LATER LIFE LEARNING ZONE

Welcome to our Later Life Learning Zone

Later life borrowing has expanded rapidly over the last decade and there are now hundreds of products and product options to choose from. This makes borrowing in later life much more flexible but also more complex, which is where our learning platform comes in. Our unique Learning Zone allows you to record and track your progress as you increase your knowledge, empowering you to navigate your later life borrowing options with confidence.

Review and select our learning modules
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Later Life Borrower

Many people who find themselves in need of additional funds in later life consider unlocking the equity in their homes. We’ve put together a set of modules designed to teach you everything you need to know about borrowing in later life and the huge range of options available to you.

If you’ve already taken our Learning Style Quiz and registered for your Learning Account, then you are ready to start the Later Life Borrowing modules (more details below).

Review the modules

Later Life Borrowing in numbers…

£28bn
Total size of later life lending market (2023)
£97,878
Average lump sum released through equity release (2023)
69
Average age of an equity release borrower (2023)

Sources: Legal & General, Equity Release Council, Pure Retirement

Our five learning modules

Our Later Life Learning Zone is made up of five modules – featuring 25 individual courses and five mini-quizzes – covering all the information you need to help explain and demistify the world of later life borrowing.

You have to be registered/logged in to access our learning modules

Click the links below to get more course information and to start a particular module.

This first module is an introduction to the subject of Later Life borrowing. We start by defining the term itself, before moving on to more of the later life mortgage basics to get you started on your knowledge journey.

Course topics:

  1. Defining Later Life Borrowing
  2. Qualification criteria
  3. Costs involved
  4. Obtaining advice
  5. Affordability and credit rating
  6. Mini-quiz
Start this module ›

Having covered the basics in the first module, we now delve into more of the details of mortgage borrowing for later life consumers.

Course topics:

  1. Borrowing options and limits
  2. Benefits and risks
  3. Key features and how they work
  4. What the money can be used for
  5. Repaying interest/capital and the cost of borrowing
  6. Mini-quiz
Start this module ›

The mortgage market, like the rest of the financial services industry, is subject to wide-ranging regulation designed to protect consumers from financial harm. In this module, we explain the different layers of consumer protection and what they mean for you.

Course topics:

  1. The Equity Release Council and Standards
  2. The role of the regulator (Financial Conduct Authority)
  3. Vulnerable customers and the impact on later life borrowing
  4. Adviser qualifications and duties
  5. Understanding your KFI and ESIS
  6. Mini-quiz
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In this module we explain the process of applying for a later life mortgage, including what happens right at the end of the loan when it is time to repay your mortgage debt.

Course topics:

  1. The application process and completion timeline
  2. Your rights and responsibilities
  3. The impact of stopping interest repayments
  4. Accessing further borrowing
  5. The end of the loan term – how the debt is repaid
  6. Mini-quiz
Start this module ›

In this final module, we’ll take a look at some other important considerations you may need to take into account alongside your mortgage application, especially in terms of protecting the future financial security of you and your family.

Course topics:

  1. Wills and Power of Attorney
  2. Later life lending terms and what they mean
  3. The impact of borrowing on State benefits
  4. Estate planning and inheritance considerations
  5. Alternatives to borrowing
  6. Mini-quiz
Start this module ›
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To understand the features and risks of a lifetime mortgage, ask for a personalised illustration.

Think carefully before securing other debts against your home.

Some Buy to Let & Commercial mortgages are not regulated by the Financial Conduct Authority.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A Protection plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse and you may not be covered if a claim is made

Advice Guru is a trading style of One Stop 4 Equity Release Ltd which is authorised and regulated by the Financial Conduct Authority (FCA). FCA No 952887. One Stop 4 Equity Release Ltd is a registered company in England and Wales with Company Registration Number 13452621. Registered Office: 14 North Street, Bourne, Lincolnshire, PE10 9AB.

Trademark Number: UKOP444255