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Equity Release Council launches legal guide and champions lawyers' safeguarding role with vulnerability insights report

Exclusive: Two-thirds of lifetime mortgage brokers charge more than £1,000 in fees

ERC launches legal guide and vulnerability insights report – Mortgage Strategy

The Equity Release Council (ERC) has launched a Legal Guide to Equity Release as well as a new report, Vulnerability Vigilance, exploring the most common customer vulnerabilities which legal advisers can encounter. The study took an in-depth look at a sample of more than 300 cases from last year where the customer

Equity Release Council brings out legal guide and vulnerability report

The Equity Release Council (ERC) has released a legal guide to equity release and a report, Vulnerability Vigilance.

3 in 5 homeowners look to property wealth to fund retirement dream – Mortgage Strategy

Three in five UK homeowners look to property wealth to prop up retirement dream

Number of equity release customers drops as borrowers wait for rates to fall

There were 4,698 new customers in the first three months of this year, which is 11% lower than the last quarter of 2023.

Later life lending falls 6% in Q1: Equity Release Council   – Mortgage Strategy

Later life lending fell 6% to £504m in the first three months of the year compared to the final quarter of 2023, “as the nation waits to see what happens next with interest rates and the health of the economy,” says the Equity Release Council.   The trade body adds that the sector attracted 4,698 new customers

Standard Life offers new discounted equity release option – Mortgage Strategy

Standard Life Home Finance is offering a new payment option on its ‘interest reward’ product, designed to widen the appeal of these equity release products.  Its Horizon Interest Reward product, launched in January, will now offer a 25% interest served option. This give customers who commit to paying 25% of the

Later life lending stands at a crossroads as 28% of advisers seek products which bridge mainstream and later life needs – Air