Getting the Right Equity Release Advice This Month
In what was quite a quiet month in the equity release market, a handful of positive endorsements caused the biggest commotion; notably David Blunkett’s approval of equity release schemes.
Aside from this, the theme of the month was advice - and getting the right kind of equity release advice.
Positive Equity Release Endorsements
In-keeping with the trend of recent months, further house price rises ushered in February; although the percentage increase was minimal. The Nationwide and Halifax recorded a 0.6% increase for the month of January making the average UK house valued at £169,777. However, the minimal nature of the increase supported predictions of the market levelling-out.
Following this news was The Conservatives’ announcement that they would be incorporating equity release into an investigation about funding for care. It was a timely decision following David Blunkett’s ringing endorsement of equity release, in which he stated “it obviously has a future in helping to deal with the most enormous challenges facing us as we age.”
Important Equity Release Advice
Following this positive news came some timely information, firstly in the shape of the benefits of over-the-phone equity release advice.
Flexibility and freedom to choose were cited as two of the key factors and both featured in five reasons why equity release has a bright future as discussed at the fifth annual members’ survey. The mood was very much one of optimism with predictions about more equity products becoming available and a greater awareness from the Government likely to help the market in the future.
With such optimism circulating in the market, and inspired by Safe Home Income Plans (SHIP) praised code of conduct, a list of questions to ask an equity release advisor was timely.
Don’t forget to check out our monthly equity release video too with up-to-date news and exclusive deals.
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