Equity Release remortgage market set for growth

The equity release remortgage market is set to grow in 2007, reports Mortgage Introducer (20/1/07).

With the evolution of the market through greater competition and with many early lifetime mortgages coming to the end of the lock-in period, it has been suggested that in might be in the best interests of the client to remortgage.

Sixty Plus comment: We would urge IFAs to check for any clients with existing lifetime mortgages on high fixed rates as there is every chance they can save money. There are initial costs but these are outweighed by long term savings potentially running into thousands of pounds. IFAs can refer such clients to us by visiting http://www.sixtyplusonline.co.uk/equity-release-advisers-1.htm