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.
A poll from the Equity Release Solicitors' Alliance (ERSA) found the percentage of those considering equity release has increased from 54% to 77% over the past year. Equally, the percentage of consumers with a negative view of equity release has fallen from 42% to 23% over the same period. When asked what would increase confidence in the sector, two-fifths (42%) of respondents would like to see a recognisable mark of excellence among equity release professionals. Other measures to increase confidence included government endorsement (28%) while a quarter (25%) advocated word of mout...
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