Nigel Hare Scott discusses how the equity release market is evolving in these turbulent times
So many of the things taken for granted have come unstuck over the past year. House prices are no longer a one way bet, investment bankers are no longer masters of the universe, trade and personal credit is no longer freely available - worst of all perhaps, retirement plans have unravelled tragically for those without the protection of a defined benefit pension scheme. The latest figures from Safe Home Income Plans (SHIP) would, at first glance, suggest that the equity release sector has similarly lost its way. The overall sum advanced during 2008 is the lowest it has been since 2002. Thi...
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