In the current climate, the equity release market is proving to be incredibly resilient in comparison with mainstream mortgages

The UK’s leading provider of home reversion plans has stated that advisers should still look to this sector for diversification and enquiries about this sector from intermediaries has hit an all-time high

Head of NU post retirement products said, “The current economy is still completely right for equity release.  The credit crunch has not wiped out the house price increases we have enjoyed over the last 10 years and it is undeniable that there is still a pensions deficit coupled with an ageing population.  As the cost of living increases and the true impact of the UK pension shortfall become apparent, this product range will become an even more important tool for retirement planning.”A 2004 study estimated that total equity in property owned by people over 65 is at least £1.1 trillion*. The same study also estimated that annual equity release sales would increase from the current £1 billion to £2 billion by 2010 and then to £30 billion by 2031*
Lifetime mortgage lending at the end of 2005 had reached £5.3 billion. This is equal to only 0.55% of the whole mortgage market by value*

The benefits of the CeRER course and becoming CeRER qualified are:

• It will enable you to quickly become qualified to sell equity release products therefore diversifying your business and generating more income in a short space of time.
• It is an excellent investment in your future.
• The course itself is only 1 day of the your time making it more economical for them in terms of fees, travel and accommodation costs.

*Figures from Council of Mortgage Lenders