Over a fifth of retirees are taking out equity release loans to clear outstanding mortgages, according to research by Key Retirement Solutions.
The advisory firm said this boom was partly fuelled by closures and restrictions on interest only deals. As a result, many existing customers have struggled to meet new criteria and penalties imposed on...
£3.4bn released last year
And mortgage lending
To communicate equity release's wider opportunities and benefits, writes Chris Flowers, providers and advisers need to think about how best to engage not only its usual target audience but also their families
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Following Bailey's BoE role