Just Retirement has reduced the interest rate on its Roll-Up Lifetime Mortgage rate from 6.5% AER to 6.4% AER, with effect from January 12.
Demand for equity release has increased, despite scepticism. Fiona Murphy looks at the results of this Retirement Planner Inquiry
Here's Retirement Planner's round-up of the latest pensions stories.
Partnership has launched an equity release product offering better rates for those suffering from conditions such as diabetes or cancer.
The FSA's consultation paper on the mortgage market review (MMR) does not go far enough to ensure consumers are provided with a full range of equity release options, the Society of Equity Release Advisers (SERA) says.
Approximately 25% of equity release customers could be eligible for enhanced terms and receive an additional £16,000 on a £200,000 property, says More 2 Life.
Mortgage lending by banks has hit a sixteen month low after a fall in housing demand, says the British Bankers' Association (BBA).
The difference between the rates charged for fixed rates and lifetime mortgages has widened significantly in the last two years, according to a report.
Fixed rate mortgage saw their popularity reach a year high in June attracting 48% of new borrowers, according to CML data.
Three people have been sentenced to a total of almost ten years in prison for defrauding mortgage lenders of £4.6m.