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Key updates to the Royal London Equity Release product range

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Key updates to the Royal London Equity Release product range

Our Ambassador, Responsible Lending, has made some updates to their Royal London Equity Release product range.

Responsible Lending have implemented exciting changes to our products, benefiting both you and your customers, and we want to ensure that you are informed about the essential improvements that we’re making to support you.

Royal London Equity Release Principal product

We are now offering reduced rates on our Principal product, and we have increased the maximum loan-to-values.

This means that your customers could benefit from:

  • Lower interest rates.
  • Greater opportunities for releasing equity.
  • Consistently flexible underwriting, thanks to our in-house referral committee.

Royal London Equity Release Efficiency Plus product

We’ve taken on board the feedback from our advice base, and we’re taking time to redesign the process by which we verify EPCs for this product. In the meantime, we have removed this product from the market.

Rest assured that any existing Efficiency Plus KFIs or applications will continue to be processed.

Royal London Equity Release Core Standard product

We are delighted to announce that LTVs have also increased to 48% on our Standard product, offering options for more homeowners than ever before.

Don’t forget that with our 21-day rate lock, we’ll honour rates from the point of sourcing, even before you create a KFI.

If you have any questions surrounding either of these changes, please get in touch with our experts.

Our Business Development Team are available to reach by phone at 01752 858 222, or email them at [email protected].

Further information about any of our products and services and to register with Responsible Lending, take a look at our website.

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