Company News Archives - Equilaw

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93% of advisers need further support with vulnerable clients

60% of advisers would like more support with recording client communication and 55% could better understand the Mental Capacity Act.

Read it on Financial Reporter

Popularity of lifetime mortgages rises amongst wealthier homeowners

A lifetime mortgage lender has identified a growing trend amongst wealthier homeowners for taking out the product to assist with their retirement planning.

Read it on Mortgage Financial Gazette

Strong membership growth for the Equity Release Council

Membership of the Equity Release Council has increased annually by 46% to more than 300 member firms. The Council has also seen a 38% increase in registered individuals over the same period, rising from 673 in December 2017 to now stand at over 900.

Read it on Best Advice

A place in the sun? Turn your dream of a sun-drenched bolthole into a reality

his week, Peter Sharkey looks at why thousands of people are using lifetime mortgages to buy a home in the sun.

Read it on The Hunts Post

Equity release market could pass £4bn mark in 2018

Equity release adviser Key has revealed that retired homeowners are releasing an average £76,967 from their homes.

Read it on Best Advice

Equity release rule delays – a triumph for lenders and consumers alike

The Prudential Regulation Authority has announced that it will suspend the implementation of new rules governing solvency requirements for equity release lenders who offer no-negative equity guarantees (NNEGs) until the 31st of December 2019 - a year later than previously scheduled.

Read it on Financial Reporter

Would equity release taxation help solve the downsizing problem?

With figures for the second quarter confirming a 12% increase in equity release lending on the first three months of this year and a 39% rise on the same period for 2017 (according to the Equity Release Council)

Read it on Financial Reporter

How over-55s are cashing in £11million a day from their house value in ‘equity release’ to boost finances in later life

Homeowners aged 55 and over raised a record £1billion through equity release between July and September – £11million a day, figures show. The quarterly figure is up 24 per cent on a year ago. The money was ‘withdrawn’ from the value of homes to pay for items such as care, home improvements and helping children get on the property ladder.

Read it on Mail Online

Zest for holidays of a lifetime prompts record demand for equity release

Homeowners are unlocking a record £11m a day from their property and spending it on home improvements, lavish holidays and sometimes even passing it on to their loved ones, according to new figures from the Equity Release Council.

Read it on The Times

£11 million is being released in property wealth every day in the UK

Home owners in the UK aged 55 and over are releasing the equivalent of £11 million every day from their homes, according to the latest quarterly lending figures from the Equity Release Council.

Read it on Property Wire
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