Who we are
Welcome to Newlife. We were originally formed as one of very few lenders committed and dedicated exclusively to providing equity release products, in the form of lifetime mortgages. Since we were formed in 2003, we have gained a reputation for quality service and award-winning products.
To build on this exceptional success and to help meet the needs of more customers in a wider range of circumstances, we have now extended our portfolio with the introduction of a series of innovative and flexible financial products, to cover a more comprehensive range of financial requirements.
Newlife does not sell its products directly to individual customers – they are only available through a number of duly authorised and approved intermediaries.
To read more about our achievements, please read about our milestones.
Management
The Executive Directors and founding shareholders of New Life Mortgages Limited are Peter Lucas, Peter Turley and Kevin Allen who between them have almost a century of experience in the financial services industry and much of it at the very top level. Peter Lucas sits on the board of SHIP (Safe Home Income Plans).
Ownership
The current ownership structure of New Life Mortgages Limited is as follows:-
| Directors |
43% |
| The NMB Group Ltd |
37% |
| Manchester Building Society |
20% |
Funding
Newlife has access to substantial funds from a diverse base of UK financial institutions ensuring continuity of funding, which also allows Newlife to enter into retailing arrangements with the largest financial intermediaries.