The Equity Release Solicitors Alliance has joined the Equity Release Council.
ERSA consists of seven members which are all equity release specialists. It includes Equilaw, Ashfords LLP, Gordon Brown Associates, Goldsmith Williams, Birchall Blackburn, Blacks Solicitors LLP and Caesar & Howie.
In May, equity release provider trade body Safe Home Income Plans rebranded as the ERC and announced it would widen its remit to represent all parties across the equity release sector, including advisers, providers, solicitors and surveyors.
ERSA chairman and Equilaw managing partner Claire Baker and Ashfords Solicitors partner Peter Barton have joined an ERC working group to set up anti-fraud measures in the industry.
Barker says: “We are excited to be part of the expansion of the trade body and are looking forward to working with the Equity Release Council to expand awareness of equity release and to promote the highest possible standards and client care.
“There are relatively few solicitors within England and Wales with the necessary knowledge and practical expertise to deal with equity release in a truly impartial and authoritative way. ERSA remains committed to providing and promoting specialist legal advice, and to helping grow the equity release market.”