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Home & Capital reports 43% increase in equity release business

Home & Capital’s parent company Sovereign Reversions has revealed strong growth for both its equity release advisory and provider businesses at today’s annual general meeting.

The firm says the value of equity release plans arranged by H&C Advisers in the four months to August 2008 year-on-year and that its business pipeline shows a rate of growth that is accelerating.

The value of home reversion plans written by H&C has increased by 20%.

Paul Spencer, chairman of Sovereign Reversions, says: “H&C’s equity release services are performing ahead of expectations and we believe our business model is resilient against the harsh economic background.

“There will be an increasing need for H&C’s equity release broker services as a growing number of retired homeowners seek to improve their financial position.”


Nationwide to merge with Derbyshire and Cheshire

Nationwide has confirmed that it has agreed to merge with two of its smaller rivals, the Derbyshire and the Cheshire.The smaller mutuals will transfer into the Nationwide Group under two separate transactions.The Derbyshire and the Cheshire have a combined total of 925,000 members, and will add to the nation’s largest building society to form assets […]

Solicitor on CAL panel

Salans’ Thetford office has joined Conveyancing Alliance’s solicitor panel, offering brokers conveyancing and volume legal processing services.

A boost for social housing

The Home Builders Federation says it supports the rescue plan as a tool for advancing investment in social housing but action is still needed to address funding constraints.


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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