Equity release enquiries on the up

Furthermore, large numbers of IFAs believe their equity release business levels will improve in the coming months despite the effects of falling house prices. However, redemption penalties and a negative image of equity release products were seen as major barriers within the sector. Hodge’s IFA confidence report found 75% of advisers have seen an increase in equity release enquiries in the past three months. Furthermore, around 70% of advisers believe they will see at least a 5% increase in equity release business in the months ahead. However, advisers were unsure of the impact the cred...