New Equity Release Lender More2Life Launches New Products

Signs that the equity release market is beginning to spark into life again, can be evidenced by the re-emergence of a former lender in the market.

More2Life have joined forces with annuity specialist Partnership assurance to re-launch their impaired life roll-up lifetime mortgage plan.

Incorporating an impaired life facility & protected equity guarantee, the More2Life equity release plan can be seen to be opening a niche market for itself. The impaired life facility means that depending on health & lifestyle, a higher than normal tax free lump sum can be achieved, should serious health issues be present.

The More2Life equity release plan has been designed with three scenario’s in mind: -

1. Enhanced plus – industry leading maximum release, impaired life product

2. Enhanced protected – impaired life plan with ‘protected equity guarantee’

3. Protected plan – older applicants looking for a ‘protected equity guarantee’

Pitching the enhanced plus plan at the maximum release end of the market means that should the applicant qualify on medical grounds, they would have the highest lump sum currently available. This would even surpass the current Aviva Lump Sum Max product, although this would be at the expense of a higher interest rate with More2Life.

The following percentages are the maximum releases available on the Enhanced Plus: -

Age 55 23%

Age 60 28%

Age 65 33%

Age 70 38%

Age 80 48%

Age 90+ 54%

For example, an applicant aged 65 with a property valuation of £250,000 & meeting the underwriting criteria, can release a maximum of £82,500 on the enhanced plus plan.

The interest rate for this product will be 7.49% monthly.

The second product – ‘enhanced protected plan’ is also based on health & lifestyle grounds & again can provide an enhanced lump sum. However, to qualify for this equity release scheme the health situation will not be a serious as the enhanced plus. The interest rate for this plan is lower at 6.99% monthly.

Another feature of this plan is the ‘protected equity guarantee’ which is included & guarantees a percentage of the property for the children/beneficiaries on the eventual sale of the property.

The guarantee works as follows: -

Should the overall facility available be £80,000, yet only £40,000 is taken, then 50% of the final sale value will be protected on sale.

This can be an essential tool for applicants who wish to ensure that a guaranteed inheritance is passed onto their children.

The final option is the ‘protected plan’ which has no impaired life facility, but does include the protected equity guarantee. The interest rate is the same as the enhanced protected at 6.99% monthly.

The challenges of software outsourcing

Are you looking to outsource your software development needs? You’re not alone – the global software outsourcing market is valued at over [$92.5 billion] But with such a massive industry comes a host of hidden costs and unexpected challenges. Sure, cost reduction is a big motivator for outsourcing, but what about the hurdles you might encounter?

Let’s take a deep dive into the common pitfalls of outsourcing and offer dynamic solutions to help you overcome them. We’ll also show you why offshore development may be the answer you’ve been looking for.

Outsourcing vs offshoring
Outsourcing – yes, the operational costs are relatively low, but hiring contractors for one-off projects through third parties can be a headache.

Offshoring is the key to achieving long-term goals with committed staff and highly skilled software engineers. But let’s face it; the cost can be a concern.

The common problems with outsourcing
Quantity over quality
Looking to outsource to save on costs? The trade-off may not always be worth it. With outsourced engineers juggling multiple clients, quality can suffer, and their priorities may not align with yours. The result? A project that only partially reflects your company’s vision or needs.

A lack of control over ‘your’ team
Third-party vendors often hire independent contractors outside your team, making it challenging to oversee their work and communicate with your internal team. Keep your projects on track and maintain communication by choosing a more reliable solution.

Undisclosed and hidden costs
Don’t let hidden expenses sabotage your software outsourcing plans. While outsourcing can save on employment costs, be wary of hidden fees that can impact the quality of your software. Cutting corners with your budget can ultimately result in lower-quality software and missed deadlines.

Data loss and theft
Outsourcing software development can be a double-edged sword. While it can help reduce costs and expand your team’s capabilities, it also poses risks such as data loss, cybersecurity threats, and intellectual property theft. Protecting sensitive data and ensuring that your team has proper security measures is crucial to prevent any breaches.

Cultural differences
When working with an outsourced team, it’s important to remember that they’re temporary workers who may not fully understand your company’s values or way of doing things. Bridging the culture gap between your internal and external teams can be tricky, but it’s important for successful collaboration.

Legal disputes
It’s not always a lack of technical skills that causes disagreements – often, communication issues get in the way. To ensure your software meets contract requirements, your developers need strong English skills to clearly articulate their work’s scope. Don’t overlook the importance of effective communication in software development – it’s crucial for project success.

Why is offshore development different?
Offshoring prioritises team culture over cost, letting your company’s individuality flourish. This model can provide numerous benefits, including access to a larger pool of skilled professionals, lower labour costs, increased flexibility in staffing resources, and the ability to scale up or down as needed. Additionally, offshoring allows your company to focus on the core competencies while leaving other tasks to specialised professionals.

Trustworthy offshore partners like The Scalers are transparent about costs, handle legal and administrative duties, and ensure their culture aligns with yours.With access to top-tier tech specialists, they can manage screening on your behalf and prioritise security with state-of-the-art firewalls, anti-virus and anti-spyware defences, and regular software updates. Don’t settle for less – partner with the right offshore team to take your business to new heights!

Key takeaways to keep in mind:
Offshoring can solve many issues outsourcing can’t
In-house developers are involved in offshoring and work solely for your business
Offshore developers are committed to your company’s success and fully align with your mission and projects
A reliable offshore partner will oversee recruitment with an established method, manage your operations and HR functions, and assist you in expanding

Special Tie Boxes That Can Help You Launch Your Brands Successfully

Everything about packaging is centered around creativity. Once you get it right the first time, you will achieve all round success in your business. Packaging is one of the factors that distinguishes one particular product from another of the same type. The specially customized tie boxes, with interesting color themes and schemes, have the capacity to attract potential buyers to your product. A lot of companies that are doing well in business today, especially with their sales figures and brand popularity have really invested a lot in their packaging, as well as the product itself. New companies, looking forward to launch their brands in the market, should ensure that the quality of their product’s packaging is worth looking at.

Another wonderful thing about the tie boxes, is the quality of material use for their production. This material, plays a very vital role in its presentation. Leading brands in the market today, have achieved some level of success today, courtesy of the packaging material used, as well as the styling of the box. So for producers that are new to the market, it is very important you take note of this and choose the right packaging for your brand. While there are many individuals out there, claiming to be professionals in the printing business, it is very important for you to make your research carefully, so as to choose the right one for your brands. For the tie boxes, having a nice design is not all that expensive. You can get them customized, with some added features, at a very convenient price. For instance, you can get a beautifully customized box to package your tie as gifts. This can be very amazing, especially when you are sending it as a gift to some one special.

Different men stores, makes use of the customized tie boxes, for branding and also endorsing their attires. You can also use the pop up display tie boxes. These types of boxes, are perfect for showcasing your various collections of ties in a unique way. There are spaces for you to place important accessories like tie clips as well as chains in these boxes, to make them very unique and appealing. You can win the credibility of your customers, when you provide boxes that are specially designed. For businesses that are selling handmade fabric tie packaging boxes, you also have the chance to make your brand stand out with your packaging style. For silk and designers tie, providing beautifully customized tie boxes will nail your target audience.

For wedding, valentines, Christmas and other important celebration, you can use the gift tie boxes to nail your target audience. For those individuals, producers or wholesalers that have large collection of ties and sorting them proves a hassle, using these boxes can be very helpful. You can have different designs of the tie boxes to store them. You can also have a big box, for storing your tie; you can store your casual, official as well as formal tie wears in this size of boxes. Printing companies can customize these boxes for you, into any sizes that you want. They can also use pertinent color tones on each of these boxes, to make them remarkable.