Crown Equity
Crown Equity Release has developed a new market-leading equity release product that offers an enhanced payment to potential vendors.
The product is fantastic for homeowners who want to clear the capital outstanding on their interest-only mortgage, but find they are unable to raise such capital using another mortgage product such as a lifetime roll-up mortgage.
This product offers a much higher LTV than traditional reversionary plans and includes a monthly rental payment. The vendors maintain the current benefits of a life time lease and the ability to move to an alternative property if needed. They continue to be responsible for building insurance and the usual outgoings associated with any property. We continue to offer enhanced rates on impaired lives.
Crown is offering this plan on all types of property including ex-local authority properties, long leasehold and non-standard construction homes just as it has been doing for 20 years; we aim to create bespoke products to meet your clients’ needs.
As each case we handle is different, it is better to contact us by telephone (020 8875 5665) or email (mking @crownequityrelease.com) for a tailored KFI.
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Air Group
In June, Air Group launched their consumer guide which, whilst highlighting a greater need for retirement advice, presents advisers with a more holistic range of advice for their clients and helps them to consider all the financing options available.
More recently, Air Group has launched a partnership offering an unsecured loan facility. They have also recently announced a new promotion with four specialist later life solicitor firms for those advisers submitting business through Air Mortgage Club. The four firms – Ashfords, Equilaw, Forever Legal and Gilroy Steel – are offering a £100 customer legal fee discount when instructed for those cases submitted through the Club.
Continuing to provide a greater level of support for advisers, Air Group have continued to grow their ‘Criteria Clinic’ webinars giving advisers a forum to gain a deeper understanding of criteria. This, in conjunction with the continuing expansion of the ‘On Air’ has seen over 15 leading lenders and service providers giving their insight and providing informative webinars to the platform.
Keep up to date with all the latest news and updates from Air Group by following them on LinkedIn, Twitter and Facebook.
Key – Key Equity Release and The Equity Release Experts
With the first half of 2021 coming to a close and with Covid-19 restrictions easing, all services at Key Group continue to function as normal with fewer colleagues now working from home and a focus on ensuring the offices remain welcoming and safe environments.
Key Group brands have had a particularly successful quarter having won 7 awards over the last three months. This included Key winning Best Equity Release Broker and Best Later Life Broker at the Money Age Mortgage Awards, Best Later Life Broker at the Financial Reporter Awards and Best Equity Release Broker for Customer Service at the What Mortgage Awards. Also at the What Mortgage Awards, more2life won the Best Lender Website Award and at the Financial Reporter Awards, more2life also took home the Best Later Life Lender award as well as an individual award for Nigel Taylor – Underwriter of the Year.
In the second quarter of the year, Key launched the ‘Equity Release Revolution’ a report which analyses the experiences of customers that have taken out equity release with Key over the last 20 years. Overall, the feedback pointed to customers having a very positive experience with the product – 90% of customers surveyed said they have or would recommend equity release to friends and/or family.
Key also issued its half year Market Monitor for 2021, with one of the areas of focus in this edition being the impact of marital status on later life lending choices. The report also looked in depth at the London region which has seen significant year on year growth in terms of lending value. The equity release market has seen a positive impact from the stamp duty holiday with Key’s figures highlighting that the over 55s have gifted more than £323million for house deposits since July 2020.
