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  • Equity release lender completes c.£1bn in new loans

    13 January 2020

    Equity release lender more2life has reached £3 billion loans under management, after enjoying a record year in 2019. The lender completed almost £1 billion of new loans last year and launched a series of new equity release plans including its fifth product portfolio, Prime Choice, with its fifth funder. Dave Harris, CEO, more2life (pictured),...

  • How different age groups look on inheritance

    16 December 2019

    Different generations will use any inheritance they receive in a number of different ways but owning property is high on the priority list, according to research from Just Group. Nearly a third (30%) of 18 – 34 year olds plan to use any inheritance they receive to get on the property ladder, new research from...

  • Lack of understanding dogs equity release market

    9 December 2019

    A lack of understanding remains a major obstacle for the equity release market, as figures reveal the number of people unsure about what it entails has trebled.  The findings by Canada Life showed that 15% of UK homeowners said they wouldn’t use equity release to fund their retirement because they don’t understand it, a...

  • Drawdown most popular as equity release market enjoys good third quarter

    20 November 2019

    Equity drawdown was the most popular product as the equity release market enjoyed its best quarter this year for volume and value of new business, according to the latest figures released by Key.  Key’s Equity Release Market Monitor showed 11,772 plans worth £886.59 million were taken out during the third quarter, with an additional...

  • London Institute of Banking & Finance updates Equity Release qualification

    17 November 2019

    The London Institute of Banking & Finance has updated its Equity Release qualification to keep pace with a rapidly changing market. The group said it had made “fundamental changes” to the content, study text and course materials to reflect both industry priorities and consumer needs. Updates include doubling the number of topics covered from...

  • £1billion quarter recorded for equity release

    10 November 2019

    Nearly £1 billion was released through property wealth in the third quarter of 2019, up 8% on the previous quarter, according to new figures from the Equity Release Council. In the three months from July to September, £988 million of funding was provided to homeowners aged 55 and over, the equivalent of £11 million...

  • Key offers new WoM equity release proposition

    29 October 2019

    Equity release adviser Key has unveiled a new distribution strategy, with a refreshed whole of market advice offering and a new integrated service proposition.  Both services will be supported by a new digital advice delivery platform for advisers. The whole of market offering, branded The Equity Release Experts, is aimed at both its employed...

  • Comment: Property investment suffering from Brexit uncertainty but what next?

    15 October 2019

    Brexit is holding people back from property investment. Clarity is urgently needed, says Jerald Solis, director, Experience Invest. Like many of my colleagues in the property market, one cannot help but feel an underlying sense of frustration when looking at the government’s attempts to manage Brexit. Ongoing divisions between and within the major political...

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