Later Life Finance
Paul Murphy runs Later Life Finance. He explains how lifetime mortgages could be good news for affluent households in later life.
An older later life finance demographic
Paul explained that his products appeal to an older demographic. What’s important to them is they feel looked after. His products appeal to people 55 or older.
How does a Lifetime Mortgage work?
You could be paying off the lifetime mortgage for a long time. But, there are ways to limit the cost of doing so.
The demand for lending in this age group has been driven by interest only mortgages that are maturing from the 1990s. Every year for the next 10 to 15 years there will be 40,000 such policies maturing. The banks have not got an answer to this later life finance issue, because they do not lend over a certain age.
What reasons do people opt for lifetime mortgages?
A Worked Example
How to Get In Touch with Paul Murphy
Paul Murphy Gave This Testimonial
The Next 100 Days co-hosts…
Graham runs Finely Fettled to help organisations that want to market to affluent and high-net-worth customers. He also runs Meet Professionals, which is offered to financial advice groups as a white-labelled lead generation and conversion system. Contact Graham on LinkedIn: Visit Graham’s LinkedIn Profile and by email.
Kevin specialises in finance transformation and implementing business change. He’s the COO of GrowCFO which provide both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com