Category Archives for equity release

Pure Retirement launches Heritage range

Pure Retirement has launched a Heritage range of products, which offer repayment flexibility.

Heritage offers ERC-free partial repayments across all of its products, allowing up to six payments per 12 months and allowing up to 10% of the advance to be paid over the same period.

Brendan Gilligan, Pure Retirement’s head of product delivery, said: “We are seeing more demand in the market for plans that provide customers with the option to make voluntary payments, allowing them to service interest and protect equity in their home.

“Adding these new customer friendly features to our already wide product range provides brokers with more options to help them meet the needs of their customers, and we’re confident that the Heritage range acts as a great companion to last year’s Sovereign range in offering customers’ flexibility in their retirement.”

Paul Carter, Pure’s chief executive, added: “As a lender it’s important that we continue delivering products that allow people seeking equity release solutions to enjoy their retirement in whatever way they see fit.

“In Heritage I’ve little doubt that we’ve created something that fulfils that brief, with a range of options and flexibilities which should enable our customers to manage their plans should their circumstances change over its duration.”

In addition, Heritage follows last year’s Sovereign range in offering ERC-free full repayment of joint plans within three years of one borrower passing away or entering into long-term care.

Open to those aged 60 and above, the Heritage range accepts properties valued at £70,000 and above (or £100,000 and above if ex-council or ex-MOD, with no maximum value cap.

Minimum initial release is set at £10,000 with total cash facilities available up to £600,000 for those living in England and £250,000 for those in Scotland and Wales.

The post Pure Retirement launches Heritage range appeared first on Mortgage Introducer.

Nearly $90b in equity wiped off Lower Mainland home values in past year (with infographic) – Business in Vancouver

Nearly $90b in equity wiped off Lower Mainland home values in past year (with infographic)  Business in Vancouver

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MDC Partners Expands C-Suite With Hire of Former Private Equity Veteran as COO – Adweek

MDC Partners Expands C-Suite With Hire of Former Private Equity Veteran as COO  Adweek

Agency network MDC Partners has continued to solidify its leadership team approximately three months after Mark Penn’s Stagwell Group acquired a minority …

Equity release increasingly used to pay credit card debts – Mortgage Strategy

Equity release increasingly used to pay credit card debts  Mortgage Strategy

There has been a big jump in the number of retired homeowners using their property wealth to pay off credit cards and loans. The latest market monitor report …

Cannot release funds to pay Jet Airways staff, says SBI – Moneycontrol.com

Cannot release funds to pay Jet Airways staff, says SBI  Moneycontrol.com

State Bank of India (SBI), that is leading a consortium of lenders to Jet Airways, has reportedly said it will not be able to release interim funds to pay the …

Racial Tensions Continue To Roil Lee's Summit School Board – KCUR

Racial Tensions Continue To Roil Lee’s Summit School Board  KCUR

The Lee’s Summit school board remains deeply divided over issues of race and equity, a week after voting down a plan to bring in consultants for diversity.

Boulder seeking applicants for health equity program funding – Boulder Daily Camera

Boulder seeking applicants for health equity program funding  Boulder Daily Camera

Boulder is soliciting funding proposals to distribute $5 million to health programs aimed at residents affected by sugar-sweetened beverages.

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Equity Bancshares, Inc. – Business Wire

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Equity Bancshares, Inc.  Business Wire

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming July 12, 2019 deadline to file a lead plaintiff …

PRECIOUS-Gold steadies as dollar, stocks pull back; Fed minutes in focus – Reuters

PRECIOUS-Gold steadies as dollar, stocks pull back; Fed minutes in focus  Reuters

Gold steadied on Wednesday, edging off a two-week low touched in the previous session, as the dollar retreated and equity markets fell on *fresh* trade fears …

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