View more on these topics

Bridgewater sees bright future for equity release

Bridgewater Equity Release says the strength of the sector is likely to continue into Q3 2008.

The home reversion plan specialist says the recent increase in business volumes announced by Safe Home Income Plans for Q2 2008, Bridgewater says it is already seeing strong levels of business in Q3 2008.

Recent figures from SHIP showed that business volumes produced by SHIP members had increased by 14% over Q1 2008.

It says £275.7 million of equity was released by SHIP members with home reversions now accounting for 5% of all loans.

Alison Beeston, compliance and communications manager at Bridgewater, says:”As a SHIP member it is pleasing to see the growing volumes of equity release business and, if Bridgewater’s own volumes in Q3 2008 are anything to go by, this upward trend and continued strength should show up in the next set of quarterly data.

“Bridgewater’s products are only available through brokers, therefore it is welcome news to see the channel dominating equity release distribution. We continue to develop a range of sales and information aids for brokers and look forward to meeting a wide section of the broker community at the forthcoming Association of Mortgage Intermediaries road shows.”


BM to offer exclusive packager range

Nigel Payne, managing director of BM Solutions is set to reclaim his title as “friend to the packager,” by boosting proc fees and launching an exclusive product range for packagers. Some packagers feared morphing The Mortgage Business brand into the BM one would spell the end for packager friendly products. Products such as TMB’s House […]

Bear could have slain big three

According to an analysis by JP Morgan Chase, the Bear Stearns debacle earlier this year could have brought down Lehman Brothers, Merrill Lynch and Morgan Stanley.It says that each firm’s exposure meant that all three could have failed if Bear had not been rescued.

Government plans avoid the big issue

The government’s package of measures to boost the housing market is welcome but fails to address the central problem – lack of liquidity in the market, says Mark Harris

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


News and expert analysis straight to your inbox

Sign up