New Life Home Finance

Company profile

New Life Home Finance company profile

Newlife was originally formed in 2003 with the objective of capitalising on the growing opportunities emerging in the equity release market. It very quickly established itself as one of very few lenders specialising in providing award winning equity release products to the over 60s. In 2013 Newlife Group was granted full permission by the Financial Conduct Authority (FCA) to administer regulated mortgages from completion to redemption and the business now operates as a full service provider in the retirement market by retailing, underwriting, completing and administering lifetime mortgages and home reversion plans. Its products are retailed exclusively through a fully authorised and regulated panel of more than 700 intermediaries which meet stringent criteria. All of its lifetime mortgages and home reversions comply with the Equity Release Council Statement of Principles. Newlife Group is a member of the Council of Mortgage Lenders (CML), is authorised and regulated by the Financial Conduct Authority (FCA) and is also a member of the Equity Release Council, the equity release industry trade body.