News

Equilaw 2017 Highlights

As 2017 comes to an end, we are looking back on a brilliant year at Equilaw and here are some of our highlights: Equilaw are delighted to have won the award for the ‘Best Conveyancer’ at the Equity Release Awards 2017. This is the eighth time that Equilaw has won this award and we are […]

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What qualifications should an equity release adviser have?

Equity release mortgages are when older homeowners convert the financial value in their home to a lump sum to allow them cash to spend while they are still young and healthy enough to enjoy it. So it’s important to be certain that the advice they get is regulated, authorised and the people giving it have the right qualifications.

Read it on The Telegraph

Equity release advisers ‘exam collecting’, not selling

Very few advisers with equity release qualifications actually sell the products, new research suggests. Equity release specialists Pure Retirement says 9,000 advisers in the UK are qualified to offer equity release, yet just 500 to 1,000 are advising on it every month.

Read it on Mortgage Strategy

Homeowners release 50% more equity from property

UK homeowners released 50 percent more equity from their properties over the past three months, according to Responsible Equity Release.

Read it on Financial Times Advisor

The over-70s who mortgage their homes to pay for care

Like many pensioners, Celia Smith faced an agonising choice as she began to realise she would need long-term care. The 73-year-old was diagnosed with multiple sclerosis 25 years ago but didn't need care until a decade later when she fell down the stairs, damaging her spine.

Read it on The Telegraph

Equity Release: Things To Consider

If you are a homeowner aged 55 and above, equity release might be something you have considered doing. It allows you to release equity from your property which can provide you with an additional income or lump sum.

Read it on Green Dollar Bills

Reintroduction of retirement interest-only mortgages “far from ready”: ERC

A recent FCA consultation paper set out plans to reintroduce retirement interest-only mortgages, however the Equity Release Council’s new Chairman believes the proposals are "far from implementation ready".

Read it on Financial Reporter

Halloween Bake off and Decorations

We have some brilliant bakers at Equilaw and the Halloween Bake Off was certainly an event to show off our skills. Here is a selection of what our staff created: Every year we take Halloween to new levels with our decorate your desk competition – this year we had, witches, zombies, clowns, vampires, a creepy […]

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Equity release: How to unlock the wealth tied up in your property

AS INFLATION hits a five-year high millions of older people living on fixed incomes are facing a further financial squeeze. Life in retirement is getting more expensive, costing an average of £10,830 a year, according to new analysis from over-55s financial specialist Key Retirement.

Read it on Express

Could the booming equity release market lead to an influx of claims from disgruntled relatives?

The implications for British society of the rising costs of elderly care are widespread. The recent general election result was partly attributed to the so-called ‘dementia tax’, and in years to come it is possible that a flurry of negligence allegations may arise indirectly from the problem.

Read it on Howden
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