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Category: Equity release

Contact State expands team

Alain Desmier, managing director of Contact State, said: “Tom and Matt are senior hires and have extensive financial services experience, we are thrilled they’ve chosen to join us ahead of what will be a very important year for our business.”

equity release property wealth

Having had a garden during lockdown was a factor in the choice to stay for more than half (53%), while 26% simply realised how much they love their home.

Research from more2life has found that 80% of equity release advisers are confident that the market will grow in 2022.

rental

This represents a 7% decrease in mortgage volumes compared with Q2 2021, but a 6% increase compared with volumes a year earlier.

oms infotrack

The dashboard uses insights collected from vulnerability assessments, carried out through Comentis’ Cognitive Assessment Engine (CAE).

later life

AMI said this should make it easier for consumers to find the most suitable later life lending products and advice, and to more clearly understand what their next steps are.

equity release property wealth

With 22% people using all or part of the equity released to support their families or friends over the past nine months, £605m has been recycled back into the economy.

The average home value for lifetime mortgage borrowers reached £539,844 in October, up £84,367 in 12 months. 

SJP, which has offered equity release for over 15 years, recently joined the Equity Release Council. 

housing

The total value of equity released rose by 18.8% from nearly £884m in the third quarter of 2020.