Equity Release Schemes

Below is a selection of our most recent updates on this subject.

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High Value Homes

Reports of increases in high value home equity release activity
Tuesday, November 18, 2008

Call For Equity Release Helpline

A think-tank has called for the government to set up an equity release helpline.
Friday, June 16, 2006

Equity Release Market Sees Moderate Growth, According To Recent Council Of Mortgage Lenders Statistics

The rate at which retired homeowners released equity previously locked in the value of their home slowed in the second quarter. This is believed to be due to the stagnant housing market.
Thursday, August 18, 2005

Equity Release Set To Play A Bigger Role In The Pensions Mix

Households owned residential buildings worth £3,221bn last year, up £352bn - an increase of 12% over 2003. This is equivalent to 59% of the nation's wealth. The Pensions Commission's Adair Turner speaking on the pensions mix said that although housing wealth would not provide a 'complete answer to pension adequacy for all, these considerations are clearly extremely important in the UK'.
Friday, August 12, 2005

Downsizing - The Cost Of Moving Reduces The Benefit

The cost of moving reduces the benefit of downsizing.
Monday, August 01, 2005

FSA Warns Advisers That Unsuitable Equity Release Advice Has Got To Stop Following Mystery Shopping Exercise

The FSA had identified lifetime mortgages as a priority ahead of becoming responsible for mortgage regulation on 31 October 2004, and carried out an exercise involving 42 mystery shops - including product providers, Independent Financial Advisers and mortgage brokers - to assess advice standards within the lifetime mortgage market. A second piece of work, involving visits to firms and desk-based research, looked closely at subsequent investment advice provided to customers of seven firms that are active in this market; the results were not encouraging.
Wednesday, May 25, 2005

Equity Release Regulation

The Government has announced in the Queen's Speech its intention to regulate home reversion plans.
Wednesday, May 18, 2005

Home Reversion Plans To Be Regulated By FSA

The Government will introduce legislation to regulate home reversion plans which will bring them into line with lifetime mortgages, an alternative method of releasing equity from homes.
Tuesday, May 18, 2004

Treasury Publishes Home Reversion Plans Paper

Consultation begins on whether home reversion plans should be regulated by the FSA.
Wednesday, November 12, 2003

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