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RIO market fails to meet FCA target with just over 3,000 sold in 2022

Some 3,156 retirement interest-only (RIO) mortgages were sold in 2022, falling significant...

  • Jun 16, 2023
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Nearly three quarters of lifetime mortgage borrowers choose roll-up interest

Around 75 per cent of lifetime mortgage customers choose to let interest roll-up during th...

  • Apr 06, 2023
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Home improvements drove equity release use in 2022 – Responsible Life

More borrowers used the funds released from their homes to make improvements, according to...

  • Feb 24, 2023
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Home improvements overtake repayments as main use for equity release – Responsible Life

A study has found that more lifetime mortgage borrowers are using their loans to pay for h...

  • Nov 07, 2022
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Number of equity release customers reaches record in Q3 – ERC

The equity release sector processed 13,452 new plans in Q3 marking a record number of new ...

  • Oct 26, 2022
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Responsible Life makes video consultations a permanent feature

Responsible Life has launched a dedicated Remote Advice Centre (RAC) for customers to get ...

  • Apr 06, 2022
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RIO mortgage sales double but progress is ‘poor’ – Responsible Life

The number of retirement interest-only (RIO) mortgage sales nearly doubled annually from 3...

  • Jan 18, 2022
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Lifetime mortgage product switches slump by a third in Q1

The rate at which lifetime mortgage customers are switching to better deals collapsed at t...

  • Oct 06, 2021
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UK homeowners increase equity for first decade on record

This decade is the only one on record in which homeowners have injected more equity into t...

  • Jan 02, 2020
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‘Vigorous’ growth in equity release deals will drive innovation

The rise in equity release products on the market should push lenders to become more innov...

  • Feb 27, 2019
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