Spry Finance is the sole provider of equity release products in the Irish market.

Equity released from upper property values has stayed static year-on-year.

The assessment aims to protect brokers from any potential future claims relating to capacity.

CSS offers its full range of valuation, survey and panel management services to lending partners specialising in later life.

However, the equity release market has ‘reasons to be cheerful’ in 2024, the report shows.

Royal London’s confirmation as a Council member follows its acquisition of Responsible Group.

Many will buy their partner out using savings, but some are turning to lifetime mortgages to stay in their homes.

The new rules extend protection to mandatory payment lifetime mortgages and all advice conversations must now cover income and expenditure.

The new product, called Interest Reward, will offer discounted rates to customers who commit to a payment plan.

The number of active customers fell by 31% in 2023 and 47% fewer new plans were agreed.