SWB publishes brokers’ equity release guide

Scottish Widows Bank has published a guide for brokers looking to get into the equity release market.

Your clients demand more from life – A 2005 guide to the UK Equity Release Market explores the history of this controversial product and outlines factors driving the market, such as only one in five people expecting to have enough money in retirement.

Murdo McHardy, head of product development and marketing at Scottish Widows Bank, says:”Lifetime mortgages can help transform the lives of those who have benefited from house price inflation but have low incomes in retirement.They are also a valuable tool for the growing number of people caught in the Inheritance Tax trap.”

Ray Boulger, senior technical manager at John Charcol, says in his foreword to the report: “The need for greater understanding of the benefits and risks of equity release, and the increasingly wide choice of products, has never been greater.”