and marketing at Leek United Building Society, discusses how changing demographics are driving the demand for later life lending mortgage products in Financial Reporter, suggesting that we haven't yet seen the peak in later life lending.

12 July 2019

Read story

Could Brits have to work a decade longer?

Bob Champion, chairman of the Air Later Life Academy says Equity Release could help UK retirees after a World Economic Forum report identified retirement savings shortfalls in six major economies

8 July 2019

Read story

First UK estate agent enters the Equity Release market

Knight Frank has become the first estate agent to set up a later life financing division under its mortgage brokerage, for the growing number of over-55s looking to unlock money from their properties.

8 July 2019

Read story

Specialist conveyancers and Equity Release

Specialist conveyancers and Equity Release

Financial Reporter covers the Council's Q1 2019 lending figures in an article looking at the role of specialist conveyancers in the growing equity release market.

5 July 2019

Read story

Advisers must understand vulnerability

Advisers must understand vulnerability

Tim Farmer, founder of the TSF Mental Capacity Assessors, urges advisers to better understand the potential vulnerability of their later life clients.

4 July 2019

Read story

Council responds to Lords report on social care 'crisis'

Council responds to Lords report on social care 'crisis'

The council has responded to the House of Lords Economic Affairs Committee report 'Social care funding: time to end a national scandal' today. The report recommends that the Government immediately spends £8 billion to restore social care to acceptable standards and then introduces free personal care over a period of five years.

4 July 2019

Read story

Common reasons for Equity Release rejections explained

Common reasons for Equity Release rejections explained

Research by More 2 Life, shows the most common reason for an unsuccessful Equity Release application is having a flat roof, since they need replacing regularly. This comes as More 2 Life published a guide to understanding Equity Release lending criteria. The article also references findings from the Council's 'Beyond Bricks and Mortar' report.

3 July 2019

Read story

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. ...
  12. 107