The greatest rate cuts apply to longer term fixed rate mortgages.
Related topic: Later Life
The new errors affect people claiming the new state pension who were already widowed when they retired.
The new framework aims to shift the focus from costs to long term value.
Of the £83 billion taken in flexible payments since inception in 2015, 65% has been taken by those aged under 65.
The number of over 50s looking for mortgages with a 16-20-year term increased by 136% between Q1 2023 and Q1 2024.
The Society launched the mortgage in response to intermediary feedback.
Darren has been a key account manager for the North for the past year.
The specialist lender has announced further reductions across its range.
Chancellor warns '£22bn black hole' will force tough decisions on tax at 30th October Budget, but where could the Treasury look to raise extra revenue?
Q2 was the busiest quarter for lending activity in almost a year.
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