The Horizon Interest Reward product offers discounted rates to customers who commit to a payment plan.
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Despite 42% of HNWIs previously saying they planned to contribute the full £60,000, only a third have contributed more than £40,000 and just 8% more than £50,000.
Advisers say products with more flexible criteria and which more easily allow capital repayment are most needed.
RIO, interest-only and lifetime mortgage product rates have all reduced.
The panel agreed that a number of developments needed to occur to unlock the full potential of the market for advisers.
Volunteer participants will now begin connecting from August 2024.
The new coalition - combining Just Group, L&G, Moneyhub and Standard Life - has launched to support a successful launch.
The Tailor Enhanced range will offer eligible customers LTVs up to 54%.
A new report has suggested payouts of between £1,000 and £2,950.
The platform aims to broaden the understanding of housing equity's role in retirement planning.
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