Lifetime mortgages are here to stay

Whatever your view, the reality is lifetime mortgages are here to stay – at least as long as people need more money in their retirement than they previously thought. Research conducted by Prudential confirms this as findings suggest 44% of over-55 year-olds are considering equity release to supplement their pensions. When the Pru launched its flexible lifetime mortgage, it was designed with its customers in mind. All its customer research was used to design a simple, effective and (most importantly) flexible solution to pensioners’ income requirements. The Pru realises it is not alway...