Just Retirement says more advisers need to offer equity release products and says it will continue efforts to assist those wishing to enter the market.
The call comes as Safe Home Income Plans (SHIP) released figures showing a small drop in the amount of equity released from homes. SHIP’s Q1 2008 figures on equity release sales show volume declined 13% to 5,892 compared with the same period last year. The value of equity released also fell, down 17% to £242.7m. However, David Cooper, managing director of Just Retirement, says the slight dip in figures is not unexpected in the current climate and says there is still significant demand for equity release products. “This slight dip is due to extreme and temporary factors and the fact that ...
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