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Evolving to meet the needs of the older homeowners, by Scottish Widows

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Evolving to meet the needs of the older homeowners, by Scottish Widows

We’re doing all we can to meet later life mortgage lending needs, says Chris Molyneux, Scottish Widows Bank Business Development Manager.

Flexibility has increased in the lifetime mortgage lending market as providers react to the changing requirements of their customers.
This has primarily come in the form of product features such as fixed early repayment charges and the allowance of partial repayments as led by the Equity Release Council. However, when it comes to the type of property a borrower wants to release equity from, there can still be some restrictions.

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