DECEMBER 2019
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Latest - MORTGAGES

  • 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...

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  • 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...

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  • 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...

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  • £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...

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  • 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...

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  • 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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  • More over 55s using pensions and savings to help family onto property ladder

    14 October 2019

    Advisers are seeing growing numbers of over-55s looking to help children and grandchildren on to the property ladder, according to proprietary research from Key. The equity release adviser says the research shows retired homeowners are increasingly considering cashing in buy-to-lets, acting as guarantors as well as taking out new mortgages to help younger generations buy...

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  • News in brief: Orbis/Standard Life, Key Partnerships, Nomura

    10 October 2019

    Orbis funds added to the Standard Life platform The Orbis OEIC Global Equity fund and the Orbis OEIC Global Balanced fund have now been added to the Standard Life Wrap platform. Orbis said its growing presence on distribution platforms highlighted its long-term commitment to serving UK retail and intermediary clients. Dan Brocklebank, head of...

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