Equity Release Council's code to safeguard homeowners | Mail Online
Homeowners looking to tap into a combined property wealth of more than £700 billion to give them a decent retirement are being promised more safeguards by a body to be launched tomorrow.
The Equity Release Council – formerly trade body Ship – aims to strengthen the code of conduct for its members. For the first time, membership will include financial advisers and solicitors as well as equity release companies. This should mean better protection for older homeowners who want to release cash from their home while retaining the right to live there.
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