New Insight on How Lending Criteria Shaped 2024’s Later Life Market
The later-life lending market is evolving, making it important for financial advisers to understand common lending criteria.
Pure Retirement’s online criteria tool assists advisers in answering their lending-related queries.
In 2024, the top three search terms on the tool were flat roof, flood, and age-restricted. Flood Risk was the most searched term during the first two quarters, while age-restricted led in the third quarter. The fourth quarter saw increased searches for “lease” and “commercial.”
For more detailed discussions about lending criteria questions, advisers can consult with the lender’s Intermediary Sales team.
