ERC brings back face-to-face legal advice requirement for members

'Customer safeguards and protections'

clock • 3 min read
The face-to-face requirement was added in 2013, according to the ERC
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The face-to-face requirement was added in 2013, according to the ERC

A mandatory face-to-face in-person meeting with a solicitor will be required for all customers considering an equity release product with a member firm, the Equity Release Council (ERC) has said.

The rule, which has been temporarily relaxed since April 2020 due to the Covid-19 pandemic, will be re-instated as of 19 April. Existing cases in progress now, which have used this temporary amendment,...

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