An eventful 2005 reinvigorated the equity release market - the first full year of regulation saw a rate war drive down interest rates and firms diversify into new markets, reports Dean Mirfin
Nearly half of all borrowers go direct to providers for equity release products, so brokers have to try harder to explain the benefits of independent advice. 2005 was quite a year in the world of equity release. Despite the demands on the market during the first full year of regulation, it will probably be remembered as the year of interest rate battling and of innovation. It would be unfair to reflect on 2005 without mentioning the providers that have created what can only be described as a year that was responsible for the products that helped make equity release a more attractive pro...
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