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Strangely quiet on equity release front

It’s two weeks into 2007 and we’ve seen no movers in the equity release market yet. This is unusual as January tends to herald some jockeying for position. The market still shows signs of reasonable stability, which makes research more consistent.

Permissions have been coming through for home reversion regulation. There are less than three months to go until home reversion regulation is established alongside that of lifetime mortgages. It will be interesting to see whether there will be repositioning on pricing from the core reversion providers as they seek to consolidate and expand their market positions.

In the light of last year’s base rate increases, the good thing for lifetime mortgages is that the market is maintaining its stability. Many rates are broadly in line with where they were some 12 months ago. This is great news for advisers and consumers, following another year of house price increases.

The present state of play in the market can be seen in the table below. Just Retirement and Standard Life still lead the way on single advance rates.

The cost of borrowing for single advances is tight, with scheme flexibility and criteria being the most important differentiating factors.


Government wheeze made me treat my client unfairly

From Andrew BrownlieI write to you having treated a customer unfairly as I see it – and this was down to the people who tell us we shouldn’t do that. I wrote two pension term assurance policies for a client to protect her mortgages and asked that the plans be put in place by December […]

GMAC hits back at its B2L critics

GMAC-RFC has defended its new buy-to-let product following criticism from lenders and brokers over its overhanging early repayment charges.

AMI guidance on equity release

The Association of Mortgage Intermediaries has published detailed guidance notes for brokers about advising on and arranging equity release deals.

ARLA and NAEA merge to become NFPP

The National Association of Estate Agents and the Association of Residential Letting Agents have merged to become the National Federation of Property Professionals.At simultaneous general meetings, both ARLA, and the NAEA, voted in favour of the amalgamation of the two professional bodiesThis development for the residential property industry has been structured to enable the general […]


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