Later-Life Lending: AI Needs Human Judgement
Together has joined the Equity Release Council as later-life lending continues to evolve. Commentary across the sector stresses that evaluating options is not the same as advising: repayment and interest-only mortgages, retirement interest-only products, second-charge borrowing and equity release can each produce very different outcomes for income, inheritance, benefits and long-term flexibility. AI can support […]
Protection Advice Faces Greater FCA Focus
The FCA is working with industry and consumer bodies to close the protection gap, noting that around 58% of adults have no life, critical-illness or income-protection cover. The regulator has asked the Association of Mortgage Intermediaries to support better protection conversations at the mortgage advice stage, while its wider findings reinforce Consumer Duty expectations around […]
AI, Affordability and Specialist Lending
Borrowers are increasingly prioritising affordable monthly payments over maximum borrowing capacity, while specialist lenders continue to refine propositions for complex cases. ModaMortgages has reduced selected buy-to-let fixed rates, and Leek Building Society has repriced holiday-let and limited-company BTL products. Meanwhile, Gable’s 100% LTV offering underscores continued demand for solutions where deposit formation, rather than monthly […]
Fixed Rates Near 6%: Advice and AI Workflows
Average fixed mortgage pricing continued to rise, with Moneyfacts reporting a typical two-year fix at 5.92%, up from 5.84% the prior week and at its highest point for more than two years. The Bank Rate is currently held at 3.75%, but higher inflation and the prospect of further monetary tightening remain central risks for borrowers […]