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Local governments are trying to replace public transit under the guise of "microtransit."

Key Equity Release is rebranding to Key Later Life Finance in a bid to highlight the range of products for the over-55s the advice firm offers. Key, which offers advice on equity release, retirement interest-only (Rio) and later life mortgages says it conducted "extensive research with both advisers and customers"

The Equity Release Council (ERC) has introduced a product safeguard that means new customers can mitigate the costs of borrowing in later life. From the end of March, customers taking out lifetime mortgages that meet the ERC’s standards will be able to make penalty-free partial repayments of their loans. Alongside

A total of £4.4bn – or £12m per day – was borrowed through an equity release product in 2021, a new market report from Key details. The data shows that the number of plans arranged during the year rose by 4% to 41,991, while the total value released increased by 28%. The average amount taken out increased rapidly

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