Nine in ten advisers say equity release is relevant to their client bank, according to a new research released today.
The Financial Services Authority (FSA) has published final rules on mortgage selling, convinced they will "put common sense at the heart of the market" and prevent borrowers taking out unaffordable deals.
The proportion of borrowers remortgaging increased to four in ten last month, which could signal the start of a rush as fixed rates continue to fall for home owners with a large deposit, said an adviser.
Aviva is set to expand its equity release pilot scheme, following a successful trial period earlier this year.
Safe Home Income Providers (SHIP) will relaunch as the Equity Release Council later this month.
Safe Home Income Plans (SHIP) has launched a group to consider the impact fraud has on equity release, and to offer further protection to consumers.
Safe Home Income Plans (SHIP), the trade body for equity release, has appointed Chris Pond as chair of the SHIP standards board.
The equity release lender is increasing maximum loan sizes by 11% and cutting rates by 0.2%, following a move to increased individual underwriting.