Legal & General (L&G) is to buy equity release provider New Life Home Finance (Newlife) for £5m.
Newlife, founded in 2003, manufactures and provides lifetime mortgages which allow homeowners to raise cash against the security of their property. L&G said it would become the sole funder of new lifetime...
Subject to FCA approval
To offer multiple products
Once-in-a-lifetime out, necessities in
£3.4bn released last year
And mortgage lending
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers