Equity release

Europe's equity release market could potentially release over €20 billion a year as long as current Solvency II requirements don't stifle product supply according to a report.

The Equity Release Council is to brief policymakers on improving access to financial advice for older people at the House of Commons today.

Chris Prior discusses the importance of developing professional connections in the equity release market

Equity Release Council chairman Nigel Waterson has urged government to address a ‘knowledge and policy' vacuum and take control of equity release.

There has been a 23% increase in the number of UK adults who would consider equity release yet understanding of specialist advice remains low, finds research.

Sales of equity release products have remained virtually flat in the past year, according to data from Key Retirement Solutions.

Almost two-thirds (65%) of UK adults are ‘unaware, unwilling or unable' to address the financial challenges of retirement, according to research.

The over-55s are most at risk from the interest-only mortgage time-bomb, according to equity release specialists.

Key Retirement Solutions is launching the first nationwide service to handle the house buying and selling process for the over-55s.

Britons should be offered taxpayer-funded "financial MOTs" when they reach 50 to make sure they are prepared for retirement, a think tank has said.