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Equity release lender shelves product over affordability checks

Equity release lender More2Life has withdrawn its Interest Choice interest-paying product due to affordability checks brought in with the Mortgage Market Review. The lender told Money Marketing sister publication Mortgage Strategy the tests had a “negative impact” on the product. Lifetime mortgages that involve consumers paying interest became subject to affordability checks under the MMR […]

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Ex-Partnership chief joins equity release firm

Former Partnership chief executive Steve Groves has joined equity release firm Retirement Bridge Group as chairman. Groves left Partnership earlier this year following its merger with Just Retirement, after 10 years with the provider. He joins Retirement Bridge Group following the acquisition of the company from Grainger by property management firm Patron Capital Partners and […]

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Brokers slam confusion around Help to Buy Isa

Brokers have criticised the level of transparency around the Help to Buy Isa, which came under fire this week after it has emerged first-time buyers cannot use it to boost their deposits. Help to Buy Isas have been set up to help renters save for a deposit, topped up by a 25 per cent Government […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]

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