Godiva Mortgages has launched into the equity release market with a range of lifetime mortgage products, including ERC-free options.
Initially, Godiva’s products will be available through a select panel of intermediary partners, with a broader rollout expected to follow. Godiva is offering both drawdown and lump sum products, with early redemption charge (ERC) free options available on both. Colin Franklin, managing director of Godiva Mortgages, says consultations with intermediaries revealed that product flexibility was a major concern among advisers, and the ERC-free options help to give consumers the freedom they desire. Lump sum products include a rate of 6.15%, fixed for the full term, with a £595 fee and free va...
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