Canada Life has found that in the first half of 2022 19.6% of equity release plans taken out were for day-to- day living costs, up from 18.2 per cent in 2019 before the pandemic.
Advisers face challenges in identifying vulnerability. One is that clients may not realise their circumstances are a source of vulnerability and, even if they do, they may not volunteer that information.
The equity release market is nearing £6bn of new lending this year after a record first half which saw the average customer release just over £100,000 in property wealth, new data from Key Later Life Finance shows. The data found that plan sales grew by 24.5% in the first six months of the year to 25,448 compared
For several decades, The Lang Cat says the equity release industry has faced challenges in shedding the negative perception it has been given by some people. In a new report published alongside Royal London and Responsible Life, The Lang Cat calls on the whole industry, the government, the Financial Conduct Authority
Older homeowners released an average of £111,500 in property wealth in the first three months of the year, according to data from the Key Later Life Finance. The data showed that plan sales surged by 21.4% in Q1 2022 to 12,551 compared with last year while the value of new equity released soared by 30.5% to £1.399bn,