Equity release clauses, education and embracing digital banking - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Retirement plans in jeopardy: equity release could be blocked if house prices crash Clauses in equity release plans mean homeowners may not be able to continue taking equity from their houses if prices drop as they are expected to in 2021, writes The Telegraph, as the Centre for Business & Economics Research predict a fall of 13.8% by the end of next year. "The terms and conditions of drawdown are often loosely written so that the lender has wiggle room," Simon Chalk of advice firm Later Living Now tells the newspaper. And, while he says some lenders are transparent about the options f...
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