Legal & General (L&G) is to buy equity release provider New Life Home Finance (Newlife) for £5m.
Andrea Rozario on the surge in demand for equity release and the opportunities for properly qualified advisers
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Equity release specialist Stonehaven has been bought out by annuity provider MGM Advantage.
Nine in ten advisers say equity release is relevant to their client bank, according to a new research released today.
The Financial Services Authority (FSA) has published final rules on mortgage selling, convinced they will "put common sense at the heart of the market" and prevent borrowers taking out unaffordable deals.
The proportion of borrowers remortgaging increased to four in ten last month, which could signal the start of a rush as fixed rates continue to fall for home owners with a large deposit, said an adviser.
Safe Home Income Plans (SHIP) has launched a group to consider the impact fraud has on equity release, and to offer further protection to consumers.
The equity release lender is increasing maximum loan sizes by 11% and cutting rates by 0.2%, following a move to increased individual underwriting.
Safe Home Income Plans (SHIP) has appointed Nigel Waterson as its chairman following the retirement of Laurie Edmans, who stepped down after six years in the position.
Partnership has upped their loan to value rates to enable clients with health issues to release more equity from their homes.
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