An undervaluation scandal is brewing in the equity release mortgage sector that is similar in nature to the Equitable Life fiasco of nearly two decades ago, a report from the Adam Smith Institute has warned.
The report, written by Durham professor of finance and economics Kevin Dowd, has said the ‘no-negative equity guarantees' (NNEGs) issued by lenders in the market lie at the heart of the problem. NNEGs guarantee...
Once-in-a-lifetime out, necessities in
£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
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams