As cost-of-living eases, client focus shifts to future-proofing finances
In the evolving landscape of UK financial planning, lifetime mortgages are emerging as a pivotal tool for clients seeking to optimise their financial strategies.
Legal & General’s recent data underscores a shift in consumer behaviour, with fewer individuals relying on equity release for immediate living expenses or emergency funds. Instead, there’s a notable trend towards utilising these financial products to bolster long-term financial stability.
As the cost-of-living pressures begin to ease, evidenced by the Office for National Statistics’s report of a slowing inflation rate, the focus hifts to future-proofing finances. Legal & General’s insights reveal a
Advisers are encouraged to delve deeper into the potential of lifetime mortgages within the context of holistic financial planning. By integrating property wealth into the financial equation, advisers can offer a more comprehensive plan that addresses both current needs and future aspirations.
To explore how Legal & General’s products can enhance your clients’ financial strategies, we invite you to read more about our innovative solutions, including the Payment Term Lifetime Mortgage.
Together, we can navigate the dynamic financial landscape and secure a more prosperous future for your clients.
A lifetime mortgage is a loan secured against your client’s home that is usually repaid when your client dies or moves out of their home into long term care. There may be cheaper ways to borrow money.