Equity release

At retirement specialist Just Retirement has reported record group sales for the first quarter of 2012-2013 of £455.5m, an increase of 36.6% on last year.

IT'S YOUR TIME

Stephen Lowe discusses the findings of recent research into equity release

More 2 Life has launched the first equity release product to address the "mortgage time bomb" of people paying interest-only loans into retirement.

The Equity Release Council reports an 11% increase in equity release borrowing in Q3 2012.

The Equity Release Council (ERC) has appointed six senior politicians to its new Advisory Board as part of an on-going development programme.

Lifetime mortgage rates have fallen significantly over the past five years and present an opportunity for existing customers to switch to lower interest rates, research finds.

Homeowners who plough cash into their property for retirement and dismiss other saving options are taking a risk, warns an equity release adviser.

Almost two million people plan to use their property to bolster their retirement income, research shows.

Advising on equity release and long-term care can be difficult because the client's family is often heavily involved. Fiona Murphy finds out how advisers deal with elderly clients and interested parties