During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. The Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , while Equity Release Club will become AIR Mortgage Club . Evolution of Products Mike Taylor Operations Director TREY 1 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Agenda while Equity Release Club will become AIR Mortgage Club . ▪ In the beginning ▪ The scandal & slow recovery ▪ Limited appeal ▪ Innovative solutions for today’s retiree TREY 2 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Market inception in 1960’s while Equity Release Club will become AIR Mortgage Club . ▪ Home Income Plans ▪ Home Reversion Plans ▪ Shared Appreciation Mortgages Annuity backed schemes to Generate a little extra income Little flexibility for changes throughout retirement TREY 3 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , while Equity Release Club will become AIR Mortgage Club . 1980’s… Risky schemes Many pensioners who took out a scheme to release equity from their home are now facing high bills and Market suffers a setback Thousands of Dangerous schemes linking variable Pensioners lose mortgages to investment bonds their homes …and called “Equity Release” Equity Release is not safe TREY 4 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , while Equity Release Club will become AIR Mortgage Club . The clean up operation… Safe Home Income Plans, followed by the Equity Release Council Restore public and market faith And credibility of market TREY 5 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Fast forward to the millennium… while Equity Release Club will become AIR Mortgage Club . Home Income Plans, Shared Appreciation Mortgages have gone Leaving… ▪ Lifetime Mortgages ▪ Home Reversion Plans TREY 6 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Yet product design limits their appeal… Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , while Equity Release Club will become AIR Mortgage Club . Common Objections / Concerns ▪ Compound interest makes it expensive ▪ Restrictive LTVs meaning cannot raise enough ▪ I don’t want to spend all my kids inheritance ▪ I’ll be charged a fortune if I want to repay ▪ I need capital / income throughout retirement ▪ What if I want to move home & repay TREY 7 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Introduction of Drawdown Lifetime Mortgages while Equity Release Club will become AIR Mortgage Club . Allowing borrowers a pre-agreed cash reserve To release funds more cost effectively throughout retirement Providing Solution for… “ I need capital throughout retirement” Almost 2 thirds of all lifetime mortgages taken out are Drawdown TREY 8 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Introduction of Enhanced Lifetime Mortgages while Equity Release Club will become AIR Mortgage Club . For clients with health / lifestyle issues – ability to release more Particularly helpful for those of younger ages, repaying mortgages etc Providing Solution for… “I cannot release enough” TREY 9 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Interest Serviced Lifetime Mortgages while Equity Release Club will become AIR Mortgage Club . Providing clients real control over their borrowing and flexibility when circumstances change Without affordability issues, or any risk to the property Providing Solution for… “Compound interest is expensive” & “I don’t want to spend inheritance” TREY 10 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Voluntary Payment Lifetime Mortgages while Equity Release Club will become AIR Mortgage Club . Ability to make repayments, if and when a borrower wants to Another Solution for… “Compound interest is expensive” & “I don’t want to spend inheritance” TREY 11 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Inheritance Protection / while Equity Release Club will become AIR Mortgage Club . Protected Equity Borrowers were now able to protect a fixed percentage of their property value to pass on after death. Providing Solution for… “I don’t want to spend kids inheritance” TREY 12 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Increase of Fixed ERC’s Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , while Equity Release Club will become AIR Mortgage Club . Products coming to market increasingly offer known, fixed Early Repayment Charges Providing Solution for… “What if I want to repay the loan early” TREY 13 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Downsizing Guarantee Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , while Equity Release Club will become AIR Mortgage Club . Repay mortgage without penalty upon house move after a qualifying period Providing Solution for… “What if I move and want to repay” TREY 14 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
The Evolution of Products During 2019 two of our existing trading names will be re-branded under the Answers In Retirement (AIR) brand name. Below are our current brands and the intended changes. The Later Life Academy will become AIR Academy , Change of Circumstances / Significant Life Event while Equity Release Club will become AIR Mortgage Club . Where a partner dies / moves permanently into long term care, the remaining borrower can repay the loan within three years if they wish to do so without any early repayment charge. TREY 15 Equity Release Council AGM 24 April 2019. Strictly for use with financial intermediaries research
Recommend
More recommend
