Recent figures from the Equity Release Council show that a total of £3.92 billion of housing equity was withdrawn by older homeowners in 2019. What is the most popular plan? The most popular product amongst older homeowners continues to be a drawdown mortgage. 64% of new customers opted for a drawdown product against taking a lump [...]
Recent figures produced by the Equity Release Council shows that consumers are taking advantage of record-low rates. First of all, consumer demand continued to grow as older homeowners recognised the crucial role that property wealth can play in supporting their retirement alongside pensions, savings and other assets. 2019 saw the total number of customers served reach [...]
By Darren Amos, Independent Financial Adviser and Equity Release expert. We’ve all heard horror stories about Equity Release and how people have lost everything, but are they true? To be brutally honest, the answer is probably yes…. or at least it used to be. Like most things in life, most schemes were perfectly suited to clients [...]
