Tuesday, July 13
Thursday, June 17
Partnership to return to equity release market
Annuity provider Partnership is set to return to the equity release market this year.
The company is expected to focus on clients with lifestyle impairments, mirroring their approach to enhanced annuities.
The news follows the return of More2Life to the market with a new lifetime mortgage.
With a number of providers having pulled out of the market last year, it is greatly encouraging to see some returning.
The company is expected to focus on clients with lifestyle impairments, mirroring their approach to enhanced annuities.
The news follows the return of More2Life to the market with a new lifetime mortgage.
With a number of providers having pulled out of the market last year, it is greatly encouraging to see some returning.
Monday, June 14
More 2 Life returns to equity release
Some welcome good news for the equity release market; More 2 Life has relaunched a lifetime mortgage after a 2 year absence.
Recent times have seen a succession of equity release providers withdraw from the market place so it can only be good news to see this change.
This follows Bridgewater Equity Release raising their maximum release for their home reversion plan from £100,000 to £250,000.
Recent times have seen a succession of equity release providers withdraw from the market place so it can only be good news to see this change.
This follows Bridgewater Equity Release raising their maximum release for their home reversion plan from £100,000 to £250,000.
Wednesday, April 28
Equity Release Market Remains Robust
Value of equity release advances in Q1 2010 at £213.4m
Drawdown mortgages continue to be most popular product (£116.4m)
Home Reversion plans jump 10% to £4.4m
SHIP, the equity release provider trade body, today announced equity release market figures for the first quarter of 2010. Initial data for the start of the year taken from all of the members indicates that while the market is suffering some effects from the loss of providers, demand is strong and activity remains buoyant.
Home reversion advances rose by 10% on Q4 2009 to £4.4m. Drawdown mortgages remain the most popular form of equity release, claiming over half of the market share (55%) with £116.4m worth of advances. Lump sum mortgage sales were £92.6m in the quarter. The distribution of equity release continued to be dominated by intermediaries, who accounted for 79% of all sales.
Overall the value of the equity release market has fallen by 13% from £244.7m in Q1 2009 to £213.4m in Q1 2010. The total number of customers YOY has fallen by just 7%. The percentage of sales through intermediaries has remained stable at the 79% mark.
Drawdown mortgages continue to be most popular product (£116.4m)
Home Reversion plans jump 10% to £4.4m
SHIP, the equity release provider trade body, today announced equity release market figures for the first quarter of 2010. Initial data for the start of the year taken from all of the members indicates that while the market is suffering some effects from the loss of providers, demand is strong and activity remains buoyant.
Home reversion advances rose by 10% on Q4 2009 to £4.4m. Drawdown mortgages remain the most popular form of equity release, claiming over half of the market share (55%) with £116.4m worth of advances. Lump sum mortgage sales were £92.6m in the quarter. The distribution of equity release continued to be dominated by intermediaries, who accounted for 79% of all sales.
Overall the value of the equity release market has fallen by 13% from £244.7m in Q1 2009 to £213.4m in Q1 2010. The total number of customers YOY has fallen by just 7%. The percentage of sales through intermediaries has remained stable at the 79% mark.
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