New later-life lending information leaflet for consumers launched

The Association of Mortgage Intermediaries (AMI), The Building Societies Association (BSA), Equity Release Council (ERC), UK Finance and The Investing and Saving Alliance (TISA) have published a new leaflet with information on all the relevant product and advice solutions currently offered by the Later-Life Lending industry.

In an increasingly complex environment consumers need better information about their options to help ensure they make the right choices for them. This leaflet will help ensure that consumers receive consistent messages from all the main sectors of the industry for the first time in a clear and easy-to-use format. This should make it easier for consumers to find the most suitable Later Life Lending products and advice and more clearly understand what their next steps are.

Each trade body will promote this information through their physical and digital channels. Their ambition is that this a step towards more collaboration across the industry for the benefit of consumers.

The new leaflet can be found here.

Kindly shared by UK Finance

Main photo courtesy of Pixabay