Homeowners could release an average of £69,600 worth of equity release from their homes using equity release – a 20% increase on five years ago.

Since the start of 2024, the average five-year fix has not dropped as much as its two-year counterpart.

In the ten months to October 2024, new business volumes were 17% higher than in the same period in 2023. 

Jaxon Stevens, relationship director at ASG Finance, says the most ambitious projects are likely to bring higher returns in the current market.

Over a third of advice firms believe there’s been no progress towards the Consumer Duty’s Products and Services outcome.

Five-year fixed rates have reduced by up to 14bps and now start from 4.11%.

The new range sits alongside Investec's 70% LTV offering.

For properties with an A/B EPC rating there may be a small increase in the maximum loan amount available.

The proposition assesses borrowers more favourably than standard fixed rate criteria, allowing them to increase the size of their loan.

We spoke to James Briggs, newly appointed intermediary sales director of specialist lender Afin Bank, which received its banking licence Authorisation with Restrictions last month, and...