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Home reversion plans to become preferred option

Nationwide has predicted that the housing market will not recover until 2010.

Equity release brokers will need to ensure that their fact finding systems are sufficiently robust to cater for the new situation. In particular, a partial or full home reversion plan is likely to become the preferred option for those homeowners who have lost confidence in the residential property market, as the cost/benefit balance shifts away from lifetime mortgages.

Last year, the extension of regulation to home reversion plans led to a level playing field between equity release products from a regulatory perspective. An uncertain outlook for house prices should result in an equally level playing field in the actual selection between a home reversion plan and lifetime mortgage, which can only be good news for home reversion providers.


Securitisation is the key to recovery

The government is taking a battering from all sides of the mortgage market at the moment but I can’t say I’m surprised. While it could be argued that the temporary increase in the Stamp Duty threshold to £175,000 is a step in the right direction, I think it will do little to kick-start the market.

Retirement Plus revamps website

Retirement Plus has revamped its website to include additional equity release information, as well as an online calculator giving instant estimates of how much money clients could raise through equity release.

EXCLUSIVE: Financial customers lose faith in FSA

Only 17% of financial services consumers are confident that the Financial Services Authority is effectively regulating the industry, the latest poll from YouGov reveals.

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A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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