We use essential cookies to make our website work properly when you visit us. We’d also like your consent to set other non-essential cookies to help us improve our website and tailor the marketing you see.
Go back
As you’ll no doubt be aware, we’ve seen renewed turbulence in global geopolitics over the past few weeks, and this has already begun to feed through to the markets. Gilt rates have climbed by 15bps compared with this time last week1, and Swap rates have risen by over 10bps since the start of the week alone2.
As a reminder, lifetime mortgage rates are intrinsically linked to movements in both Gilts and Swaps, and with ongoing volatility likely to continue for at least the next few weeks, we may well see further upward pressure on pricing.
To help protect your customers from potential rate increases, I strongly recommend creating a KFI. Securing a KFI now ensures you have today’s rates available, safeguarding your clients against any future uplift.
Additionally, when speaking with your clients, it’s worth considering how the latest generation of Interest Reward products can provide further value in a higher rate environment. With discounted interest rates available for customers who commit to making regular monthly payments, typically ranging from 5bps to 75bps on our Flexi Interest Reward plan, these products are designed to help mitigate the impact of rising costs over the life of the loan.
If you have any questions or would like to discuss how we can help you position your cases in the current market, please don’t hesitate to contact a member of our expert team.
Create a KFI
Read now
As a reminder, lifetime mortgage rates are intrinsically linked to movements in both Gilts and Swaps, and with ongoing volatility likely to continue for at least the next few weeks, we may well see further upward pressure on pricing.
To help protect your customers from potential rate increases, I strongly recommend creating a KFI. Securing a KFI now ensures you have today’s rates available, safeguarding your clients against any future uplift.
Additionally, when speaking with your clients, it’s worth considering how the latest generation of Interest Reward products can provide further value in a higher rate environment. With discounted interest rates available for customers who commit to making regular monthly payments, typically ranging from 5bps to 75bps on our Flexi Interest Reward plan, these products are designed to help mitigate the impact of rising costs over the life of the loan.
If you have any questions or would like to discuss how we can help you position your cases in the current market, please don’t hesitate to contact a member of our expert team.
Create a KFI
Other articles
-
.png?ext=.png)
Dig deeper for better outcomes
Managing Director, Ben Waugh, shares his throughts on why asking the right questions is key in a Consumer Duty world
Read now -
Market review - Q1 2024
The annual lending volumes in lifetime mortgages (LTM) halved from 2022 to 2023 as interest rates spiked, LTVs were trimmed, and various parties left and re-entered the market. So, after a quarter of more stability, where are we now?
Download -
-(2).png?ext=.png)
The FCA should make later life lending central to its public discussions | Dave Harris
The government’s ongoing focus on growing the economy has led it down the path to various industry regulators, not least our own FCA, with the request to look at its existing rules to see whether they are holding back activity in any way, shape, or form.
Read more to find out what more2life CEO, Dave Harris, has to say...Read now -
Where are rates heading now? | Roland Steere
In this article, Roland underscores the need to educate clients about the current rate environment, helping them understand that they reflect long-term averages rather than anomalies.
Read now