The Significance of Developing Professional

Connections in Equity Release

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Equity release is a great way in which people can fund their retirement years. More and more people all over the United Kingdom are opting for equity release to spend their senior years in luxury. The popularity of the equity release has grown significantly over the recent years. With an equity release scheme you are always at profit.What can be a better deal than being able to live in your house yet drawing money from it? Moreover, you can live in your house

for as long as you are alive. A great scheme is it for retired people. According to a recent research it has been found out that the equity release market is continuing to grow. The latest statistics that are issued by the Equity Release Council reveal that Q1 2013 was the best and strongest first quarter in four years. The Council however believes that some obstacles still prevail that prevent the sector from developing as quickly as it could. One of the chief reasons that the Council considers responsible among this is lack of consumer awareness. This lack of consumer awareness is not just in terms of the existence of the pans but also in terms of how the schemes work and the different situations under which one can rely on equity release.

Now this is not just limited to the older homeowners who can benefit from the schemes of equity release. It however extends to many of the advisers and the various referral partners who are known to introduce individuals to the different schemes in the first place.The Mortgage Market Review feels that each and every equity release customer need to go through

an advised-sales process even if they wish to go down the execution-only route. It is the high standards that are imposed by the Council and the providers that make the execution only route impossible and this highlights what an important role advisers these days need to play.They are to known to stand between the providers and the potential beneficiaries of equity release. Therefore, if they fail, they are letting down their clients as well. This therefore is a serious issue with equity release. It does not mean that it has to be specialist equity release advisers who need to be on top of their game.These issues however do not in any way affect the popularity of equity release. It still continues to be one of the most popular financial solutions of people in their post retirement years.

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