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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.


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.


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.


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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