I read something quite disturbing only the other day, something that threatens to rear its ugly head and tarnish the good reputation that the reverse mortgage industry has been working towards for quite some time. The same crowd who were responsible for the sub-prime lending crisis are now turning their heads towards the reverse mortgage market – seeing it as an opportunity to abuse the financial system for their gain and other’s detriment. The same sub-prime crowd in the UK is approaching the lifetime mortgage market ashamedly, providing equity release advice when perhaps unqualified.
This, I assure you, is being taken very seriously by us and will be commented on more as the story unfurls.
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