Will Hale is chief executive at Key
While the equity release market has been around for more than thirty years, it is only recently that we have seen the expansion of flexible lending features and low rates that make these modern plans an attractive option for a wide range of older customers.
Even as recently as 2016, advisers only had a range of 66 equity release plans to consider for their customers with an average interest rate of 6.15% and an average maximum loan-to-value of 49%, according to the latest data from financial research company Moneyfacts.
Aviva appoints managing director of equity release