View more on these topics

JEREZ 2006: Toxic equity release market puts brokers off

Concerns are mounting that brokers are shying away from offering equity release products due to their perceived perception from both the public and the regulator.

Delegates at this mornings opening session on new business opportunities said that they had steared clear of the market due to the associated risks.

The Financial Services Authority has previously called the market toxic and historic problems in the sector have all added to brokers woes.

Chris Cummings, director general of the Association of Mortgage Intermediaries and AIFA, says: “In conversations with the FSA it has told me that brokers that do too much equity release is high risk, but also brokers that do too little is high risk. That forces us to ask how many cases brokers should be doing a week!”


Worry over lack of fresh blood entering industry

Concern is being ex-pressed about the lack of investment being made to attract new advisers to the industry. David Mead, director at, says since regulation most recruitment adverts seem to be asking for people who are CeMap qualified and have at least two years’ experience, which means there is no fresh blood coming into […]

HMO-friendly criteria from CHL

CHL Mortgages has unveiled new lending criteria for houses of multiple occupancy. The buy-to-let specialist now has what it believes to be the most HMO-friendly lending rules of any UK lender.

Delivering value

Packagers have emerged from regulation stronger than before and can continue to add value in the mortgage chain, says David Copland

CETA embraces equity release

CETA has added equity release to the range of financial services available through its Premium Portal after agreeing a partnership with the Equity Release Advisory Service.

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


News and expert analysis straight to your inbox

Sign up