Wednesday 19 June 2013 | RSS Feed

Equity Release News

KRS sells majority stake to Phoenix Equity

Key Retirement Solutions has sold a majority stake of the KRS Group of companies to Phoenix Equity Partners.

LV= cuts rates on Lifetime Mortgage

LV= has cut the rates on its Lifetime Mortgage lump sum product by 20 basis points

Just Retirement calls for Solvency II rethink

Just Retirement has backed Towers Watson’s calls for equity release to be a ‘permitted Asset class under Solvency II.

EPPARG pushes for EU equity release growth

The European Pensions and Property Asset Release Group is today leading a discussion in Brussels amongst key EU institutional stakeholders, industry representatives, academics and representatives of the charity sector on ways to explore...

Sales aid tackles divorce issue

With the UK averaging well over 100,000 divorces every year Bridgewater’s latest ‘Just a thought...’ sales aid tackles the issue of ‘Divorce Rescue’ and how equity release could play a part in keeping a family in a home.

Equity release rates could drop below 5pc

Equity release rates could plummet to sub 5% by the end of the year as the cost of funding continues to drive pricing down, writes Ryan Fowler.

Service a priority for annuity advisers

The quality of service provided is second only to rates in terms of what advisers look for when choosing an annuity provider, research from iPipeline and Canada Life has revealed.

more 2 life maintains pressure on rates

Equity release lender more 2 life is maintaining the pressure on rates with a further rate cut to 5.5% on its Protected Equity Plan enabling customers to safeguard part of their equity for inheritances.

Equity release misconceptions remain

Customers still have significant misconceptions about equity release, research from Bridgewater Equity Release has revealed.

Equity Release Council calls for awareness plan

Nigel Waterson today called for action to overcome the knowledge and policy vacuum which surrounds equity release in his speech at the Retirement Income Solutions Forum in London, writes Samantha Cordon.

Fears over LA advice on equity release

Nigel Waterson, chairman of the Equity Release Council, has raised concerns that local authorities will find themselves in the role of advisers when the proposals within the government’s care bill are put into practice, writes...

Confidence in equity release up 23pc

The number of UK adults who would consider equity release has risen by 23% over the past year, research from the Equity Release Solicitors Alliance has found.

Bridgewater to hold roundtable

Bridgewater Equity Release will be holding a roundtable workshop event next month designed to support specialist equity release advisers.

More 2 life cuts rates

more 2 life has reduced the rates on its enhanced equity release plan to 6.6% - the second cut in just over a month.

Pensioner equity release grows by 15pc

Pensioner households have seen investment and savings income slashed by a third since the onset of the financial crisis but more are taking advantage of equity release, research from Key Retirement Solutions has revealed.

Queen’s Speech confirms equity release benefits

The Equity Release Council has welcomed the government’s approach to the elderly and their homes in today’s Queen’s Speech, saying equity release could be the answer.

Two thirds struggle to save for retirement

Almost two-thirds of UK adults are unaware, unwilling or unable to address the financial challenges facing them in retirement, according to research by The Equity Release Council.

Lump sum lifetime surge boosts equity release

Rising sales of equity release lifetime mortgage plans have increased the average amount released by a record 27% in the first three months of the year, analysis from Key Retirement Solutions’ Market Monitor shows.

Advisers increasingly turning to equity release

Advisers are increasingly turning to the equity release sector as a solution for older clients needs, research from Paradigm Mortgage Services has found.

IOM time bomb will lead equity release surge

The interest only time bomb could lead to a “huge” surge in equity release.

Adviser expect significant equity release growth

The majority of advisers (95%) consider equity release to be a significant future growth area for their business, research from LV= has found.

Just Retirement adds equity release to service

Just Retirement has added equity release to its free-to-use suitability report service on justadviser.com.

Property now main source of care funding

Property has overtaken the State, pensions and savings to become the most likely means of funding long-term residential care, the Care Index from Partnership has revealed.

House prices rise twice as fast as retirees income

House prices have grown twice as fast as the average pensioners income over the last 15 years, the Equity Release Council said today.

Bridgewater launches care aid for advisers

Bridgewater Equity Release has launched its latest ‘Just a thought...’ aid for advisers.

Just Retirement reports 6pc rise in equity release

Equity release mortgage provider Just Retirement has announced a 44% increase in group sales to £946.6m over the six months ended 31 December 2012.

more 2 life reduces enhanced rates

more 2 life is reducing the rates on its enhanced equity release plan from 6.88% to 6.78%.

Pink enhances equity release support

Pink has enhanced its support programme for equity release authorised AR’s as part of its focus on expert training and development.

Pensioners risk thousands by delaying annuity

Pensioners delaying buying an annuity risk losing thousands of pounds in income and could be waiting decades to make the money back, research by Key Retirement Solutions has shown.

More than 1.3m over-55s still pay mortgage

More than 1.3 million over-55s households are still paying mortgages with 289,000 over-65s owing money on their home loan, research by equity release lender More 2 Life reveals.

Martin Wilson joins The Right Equity Release

Martin Wilson has joined The Right Equity Release as executive director and shareholder in the company.

LV= offers discount on lifetime mortgage

LV= is reducing rates on its lump sum lifetime mortgage until Friday 12 April 2013.

Age Partnership welcomes ‘Ready for Ageing?’ report

Age partnership has welcomed the findings and recommendations made in yesterday’s House of Lords ‘Ready for Ageing?’ report.

Equity Release Council membership passes 250

Membership of The Equity Release Council has passed the 250 mark less than twelve months since the trade body first opened its doors to participants from across the UK’s equity release industry.

Equity release Council members predict 2013 growth

The equity release market is set for a year of growth fuelled by product innovation and increasing consumer awareness, the latest membership survey from The Equity Release Council predicts.

Over-65s average £43,000 interest-ony mortgage

Over-65s are paying off average interest-only mortgages of £43,000 outlining the scale of the interest-only time-bomb and the need for solutions, analysis of customer data by equity release lender More 2 Life showed.

Pensioners in poverty sit on billions of equity

Pensioner poverty could be eased if Britain’s elderly released equity in their homes, revealed findings from research carried out by Oxford Economics.

Bridgewater and Just Retirement launch workshops

Bridgewater Equity Release and Just Retirement have joined together to offer a series of interactive equity release workshops.

Stonehaven launches new website

Stonehaven has launched an enhanced website which includes extra features including an ‘adviser tool box’ designed to aid financial advisers and help increase their sales.

Just Retirement has record breaking Q2

Just Retirement has announced a 52% increase in its quarter 2 group sales which totalled a record breaking £491m.

LV= launches equity release training

LV= is launching a three-step training programme for advisers considering entering the equity release market.

Equity Release Council welcomes social care cap

The Equity Release Council has welcomed the government’s decision to introduce a £75,000 cap for the long-term social care of elderly people in England.

Scotland sees 39pc rise in equity release lending

Scotland has seen the largest increase in total lending throughout the entire UK equity release market, analysis from Key Retirement Solutions has shown.

Equity release records second growth year

Equity release market expansion continued for the second year with a rise in the average amount released by 15% to £961.41m from £832m in 2012, analysis from Key Retirement Solutions showed.

More 2 Life cuts fees on Interest Choice Plan

More 2 Life has cut application fees by up to 48% after receiving “strong early demand” for its Interest Choice Plan which was launched three months ago.

Thousands utilising equity tied up in their home

Over 10,000 people released equity that was tied up in their homes in 2012, the strongest market performance since 2009, highlighting the growth of popularity of equity release as a means of providing additional income for the over 55’s.

Andrea Rozario to leave Equity Release Council

Andrea Rozario, director general of The Equity Release Council, has chosen to step down from her post at the end of February to pursue new challenges.

More 2 Life quadruples market share

Equity release lender More 2 Life has seen its market share of lump sum business through advisers increase fourfold in two years as it took 16.8% of business in the three months to December 31st.

Equity release market records strong performance

The equity release market has enjoyed its most successful year for three years in terms of both volume and value of sales, according to year-end figures for 2012 from the Equity Release Council.

Bridgewater announces first masterclass of 2013

Bridgewater Equity Release, the home reversion specialists, has announced details of its first equity release advice masterclass for 2013 in Bury, Greater Manchester.

Simon Chalk joins Age Partnership

Simon Chalk has joined Age Partnership in a role specially created to accommodate Chalk’s face-to-face advisory proposition.

Older homeowners bringing inheritance forward

Shifting attitudes among older homeowners towards the inheritance they leave their families has been reflected by the latest introducer guide published by Bridgewater Equity Release.