There is currently no way for lenders to distinguish between later life and RIO products (unless they are categorised as equity release) on our system.
Including age related filters would present many training benefits for intermediaries.
The system currently has some age related filters although these are not reflected in the following Insight tabs;
Products - identify RIO products for inter-lender analysis (analysis funnel)
Ranking - So lenders can compare products like for like in relation to age, LTV and loan amount
Documents - To understand conversion rates from later life clicks through to products and conduct a thorough analysis on this segment of the market
This idea will significantly improve the systems functionality.
Hi Hannah,
This is already in our Roadmap, as is captured within 'Consistent filters across SI'.
Thanks
David
https://www.mortgagestrategy.co.uk/news/number-of-rios-doubles-moneyfacts/?eea=RmVRV1VlWHdXOFlKS1N3Wktuc3pyaVZzMENFM08vdFZuaStoVDhSOFlGVT0=&n_hash=357 Here is some evidence to highlight the importance of this growing market.