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Equity release thriving in crunch

The housing market is slowing and new mortgage volumes are falling – it’s a story we are familiar with, but the equity release market is thriving. Safe Home Income Plan’s Q2 figures, which came out this week, demonstrate how equity release is resisting the credit crunch with a 14% increase in business – an encouraging scenario considering the current economic climate.

Equity release has continued to prosper over recent months and is now helping more and more people who are asset rich but cash-poor. The high standard of regulation and the role of SHIP mean equity release provides consumers with a reliable and secure way to make use of some of the equity locked within their property in order to supplement retirement income.

Equity release is a growing market, products are becoming more flexible and for these reasons it can be a great option for brokers looking to diversify their business.


Short notice changes drive me mad

You may recall that my family is addicted to roller coaster rides. I’d never describe myself as an adrenaline junkie so I’m usually the one looking after the bags. Yet the mortgage industry can be something of a roller coaster – you swing from high to low on a regular basis.

Birkett and Sample to join PTFS

Prestbury Financial has signed a deal that will see the transfer of all of its appointed representatives to rival network Personal Touch Financial Services.Lee Birkett, chief executive of Prestbury, and Kevin Sample, sales director, will oversee the transfer as part of their freshly minted roles within a PTFS-Prestbury National Sales Centre. It is expected that […]

FISA tightens panel rules

The Finance Industry Standards Association, the secured loan industry’s self-regulatory and compliance body, has altered its application requirements for firms wishing to join its surveyors’ panel, FISAVal. The list of requirements for its panel of valuers now includes the need to have written Quality Assurance policies that cover head office and administrative procedures.

Lehmans can’t escape event horizon

The pace and breathtaking enormity of the recent failures brought about by the seemingly insatiable appetite of the credit crunch can be likened to an event horizon.


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