{"id":1781,"date":"2021-09-03T11:39:10","date_gmt":"2021-09-03T10:39:10","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=1781"},"modified":"2021-09-10T11:44:16","modified_gmt":"2021-09-10T10:44:16","slug":"highest-ever-number-of-equity-release-products-available","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/09\/03\/highest-ever-number-of-equity-release-products-available\/","title":{"rendered":"Highest ever number of equity release products available"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Equity release has become an\nincreasingly popular option for many people, with a record number of products\nnow available on the market.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>With over 500 equity release\noptions available to consumers<sup>1<\/sup>, rates have also dropped by an\naverage of 2% in the past five years. The maximum loan to value (LTV) has held\nsteady over this period at 49%.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Demand increases<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Equity release stood up to the\nchallenges of the pandemic, with customers taking out 19% more lifetime\nmortgages in H2 2020 than in the first half of the year<sup>2<\/sup>. Equity\nrelease is clearly still a sought-after option of accessing funding in later\nlife.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Did you know&#8230;?<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>More and more people are using\nequity release, and yet consumers still lack basic knowledge \u2013 for example,\nthat they can switch to a cheaper rate and potentially save thousands of\npounds. The FCA does not require equity release providers to stay in touch with\nclients after they\u2019ve taken out a loan, or to inform them of any opportunities to\nswitch.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The potential savings are not\ninsignificant, with one equity release broker saying it has saved remortgagers\nan average of \u00a333,795 over a period of 10 years<sup>3<\/sup>.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Could you save too?<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>If you are an equity release\ncustomer and would like to know if switching might benefit you, then we can\nhelp. Talk to us and we can assess whether it is an option for you.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Moneyfacts,\n2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>2<\/sup>Equity\nRelease Council, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>3<\/sup>Key,\n2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>Equity release\nmay require a lifetime mortgage or a home reversion plan. To understand the\nfeatures and risks, ask for a personalised illustration.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Equity release has become an increasingly popular option for many people, with a record number of products now available on the market. With over 500 equity release options available to consumers1, rates have also dropped by an average of 2% in the past five years. The maximum loan to value (LTV) has held steady over [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":1782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,35],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1781"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=1781"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1781\/revisions"}],"predecessor-version":[{"id":1803,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1781\/revisions\/1803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/1782"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=1781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=1781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=1781"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=1781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}