Geoff Charles, CEO at Bower, discusses the emerging signs of positivity to be found in the equity release market which could set up a strong 2024.
Related topic: Later Life
The range is now being expanded to all advisers through the Air Sourcing, Iress and Advise Wise platforms.
Advise Wise has created a solution to connect advisers with different professionals.
The automated DIP returns an immediate response on declared information and conducts a soft credit search at the same time.
Legal & General Home Finance has introduced low LTV variants to its flexible and optional payment lifetime mortgages.
Advisers can request instant KFIs for Aviva plans and for the first time submit online applications directly from the Advise Wise Platform.
Over 4,500 advisers will now have access to the equity release range.
April was the quietest month of Q2, with the number of new plans picking up in May and again in June.
More than half were unaware that disclosing poor health could deliver extra income.
Home improvements continue to be the most popular use of equity release, helping those in later life stay in their forever homes.