Here is the latest update from Beverley Building Society. Their latest products are viewable here and all accessible via the Brilliant Solutions mortgage club. Contact us for more information.
Boost Later Life Affordability with Our New SIPP Flexibility
Affordability remains one of the biggest challenges in later life lending. That’s why we’ve enhanced the way we assess Self Invested Personal Pensions (SIPPs).
Using a flexible, tiered approach, we can now consider up to 8% of a client’s pension pot (age dependent), helping to maximise borrowing potential while reflecting how pension funds may be used in retirement.
Combined with our:
- RIO Lifetime Discount Product (no ERCs)
- Joint Life Affordability Calculator
We’re continuing to make later life lending easier for brokers and their clients.
“By taking a more flexible approach to SIPP income, we’re helping brokers place more later life cases and supporting clients who may previously have fallen short on affordability.” Stu Bryce, Head of New Business
All applications are subject to underwriting, affordability and valuation.