Category: Equity release
This year, the number of options has risen from 161 to 314.
Air Group said the partnership will also make it easier for advisers to refer cases to specialists.
Around four in 10 people living in the capital have used their property to generate income.
The new equity release qualifications will take effect in January.
In 2050 there will be an estimated 17.7 million people aged 65 and over.
A quarter of over-55s surveyed claimed that the increasing cost of living means it is likely that their households will be living beyond their means this year.
StepChange Financial Solutions advises on equity release, retirement and residential mortgages.
As of 1 July only 548 RIOs had been sold in 2019.
Key has said that awareness of equity release to help transfer wealth down generations needs to increase.
more2life said advisers should take a holistic view of these borrowers’ finances.