A growing interest

While the credit crunch has taken its toll on the UK mortgage market, it would be fair to say that the equity release sector has weathered the storm better. In the summer of 2008, Hodge Equity Release targeted a cross-section of IFAs from across the UK to discover the perceptions and thoughts of those operating within the equity release sector. Seventy-five per cent of advisers reported an upturn in equity release enquiries between May and July 2008 and 70% expect to see at least a 5% increase in their equity release business between September and November 2008. A recent speech by former ho...