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  • Equity release lending increased by 28% in the first half of 2016 year-on-year to experience its steepest growth in a decade. Lending reached £908m in H1 2016 after rising ty £198m from £710m in H1 2015. The number of equity release products has grown...

  • Pensioners are releasing more equity from their homes than ever before as the market hit a record high of £1.71 billion for 2015, up from £1.38bn a year earlier. More than £4.7 million in housing equity was withdrawn ever day last year as the house...

  • A THIRD of over-65s are struggling to manage debts as they head into retirement – owing an average PS36,000. Even more worrying is, the older people get the bigger the amounts they still owe on mortgages, credit cards, loans and overdrafts. Those...

  • Dean Mirfin Property wealth boosted the retirement standard of living of Scottish pensioners by more than £86 million last year, according to new data. Analysis from over-55s finance specialist Keyretirement.com’s Equity Release Market Monitor shows...

  • Scottish Friendly Scottish Friendly, Scotland’s biggest financial mutual, has appointed Neil Lovatt to its board as commercial director. Neil was previously Scottish Friendly’s sales and marketing director, a position he held for a decade, after 14...

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