New Product innovation for Lifetime Mortgages

The equity release market has seen an increase in the number of new products available this year with an average of one every 28 hours according to the Key.

This means there will have been 525 new products coming to the market between January and August 2020.

This is a massive increase from 2017 when there were just 86 plans available and those plans offering the facility to make interests payments almost doubled from 81 in 2019 to 186 in 2020, giving greater flexibility for customers.

Product innovation and development in this market continues so offering greater choice and flexibility to customers is paramount, enabling them to have the right plan to suit their needs.

For more information and to arrange a consultation with an equity release advisor, contact Blue House Equity Release Kent today