Equity release is in demand against a lack of advisers

Evidence presented by Safe Homes Income Plans (Ship) – the organisation representing over 90% of the equity release market – indicates new equity release business figures for 2006 are expected to see the sector top £1.2bn in sales, rising again to around £1.7bn in 2007. That said, at the same time as the benefits of lifetime mortgages and home reversion schemes are said to becoming more apparent to the consumer there are still concerns over access to high quality advice in this sector. Ship’s member survey is also predicting three of the high street’s biggest names will enter the equity r...