Lifetime mortgages are not the only option for clients. Chris Prior highlights the case for home reversion
Chris Prior highlights the issues advisers need to discuss with clients considering equity release
Equity release advances have increased to the highest level in two and a half years according to the Equity Release Council (ERC).
Fiona Murphy asks advisers why home reversion plans are the underdogs of equity release and where the product can be used to a client's advantage.
Demand for equity release has increased, despite scepticism. Fiona Murphy looks at the results of this Retirement Planner Inquiry
Annuity and equity release provider Just Retirement has more than doubled the maximum initial loan amount available from its equity release product.
The FSA's consultation paper on the mortgage market review (MMR) does not go far enough to ensure consumers are provided with a full range of equity release options, the Society of Equity Release Advisers (SERA) says.
The value of the equity release market increase by 4% over Q3 from £196.7m to £205m, according to the latest figures from Safe Home Income Plans (SHIP).
Major flaws exist in the equity release advice process, according to an undercover investigation which found some IFAs are failing to ask clients even the most basic fact find questions.
Safe Home Income Plans (Ship) has reported steady growth in the equity release market with the total value of new business written standing at £279m for the first quarter of 2006, an 11% increase on the same period last year.