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Vol 21 No 11 Nov/Dec 2016

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Equity Release: A Practitioner's Guide

Publication abandoned lge

ISBN13: 9780853089582
Publisher: Jordan Publishing Ltd
Country of Publication: UK
Format: Paperback
Price: Publication Abandoned



The equity release market is one of the fastest growing sectors of the financial services industry. Unlocking money from homes to support low incomes has proven to be an attractive option especially in times of falling stock markets, low interest rates and under-performing pension schemes.

Lawyers and financial advisers need to be aware of the legal framework in which such equity release schemes operate. This new guide provides:

  • a comprehensive review of the various types of schemes available,

  • advice on the professional and practical issues surrounding such schemes,

  • an insight into how such schemes can be used to mitigate inheritance tax, pay for residential care, fund speculative investment, and help settle matrimonial settlements; and

  • an examination of the safety procedures in force to protect clients including those of the FSA and various Codes of Conduct.

Publication abandoned lge
Subjects:
Banking and Finance
Contents:
INTRODUCTION;;
What is Equity Release?;
The Market environment
Client Profile
Analysis of Market and Client Profile
EQUITY RELEASE SCHEMES
Overview
Home Reversion Schemes
Lifetime Mortgages: Home Equity Release Mortgage (HERM)
Annuity Based Schemes
Common Factors
ADVISING THE CLIENT
Professional Issues
Alternative Solutions
Practical Issues
Check-out the Provider/Adviser
EQUITY RELEASE: USES AND ABUSES
Mitigating Inheritance Tax
Funding Residential Care
Supplementing Income and/or Capital
Speculative Investment
Living Inheritance
Matrimonial Settlement
Buying Property Overseas
SAFEGUARDS
Introduction
Codes of Conduct
Financial Services Authority (FSA)
Consumer Credit Act 1974
Annuity and Investment Based Schemes
Prescribed Warnings
Professional Indemnity
APPENDICES
Useful Addresses
Further Reading
Roll-up Loan Interest Table
Standard SHIP Certificate
Precedents