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Equity release a growing market for solicitors – Pru

Research from Prudential conducted among UK private client solicitors shows a growing need for advisory work in equity release.

Twenty nine per cent of solicitors believe demand for legal guidance in the area of equity release will increase in the next five years and over the last two years, one in four (26 per cent) private client solicitors have provided views and advice to their clients about equity release.

Prudential national mortgage club manager John Malone says: “Regulation is certainly in the best interest of customers and beneficial to the growth of the market. Ensuring that customers get the best possible advice in relation to the sale of equity release products is essential which is why obtaining independent legal advice is something we insist on.”

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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