Page 19 - Simon Gray News Today

The equity release market saw a return to growth in 2021. Record amounts of property wealth were accessed by customers, according to industry body the Equity Release Council, which says the market rose by 24.8% last year, to a total of £4.8 billion.

The Equity Release Council has revealed its Q4 and full-year lending figures for 2021 showing that activity in the market climbed 24% year-on-year to £4.8bn.

It’s been said that a family that gets money together, stays together.

More than seven in 10, 71%, of people discuss their equity release plans with their children, according to HUB Financial Solutions.

Most customers who want professional advice about equity release discuss it with their family, but just 7% go on to involve their children in meetings with financial advisers, says HUB Financial Solutions. The financial advisor says 71% of customers who came to the firm for advice said they had discussed the

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Scottish Widows has launched an 'Annuity Bureau', which the firm said will offer customers its own rates alongside the 'best rate' elsewhere in the market for comparison.

The equity release market is on track for a record year and it will only keep growing. That was the over-arching sentiment among industry figures Mortgage Strategy spoke to, but some worry a shortage of later-life lending expertise among brokers could inhibit that growth. It may make it harder for consumers to obtain

The number of homeowners aged over 50 unlocking equity from their property to pay for home renovations almost doubled in the three months leading up to September compared to the previous three months

'East Anglia has the opportunity to be a global exemplar with just under half of the UK’s installed offshore wind capacity coming from our region already'