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The Equity Release Council has announced that chief operating officer Donna Francis will step down from the body after more than ten years “to pursue new opportunities”. Francis’ role at the body has been to oversee its governance and day-to-day running. She is also a council board member and has also been
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
Equity Release Council members will need to discuss income and spending with borrowers as part of the advice process under new consumer protections that come into force next month. The changes are part of the first set of updates to the Council’s standards which are designed to better safeguard borrowers. Further
Hymans Robertson has joined the Equity Release Council as a member. The financial services consultancy says its move to join the lifetime mortgage body “reflects the long-term prospects for growth and innovation in the market, which was among the fastest-growing in retail financial services in the decade leading up
Lifetime mortgage repayments surged to more than £21bn a quarter since the end of last year, data from the Equity Release Council shows, as borrowers reacted to higher interest rates. These regular and one-off capital repayments across this mortgage market jumped from £17bn before the pandemic, according to the