Equity Release Council unveils Funders Forum
By Gary Adams 10
th March 2021 9:26 am
The Equity Release Council has announced formation of the Funders Forum, a committee made up of later life lending experts.
The committee’s job will be to guide the ERC through regulatory changes and consultations as well as supporting market growth and retaining consumer safeguarding standards.
It says that all ERC council members are eligible to join the forum.
The forum “Will provide later life funders with a setting for healthy discussion and debate to anticipate and address market developments,” says forum chair and head of Phoenix Equity Release Scott Robertson.
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Leaseholders of flats are understandably concerned that their homes may now be less attractive to buyers and to lenders for mortgages, secured loans and equity release.
Following a year of unprecedented financial challenges, more than a third of people aged 65 and over are worried they will not be able to maintain living standards in retirement.
What’s the best sign of a buoyant market? It can’t always come down to the bottom line and cold, hard turnover and takings. For me, one of the best indications is nothing to do with the figures but something a little more nuanced. Namely, how many eyeballs and how much scrutiny are on everything you do. Or, to put it