Pru launches online lifetime mortgage calculator

clock

Prudential has confirmed its new lifetime mortgage product will be open for new business from 17 October.

Coinciding with the launch is the development of an online calculator to help advisers compare different loan amounts and interest rates in order to enable them to see the possible impact of drawing down funds rather than releasing one lump sum at outset, says the provider. Prudential says adviser’s can input the exact amount they want, and can compare loans at different interest rates. To use the calculator advisers will need a UNIPASS digital certificate. For those that do not have one already, this is available on the Pru website. Jan Holt, head of sales for lifetime mortgages a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read