The equity release market moved closer to £1bn of activity in a single quarter as homeowners aged 55 and over unlocked £971m from their homes in Q2 2018, according to figures from the Equity Release Council.
Total lending between April and June increased by 12% compared with the first quarter of 2018 (£870m) and by 39% year-on-year from Q2 2017 (£701m). The quarterly increase was broadly in line with the average...
Lasting power of attorney
Three risk profiles
Caused by falling oil price
Roger Marsden takes over on interim basis
Will face 'appropriate action'