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Record numbers turn to equity release in Q1

Over 23,000 new and returning equity release customers cashed in on property wealth via equity release between January and March this year.

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Legal advice requirement returns for equity release

All clients considering taking out an equity release plan are now required to have at least one face-to-face meeting in person with a solicitor before going ahead.

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Equity release clients win right to make penalty-free repayments

From today equity release customers have the right to make voluntary, penalty-free partial loan repayments.

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Third of over-55s turning to equity release

Just under a third (30%) of over-55s with a defined contribution pension plan to release equity from their home to help fund retirement plans.

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