A different approach

clock

We all admit there is a clear need for quality advice in the equity release market says Elizabeth Boardall. However, how should this be delivered?

Most industry commentators agree that equity release is set for rapid expansion in the future, so as more lenders enter the market the need for quality impartial advice is crucial. It is reassuring to know that the products available now offer far more choice and flexibility. Moreover, people can rest assured that the vast majority of products must now adhere to strict guidelines applied in the name of treating customers fairly. SHIP (Safe Home Income Plans), the body dedicated to the protection of plan-holders, education of consumers and the promotion of safe plans has made considerable ...

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 Equity release

Why IHT changes mean advisers should look closely at lifetime mortgages

Why IHT changes mean advisers should look closely at lifetime mortgages

Advisers should consider lifetime mortgages in IHT mitigation planning

Sanjay Gadhia
clock 04 March 2025 • 4 min read
Later life lending products – a greater consideration post-Budget?

Later life lending products – a greater consideration post-Budget?

Range of lifetime mortgages available has broadened beyond the traditional

Sanjay Gadhia
clock 15 October 2024 • 5 min read
Royal London acquires later life lender Responsible Group

Royal London acquires later life lender Responsible Group

Mutual purchases remaining stake in later life lending group

Jenna Brown
clock 23 November 2023 • 1 min read