The product offers interest rate discounts to clients who choose to make regular payments.

The average house price value among new lifetime mortgage customers has risen nearly five times as fast as the national average.

The Council now has 762 member firms and 1,848 registered individuals. 

Q3 saw an 8% quarterly rise in existing customers taking further advances to extend their loans.

For the first time, there is a preference for drawdown over lumpsum plans among new customers.

Paul Glynn, CEO of Air, underscores the importance of advisers having comprehensive conversations to guide their over-50 clients through the maze of options available to them.

Rates have reduced by up to 0.29%.

The event is being held in Sheffield this November.

The tool lists payment schedules, interest roll-up and the total amount borrowed/owed throughout the loan term.

The new reductions apply to LiveMore 2, 3 and 4 products.