How are over 55 equity release schemes regulated?

Over 55 equity release regulation: Industry 

Over 55 equity release schemes are provided by well-known, major financial institutions, which are subject to industry regulated. If you’re unhappy with the service you receive, the Financial Ombudsman Service offers a free complaints service.

Over 55 equity release regulation: Advisers 

All advisers recommending over 55 equity release schemes have to be suitably qualified, holding a London Institute of Banking and Finance Certificate in Regulated Equity Release (CeRER)or a Chartered Insurance Institute (CII ER), both FCA approved qualifications. 

ERC code of conduct 

In addition, advisers who voluntarily join the Equity Release Council, must abide by a strict code of conduct designed to protect equity release over 55 plan holders.

55+ Equity Release explained everything in great detail, which was good because we’d never released equity before; our adviser didn’t hold anything back and explained it all really simply.’

Don and Julia Coulthart, successful over 55 equity release scheme applicants, Chatham, Medway, Kent

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