Equity release

The FSA should force lenders to issue warning letters to customers with interest-only mortgages, an equity release lender has urged.

Fiona Murphy shares views from a debate on how equity release could alleviate pensioner poverty and boost the economy

LV= is reducing rates on its lump sum lifetime mortgage until Friday 12 April 2013.

Interest-only borrowers and elderly homeowners needing long-term care will drive growth in the equity release market, the Equity Release Council chairman has said.

Age Partnership, a retirement services adviser, has raised concern for equity release customers over the marketing of Property Protection Trusts.

Government must work with financial services to ensure housing equity can be released "without excessive charges or risk" and improve consumer confidence, a House of Lords committee has urged.

Network Intrinsic has questioned whether the stigma surrounding with-profits funds may be forcing clients into unsuitable products when they come to fund their retirement.

LV= is launching a three-step training programme for IFAs who are considering advising on equity release.

The Equity Release Council has revealed it will not replace outgoing director-general Andrea Rozario.

Over a fifth of retirees are taking out equity release loans to clear outstanding mortgages, according to research by Key Retirement Solutions.