Jim Boyd is a firm advocate for those in later life, here he is explaining how the FCA is helping (thanks for pointing us to Jim, Tom McPhail)

I am of a generation who has used a later life mortgage to ensure the happiness of my parents and my wider family. I had Jim Boyd’s help and encouragement to do this and know that he is doing great things on the debt side, to enable those with property but little liquidity to live decent lives as they get really old. I was helped by an advisor who understood our family’s problems and by an insurer (Aviva) who have been excellent.

Thanks to the Equity Release Council and  FCA for the help they bring to the elderly with equity in property

The FCA run a well regulated market and are looking to go further.

Here is the first part of the study into later life mortgages, which I can recommend to people with the issues my family had. Tom , Jim and Nikhil Radhi, thank you. I include here the introduction and market overview (sections 1 and 2 respectively).

Introduction

Market overview