Equity Release News Roundup - July 2009
A summary of the top equity release news stories we have covered in July 2009.
New Exclusive Lifetime Mortgage Plan from Prudential
Age Partnership have secured a brand new exclusive lifetime mortgage plan from Prudential.
Read the full story - New Exclusive Lifetime Mortgage Plan from Prudential
SHIP launch equity release discussion paper
Equity release trade body SHIP (Safe Home Income Plans), launched a discussion paper on 27th July called ‘Facing the future, redefining equity release’, which looks at the changing needs of equity release customers.
Read the full story - SHIP launch equity release discussion paper
Equity Release Breakfast Forum Announced
Bridgewater Equity Release have announce ‘Equity Release Broker Breakfast Forum’ to take place in Southampton on 8th September.
Read the full story - Equity Release Breakfast Forum Announced
SHIP Announce Drawdown Lifetime Mortgages 14% Sales Increase
Safe Home Income Plans (SHIP) report a 14% increase in the sale of drawdown lifetime mortgage plans.
Read the full story - SHIP Announce Drawdown Lifetime Mortgages 14% Sales Increase
Equity Release alliance for brokers launched
July 2009 saw the launch of the Independent Equity Release Adviser Alliance (IERAA) to promote specialist advice in the sector.
Read the full story - Equity Release alliance for brokers launched
Default 65 pension age to be reviewed by Government
The UK government is to review the default retirement age of 65.
Read the full story - Default 65 pension age to be reviewed by Government
FSA Regulation Sees Sale-and-Rent Back Rogues Facing Fines & Even Jail
FSA introduces the first stage of its interim regulation governing the Sale-and-Rent Back (SRB) sector. Organisations which have not received permission to operate in this sector face jail and a significant fine.
Read the full story - FSA Regulation Sees Sale-and-Rent Back Rogues Facing Fines & Even Jail
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Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks ask for a personalised illustration.
Age Partnership provides initial advice at no cost and without obligation. Only if you choose to proceed and your equity release case completes would a typical fee of 1.5% of the amount released or £795 be payable.
Important things to consider about equity release:
- Equity release could affect your current or future entitlement to means-tested benefits
- Releasing equity to spend in your lifetime can reduce the amount that is left in your estate when you pass away
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