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More education on equity release needed
Six out of ten brokers believe activity in the equity release market will increase over the next six months, research from Bridgewater Equity Release has revealed.
Over half of all advisers would like to see “wider consumer education on the benefits of equity release”, the survey by the home reversion specialist found.
Surprisingly only one in three advisers were hoping to witness the opening up of the funding markets in order to allow new providers to enter the market and increase the business appetite of those already active in the sector.
Not so popular options to benefit the equity release sector included the introduction of ‘a Government-sponsored kitemark range of equity release products’ chosen by less than one in ten advisers and three out of one hundred for ‘an increase in specialist equity release adviser numbers’.
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