Living choices

Professional Adviser
clock

For clients struggling to raise cash to pay for long term care, equity release could be an option. Peter Fisher explains

Recently, there has been a lot of coverage from various mortgage experts extolling the vast amounts of easy business that awaits lenders and mortgage brokers. The Council of Mortgage Lenders (CML) estimates the market potential at up to £100 billion while 2003 generated just over £1 billion of new completions. For those new to the equity release market, the following definitions will serve as a useful introduction. Equity release is a generic term that covers all methods of releasing funds from residential property for elderly homeowners, usually aged 60 or over. It is normally financed in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Unsecured Loans

Living choices

For clients struggling to raise cash to pay for long term care, equity release could be an option. Peter Fisher explains

Professional Adviser
clock 01 October 2004 •

Product round-up

Each fortnight we bring you the key features of recently launched or relaunched mortgage products

Professional Adviser
clock 28 August 2003 •

As safe as houses

A recent survey conducted on behalf of the Association of British Insurers (ABI) has revealed that...

Professional Adviser
clock 31 May 2002 •