|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Saturday 31st of January 2009
January 28, 2009

Official launch of equity release lawyers’ group


by Gill Montia
Official launch of equity release lawyers' group

This week has seen the official launch of The Equity Release Solicitors’ Alliance (ERSA).

The group comprises six law firms that are specialising in the UK equity release market: Equilaw, Goldsmith Williams, Ashfords, Lees Lloyd Whitley, Gwyn James and Birchall Blackburn.

Members of ERSA aim to provide independent legal advice to homeowners considering an equity release plan.

They are also setting out to improve the knowledge and understanding of equity release within the market place and promote the advantages of using a specialist law firm when making decisions about this means of raising capital.

ERSA is particularly keen to ensure that homeowners are aware of the benefits of products regulated by Safe Home Income Plans (SHIP), the body that represents 90% of UK equity release providers.

All the law firms involved say they have committed extensive resources to equity release because they are expecting the market to grow.

According to SHIP, the market actually shrank in last year, down 9% in value and 4% in volume.

However, analysts are expecting the sector to double in value over the next five years.

Discuss this in the Finance Markets forums

Story link: Official launch of equity release lawyers’ group


Add to Bookmarks:

ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL

 

Tags: ERSA, law firms, official launch, , , The Equity Release Solicitors’ Alliance

 

Previous: « Lloyds reunites customers with forgotten savings
Next: Global growth to fall to 0.5%, 51m job losses »

Visited 207 times, 5 so far today