Difficult financial conditions have affected the equity release industry over the past year. However, Alison Beeston sees room for optimism
The equity release sector is often discussed as an area which has not reached its full potential. It is fair to say that the growth of the sector has not been in line with most predictions. However, there is now a sense that a number of economic lines have converged and there are many more individuals who will need to use equity release. So, has the sector made the great leap forward is it entering or already firmly ensconced in a new era? New challenges Certainly, market conditions since 2007 have brought new challenges. Credit conditions are tight, risk awareness is high, financial ...
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