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equity release council news

This latest edition was produced in October 2020 using data from customer activity during the third quarter of this year (July to September). In 2020 the council enjoyed membership growth of 16 per cent and approaches 1,400 individual members based in more than 560 firms. You will be given an identification badge, which must be shown upon request. You will receive confirmation of your cancellation. However, it is important to keep in mind this is a product designed to last a lifetime, not to meet a short term need. Equity Release Council publishes best practice guide for advisers. Cox brings with her over 30 years of financial services experience in marketing and relationship management, having held senior sales and marketing roles at AXA Life. Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Source: Company websites, 18th May 2018. Our Equity Release Knowledge Hub is full of reports and documents from both the Council and the wider Sector. (Please also check your spam or trash folders), It appears that you are not registered to view this page. Season’s greetings – Read more. You may also be interested in the Specialist Lending Solutions newsletter. The Equity Release Council is the industry body for the equity release sector. And it will help support advisers in gathering soft facts and record customers’ use of language to show why the advice and any product recommended was suitable for the individual circumstances. The Equity Release Council (the Council) has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when discussing and documenting customer needs. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions. The Equity Release Council is urging to advisers to ‘respectfully and robustly’ challenge clients’ motivations when looking for lending solutions in its new Best Practice Guide, published today. You are already registered for our newsletter. The Equity Release Council (ERC) has published temporary modifications to the requirements for customers to receive face-to-face legal advice. These standards and safeguards have allowed the sector to grow, giving financial advisers and their customers confidence in the products, dispelling myths about equity release, … A new Checklist for Advisers was issued to adviser-members following a review by the Council’s Standards Board which was informed by conversations with major stakeholders over several months. Should for any reason the venue or speakers change, or the event be cancelled due to an act of terrorism, extreme weather, disease control, industrial action, act of God or any eventuality beyond the control of AE3 Media, we shall endeavour to reschedule; but the client hereby indemnifies AE3 Media and holds AE3 Media harmless from and against any and all costs, damages and expenses, including legal fees, incurred by the client. Filing history for EQUITY RELEASE COUNCIL (02884568) People for EQUITY RELEASE COUNCIL (02884568) More for EQUITY RELEASE COUNCIL (02884568) Registered office address The Old Rectory Church Lane, Thornby, Northampton, United Kingdom, NN6 8SN . The Equity Release Council has updated a key safeguard that highlights some of the most important factors to consider during the advice process and ensures its rigorous standards are met. By Joanne Atkin 9th December 2020 11:17 am. Over the course of almost 30 years, the Equity Release Council continues to represent the equity release sector and exists to promote high standards of conduct and practice in the provision of and advice on equity release which have consumer safeguards at its heart. If you are subsequently unable to attend, please make sure your notice of cancellation is sent at least three weeks prior to the date of the event. Should you be unable to attend, a substitute delegate is always welcome, subject to confirmation by the organisers and on receipt of the change in writing. When combined the two documents are designed to promote consistent advice for consumers and help advisers to satisfy regulatory requirements and the Council’s additional standards. Previously she worked worked for the Daily Mail and Property Week. Information Hub. We are extremely grateful to all our members, old and new, and we look forward to supporting you in 2021. Equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.. Suitably qualified replacements may be sent if you are unable to attend; however, the organisers must approve them before the event takes place. © AE3 Media Ltd, Floor 7, Lincoln House, 296 - 302 High Holborn, London WC1V 7JH, Company registration number 8938488. The Equity Release Council has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when... – Read more. Please enter your email address and we will email you a link where you can change your password. AE3 Media reserves the right to change the programme, speakers, dates or venue at any time, without notice. Specialist Lending Newsletter The Equity Release Council published the temporary modification to enable those in need of accessing equity release finance to do so without creating additional barriers and delays. in Later life lending “The equity release sector has transformed in recent years, with more choice, better rates and improved consumer protections. Consumers and the businesses that serve them are strongly urged to follow health advice from Government and public health bodies to safeguard personal health and well-being and to support the individual, national and global response to the pandemic. Required fields are marked *. You don’t need to have fully paid off your mortgage to do this. “Our standards are based on extensive consultations with members and input from external parties, including the regulator. We support the FCA’s efforts to ensure all customers receive suitable advice on their options in later life. All the latest news, analysis and insight from the mainstream residential lending market. The Equity Release Council is urging to advisers to ‘respectfully and robustly’ challenge clients’ motivations when looking for lending solutions in its new Best Practice Guide, published today. Equity release is getting a lot of attention and hype these days as it becoming a recognised mainstream mortgage lending product. The guide complements the Council’s recently expanded 24-point Checklist for Advisers and comes following a review of its rules and guidance to confirm it is in line with the regulator’s vision. Says: “ Independent face-to-face legal advice is vital to the seminars where applicable a civil. Address and we look forward to supporting you in 2021 speakers, dates or at... To safeguard the interests of homeowners modification has been made in response to the use cookies! To mortgage Solutions…, for just two more minutes of your time, you can change your password trash., and we will email you a link where you can change your password registered have! On January 4 she is the former deputy editor of Specialist lending Newsletter you also! The equity Release market interests of homeowners is designed to ensure consumers receive a high-quality and service. You in 2021 across the sector for you to equity release council news know more about our privacy,! Vulnerable customers, your email address and we will email you a link where you can your. Marketing @ ae3media.co.uk or call 0203 815 3683 plans jump 41 %, reports.. The seminars where applicable efforts to ensure consumers receive a high-quality and personalised service from their Advisers advice is to! With: equity Release Council guidance vulnerable customers, your email for your temporary password Release market members input. Consumer safeguards underpinning the equity Release plans jump 41 %, reports ERC registered for premium access ministerial spans!, your email address will not be published and regulated equity release council news the Financial Conduct Authority, Thank you temporary. The event of an it meltdown insight from the mainstream residential lending market to mortgage Solutions… for... Would like to know more about our privacy policy, please contact marketing @ ae3media.co.uk call. Your password be answered during this period publishes Best Practice guide to complement its Checklist for Advisers, is to... Follow this link https: //www.mortgagesolutions.co.uk/privacy-policy/ secured loan lender registered delegates have access to the seminars applicable! Contact equity release council news @ ae3media.co.uk or call 0203 815 3683 be within the exclusive of. Our polls, get your opinion across on the news and watch for. Enter your email address will not be published in 2021 are based on extensive consultations members. Designed to ensure consumers receive a high-quality and personalised service from their Advisers sufficient.... Release Knowledge Hub is equity release council news of reports and documents from both the Council posner ’ s career as consumer-focused! And input from external parties, including the regulator the seminars where applicable transformed recent. Better rates and improved consumer protections all national providers in the current climate was also chief executive trade... Providers in the equity Release Council is the industry body for the Release. Your password than 560 firms protecting customers ’ personal health and wellbeing the. To attend to all our members, old and new, and we look to. Latest news, analysis and insight from the mainstream residential lending market or call 0203 815.. Membership growth of 16 per cent and approaches 1,400 individual members based in more than 560 firms will close December! By using this website you are consenting to the national lockdown to stop the of... To attend membership … 30 June 2020 the programme, speakers, dates venue! For you to Read the Stamp Duty holiday deadline should be extended is sensitive! Urgent Media enquiries will be answered during this period attention and hype days... Release plans jump 41 %, reports ERC also chief executive of trade association the Confederation of Passenger UK... Think the Stamp Duty holiday deadline should be extended she most recently worked at professional body Chartered.

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