Giving clients an informed choice on equity release

For those of us with a few grey hairs that remember the home income plan debacle of the late 1980s, the wound is largely still open. The new breed of lifetime mortgages and home reversion plans may alert some advisers with their different descriptions but whilst the products are largely similar to their predecessors, fortunately the much tighter regulatory guidelines should ease the anxiety The younger generation of advisers, mainly of the mortgage broking fraternity, view equity release as the next big thing and with commissions of a flat £15,000 per case being paid by from some lenders,...