Equity Release News
Key Retirement Solutions has sold a majority stake of the KRS Group of companies to Phoenix Equity Partners.
LV= has cut the rates on its Lifetime Mortgage lump sum product by 20 basis points
Just Retirement has backed Towers Watson’s calls for equity release to be a ‘permitted Asset class under Solvency II.
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...
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 plummet to sub 5% by the end of the year as the cost of funding continues to drive pricing down,
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.
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.
Customers still have significant misconceptions about equity release, research from Bridgewater Equity Release has revealed.
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,
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,
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 Equity Release will be holding a roundtable workshop event next month designed to support specialist equity release advisers.
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 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.
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.
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.
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 are increasingly turning to the equity release sector as a solution for older clients needs, research from Paradigm Mortgage Services has found.
The interest only time bomb could lead to a “huge” surge in equity release.
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 has added equity release to its free-to-use suitability report service on justadviser.com.
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 have grown twice as fast as the average pensioners income over the last 15 years, the Equity Release Council said today.
Bridgewater Equity Release has launched its latest ‘Just a thought...’ aid for advisers.
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 is reducing the rates on its enhanced equity release plan from 6.88% to 6.78%.
Pink has enhanced its support programme for equity release authorised AR’s as part of its focus on expert training and development.
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 1.3 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 has joined The Right Equity Release as executive director and shareholder in the company.
LV= is reducing rates on its lump sum lifetime mortgage until Friday 12 April 2013.
Age partnership has welcomed the findings and recommendations made in yesterday’s House of Lords ‘Ready for Ageing?’ report.
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.
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 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.
Pensioner poverty could be eased if Britain’s elderly released equity in their homes, revealed findings from research carried out by Oxford Economics.
Bridgewater Equity Release and Just Retirement have joined together to offer a series of interactive equity release workshops.
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 announced a 52% increase in its quarter 2 group sales which totalled a record breaking £491m.
LV= is launching a three-step training programme for advisers considering entering the equity release market.
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 has seen the largest increase in total lending throughout the entire UK equity release market, analysis from Key Retirement Solutions has shown.
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 has cut application fees by up to 48% after receiving “strong early demand” for its Interest Choice Plan which was launched three months ago.
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, director general of The Equity Release Council, has chosen to step down from her post at the end of February to pursue new challenges.
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.
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 Equity Release, the home reversion specialists, has announced details of its first equity release advice masterclass for 2013 in Bury, Greater Manchester.
Simon Chalk has joined Age Partnership in a role specially created to accommodate Chalk’s face-to-face advisory proposition.
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.