Advisers concerned on equity release reputation

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The negative reputation of equity release remains the top concern for advisers recommending the products, according to the Hodge Lifetime IFA Confidence Report.

The survey from the equity release provider reveals 28% of IFAs cited this as their main concern while 23% expressed worry about the potential for equity release to be confused with sale and rent back schemes. The effect of equity release upon state benefit entitlement remains the most important area of advice (33%).  Charges (27%) and guaranteed drawdown facility (18%) ranked as the second and third most important areas. The survey also shows confidence in equity release has remained high over the past 12 months.  Three quarters of IFAs feel consumer interest in equity release has ei...

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