A legal perspective on equity release

clock

Richard Espley highlights the role solicitors play in the equity release process

Failing pension provisions, unemployment and rising personal debts are just some of the reasons why an increasing number of people are turning to equity release to fund their retirement. More than 18,000 cases were dealt with in 2011 and it is anticipated this figure will rise as more people acknowledge it as a means of combating the rising cost of living. About 85% of plans sold are via mortgage advisers and although equity release is usually taken out by people aged 55 and over, a growing number of people are looking into it as they plan for their retirement. As a highly speciali...

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 uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •