Bristol & West has delayed its launch into the lifetime mortgage market until 18 May.
The lender had intended to launch into the market next week but says it has chosen to put the launch back due to "movements in money market rates", leading it to re-price its' lifetime mortgage.
The launch will now take place on Wednesday 18 May at the Regency Room, Simpsons in the Strand at 9.15am.
Dominic Toller, head of marketing at Bristol & West says the delay in the launch has been caused by activity in the swap and libor markets.
"Bristol & West has been working on its lifeimte product for a long time and it was essential we enter the market with a competitive product and due to the fact that rates have dropped considerably we wanted to ensure we had the right balance for the product," he adds.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Matthew West on 020 7484 9893 or email [email protected].IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation