Category: Equity release
Mortgage searches hit 1.2 million in June, compared to 683,078 in May.
The integration is part of an ongoing project that will help streamline the product application process.
The updated checklist was issued to adviser members following a review by the council’s standards board, informed by conversations with major stakeholders over several months.
This follows the easing of some lockdown restrictions in Scotland and Wales.
ERS data reveals changes to the methods of accessing advice, the demographics of customers, and the usage of funds.
When asked key questions about equity release, 89% of over-55s got at least one question wrong.
South (pictured) is well-known in the equity release space having served clients in the area for the past 15 years.
Customers will now be able to choose their solicitor from a much wider panel, with the initial 91 law firms providing access to 243 offices across England, Wales and Scotland.
The correct advice will take into account the long-term commitment being made, and the fact that each customer’s circumstances differ.
The FCA has voiced concerns that advice given to take out equity release products could not always be shown to be in the best interests of all consumers given their personal circumstances.