CONSUMER DUTY ‘WILL BOOST EQUITY RELEASE REFERRALS’

The introduction of the FCA’s Consumer Duty rules will drive more specialist equity release referral relationships as the market has to step up to meet new standards, a new report from Key Partnerships, the equity release referral service arm at Key Group says.
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EQUITY RELEASE INTRODUCERS BUILD FOR GROWTH

• Two out of five introducers expect their equity release business to increase over next one to three years • Customer need and desire to offer range of services driving referral relationships
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OLDER HOMEOWNERS RELEASE £111,500 IN PROPERTY WEALTH

• Equity release plan sales surge 21% and value of equity released soars by 30% • Record first quarter with more customers using equity release for mortgage repayment than ever before, Key’s 2022 Q1 Equity Release Market Monitor shows
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