Equity release hit new high in 2021 as over-55s battled cost of living crisis
A total of £4.8bn was borrowed in equity release mortgages in 2021, an increase of 24% compared to 2020.
Source: dailymail.co.uk
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Standard Life Home Finance joins ERC - Mortgage Introducer
Standard Life Home Finance has joined the Equity Release Council (ERC) following the recent launch of its range of lifetime mortgage products.
Source: mortgageintroducer.com
Scottish Widows: The rise of equity release | Mortgage Strategy
Ian Wilson, head of Halifax Intermediaries and Scottish Widows Bank The equity release market for some intermediaries is still a largely untapped layer of the mortgage market. Estimated by the Equity Release Council (ERC) to be valued at around £4bn a year1, we anticipate the sector will continue to grow in both
Source: mortgagestrategy.co.uk
Flourishing sector needs expertise and care | Mortgage Strategy
Mortgage brokers are being encouraged to improve their knowledge of the equity release market — even if they do not plan to advise on the products themselves. Experts in the field say all advisers should have a general understanding of later-life lending options in order to identify clients who might be better suited
Source: mortgagestrategy.co.uk
Lock in a cheap equity release now deal before low rates disappear
After years of falling prices, equity release interest rates are creeping up ahead of an expected increase to the Bank of England's base rate.
Source: dailymail.co.uk