- February 23, 2021
- Posted by: Paul Macduff
- Category: News
Please see an article in Financial Reporter we collaborated with Simply Biz helped provide a real life case study for finding a solution for the Later Life lending market.
We looked at some clients whose best laid plans had suffered as a result of the all-too-common cause of life getting in the way! In this case, financial disruption had occurred because one of the clients had retired early due to ill health; although this case happened pre-Covid-19, unexpected financial changes have become more common than ever over the past twelve months. Having to stop work due to ill-health, changing one’s hours to care for an unwell or vulnerable family member and redundancy are just a few examples of scenarios happening more and more often in the current climate.
We also see the first instance of what will become a fairly regular theme in these case studies; the need to address a client’s perception of what equity release is, how it works and what it means to them. Those working in the later life lending market – both advising and lenders themselves – have taken enormous strides to deal with lingering misconceptions of equity release in today’s market, and we hope this work is starting to resonate more and more with consumers.
Click here to see our solution and case study in full detail.