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Law firms to offer equity release advice under new brand


Several regional law firms have formed a partnership to offer specialist and equity release legal advice under the brand name ‘Equishield’.

The members of the new group – Martin Kaye, BPL, Cavendish Legal, Glanvilles, Gordon Brown and Shakespeare Martineau – are familiar to the mortgage broker market and members of the Equity Release Council.

All advice is given by one of the law firms, and not sub-contracted to agencies.

BPL managing director David Bridge says: “The UK Population is aging. For the first time in history the over 65’s outnumber the under 16’s.

“The recent Knight Frank Retirement Housing Report tells us that older people already account for nearly 30 per cent of housing. The lending market has been slow to catch up and with maximum age limits in place for most mortgages; equity release can be an attractive option for homeowners wishing to raise money from their homes. It is however a specialist area and clients need to receive independent legal advice as a result.”



AMI hits out at standalone equity release qualification

The Association of Mortgage Intermediaries has criticised the idea of a standalone equity release qualification, warning that it would cause consumer harm. Earlier today the Society of Mortgage Professionals and Personal Finance Society said 61 per cent of its members backed the idea of a standalone qualification to enable pensions and investment advisers to sell equity release products without […]


Advisers call for standalone equity release qualification

More than 60 per cent of Society of Mortgage Professionals and Personal Finance Society members support the idea of a standalone equity release qualification to enable pensions and investment advisers to sell the products without having to be fully-qualified mortgage advisers. Currently advisers must be mortgage-qualified up to level three in order to advise on equity release. […]

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  • steve balmer 13th March 2017 at 2:02 pm

    Great, at least that’s a new income revenue for the FCA, was worried where they would be getting their fee growth from.