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Equity Release News

Pure cuts drawdown rates

Pure Retirement has reduced the interest rate on the ‘Pure Drawdown Plan’ has been reduced by 0.43% to 6.59% monthly (6.79% annual).

PFS 2014: Advisers urged to offer equity release

Advisers have been told that offering equity release is a no brainer by a panel of industry leaders at the Personal Finance Society National Conference.

StepChange links up with Magellan

StepChange Financial Solutions has been appointed by Magellan Homeloans to advise clients about its specialist range of credit repair mortgages.

Key Retirement rebrands

Key Retirement Solutions is rebranding as Key Retirement with two distribution divisions focusing on retirement lending and wealth and retirement options.

Bower Retirement Services to double adviser numbers

National equity release adviser firm Bower Retirement Services is looking to boost its face to face adviser team and support staff and double the number of its advisers to 48.

Ray McCaarthy joins Later Life Academy

Ray McCaarthy has joined The Later Life Academy as national development manager.

Bridgewater outlines four equity release sessions

Bridgewater Equity Release has announced the details of four equity release advice sessions being held from September onwards across England.

Government must look at pensioners finances

Future generations of pensioners face a bleak future unless the government addresses the long term challenges of working age poverty, the International Longevity Centre – UK has warned.

Pure Retirement partners with Phoebus

Pure Retirement has signed with originations and servicing platform Phoebus Equity Release solution on a five year contract.

Yorkshire house prices racing ahead

House prices in Yorkshire have increased by 3% in the last year, 9% in the last decade, research from Age Partnership has revealed.

Enhanced equity release has untapped potential

The enhanced equity release sector – which enables more money to be released for people with health problems - has the potential to grow if advisers are better trained, Stuart Wilson, marketing director at more 2 life, claims.

Industry experts propose Equity Bank

The government should create a state-run Equity Bank to help low income pensioners generate extra income from their property, a report from two City University professors has proposed.

Bridgewater roundtable heads to Peterborough

Bridgewater Equity Release will head to Peterborough next month to hold its latest roundtable workshop for specialist equity release advisers.

Over-65s in safety-proof struggle

Seven out of 10 over-65 homeowners want to stay living in their current property during retirement yet nearly two-thirds (64%) believe they can’t safely without modifying their homes, research from the Equity Release Council has revealed.

LV= improves ER lending policy

Retirement specialist LV= today has launched an enhanced equity release lending policy document for advisers.

OAPs can plot future with RetireEasy

Pensioners will be able to plot their future using retirement planning website, writes Ryan Bermbridge.

Bridgewater holds round table in Plymouth

Bridgewater Equity Release will hold its next round table adviser workshop on June 17 at the Ashford Solicitors office in Plymouth.

Professionals plan to use property wealth to retire

More than half of professionals plan to use their property for extra pension support, specialist financial services provider Wesleyan has revealed.

Bridgewater takes Masterclass event to Bournemouth

Bridgewater Equity Release will host its next Masterclass event for equity release advisers at the Village Hotel in Bournemouth on the 20 May.

Key group strengthens its executive team

Key Group has appointed Will Hale as business development director.

Grandparents continue to bail out grandkids

More than one in three over-65s have paid off debts of more than £2,000 for children or teenage grandchildren, research from MetLife shows.

more 2 life unveils MMR broker support

Equity release lender more 2 life will be MMR compliant by April 7, more than two weeks ahead of the April 24 deadline, it was revealed.

Hodge Lifetime joins Academy

Hodge Lifetime has joined the Later Life Academy as its latest product adviser.

The Right Equity Release post 85pc sales increase

The Right Equity Release, the specialist club launched in 2010, has announced £1.33m in sales, delivering £187,000 net profit before tax.

Openwork links up with KRS

Openwork has chosen Key Retirement Solutions as its exclusive provider of equity release schemes.

40pc of lifetime mortgages used to clear existing loans

Clearing existing mortgages is the most common reason for applying for a lifetime mortgage, research from Stonehaven has found.

Hodge’ Retirement Mortgage available on Assureweb

Hodge Lifetime’s Retirement Mortgage will now be available on the Assureweb equity release sourcing system.

Bridgewater to give Masterclass presentations

Bridgewater Equity Release’s upcoming London Masterclass is set to focus on long-term care, MMR and creating opportunities.

Stonehaven links up with Later Life Academy

Stonehaven is the latest ambassador of the Later Life Academy, the recently launched commercial and training organisation for later life advisers.

Just Retirement reduce minimum fund size

Just Retirement has reduced its minimum fund size to £2,000 from £5,000 to enable a larger number of pension savers to gain access to its underwritten rates, potentially generating extra income over the course of retirement.

Equilaw join the Academy

Equity release legal specialists Equilaw are joining the Later Life Academy as a Product Ambassadors, where they will focus on the legal process of equity release conveyancing.

Lifetime mortgage perception improving

Some 77% of advisers believe that public perception of lifetime mortgages has improved significantly over the last five years, a new survey by Stonehaven has revealed.

Stonehaven cut rates

Lifetime mortgage specialist Stonehaven has cut the rates on its lifetime mortgage range.