In an article entitled A level playing field at last, published in the April issue of Retirement Planner, Laura Brady stated that Just Retirement offered home reversion plans, which is incorrect. The plan offered by Just Retirement is similar to a home reversion but is technically a 'fixed lifetime mortgage' whereby the charge against the property is fixed for the life of the loan. The amount owed by the homeowner will not accumulate regardless of interest rates or how long they live.
GE Life also stopped offering home reversion plans in February this year.
100 new clients
Achievements, charity work and other happy snippets
Square Mile’s series of informal interviews
Partner Insight: The rise in demand for DFM and multi manager solutions has been largely driven by new mandates from the regulator, says James Bampton, head of UK intermediary distribution at Architas