Equity release mortgage sales jump 28% to hit £5.2 billion in 2022

Mark  Incledon, CEO quoted in The Financial Times 19 May 2023

“Releasing equity isn’t a decision that should be taken lightly and there are valid concerns that many borrowers are unaware of what exactly they’re signing up to, let alone the alternatives available to them.

“Equity release is often advertised as a ‘no-brainer’ that gives elderly borrowers the buffer they need to tie them over in the short term. Unfortunately, many of them will find they have tied themselves into a long-term commitment without properly understanding the costs.”

Read more: https://on.ft.com/3BFv2Wd


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