Equity release sector is ‘in deep trouble’
About The Equity Release Report Maxlyte Financial is run by Peter Maxwell-Lyte. The business specialises in helping individuals with specialist financial plans, with a particular emphasis around Later Life planning. The planning support provided by Maxlyte Financial revolves around a broader base than the more traditional money-oriented view that has been such a dominant factor [.]
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while maintaining strategic focus and equity returns. william Huang, Chairman and Chief Executive Officer of GDS, said, “We are delighted to establish this joint venture with GIC Real Estate, the.
Lawyer warnings on equity-release loans to elderly ‘ignored’ Independent.ie Lawyers issued strong warnings about controversial equity-release mortgages more than a decade ago.
A new report released this morning from the free-market adam smith institute suggests that the UK’s Equity Release sector is in deep trouble, with the regulator having missed opportunities to effectively manage the risks in the sector.
Equity release can be the right solution for some older people who are looking for a cash lump sum or extra regular income, but who don’t want to move to a smaller, less expensive property. However, there are a number of potential pitfalls and issues to be aware of if you are thinking of taking out an equity release deal.
The report’s author Kevin Dowd, professor of finance and economics at Durham University, says: ‘We never seem to learn. Equitable Life hit the rocks two decades ago because it under-valued its long-term guarantees. Now the equity release sector is in deep trouble for the same reason.
My report did not say that the equity release market could be sent into meltdown if house prices were to fall substantially. What it said was alarming enough, however: it said that the sector is already in deep trouble because of hidden losses due to under-valued No-Negative Equity Guarantees (NNEGs).
The equity release sector is in deep trouble with the regulator having missed opportunities to effectively manage the risks in the market, a report from the free-market Adam Smith Institute has claimed. ‘Asleep at the Wheel: The Prudential Regulation Authority and the Equity Release Sector.
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Peter Foley/© 2013 Bloomberg Finance LP Hedge fund billionaire Bill Ackman of Pershing Square Capital Management is riding high after a multiyear stretch of trouble. float and significant.
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