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.

Daniel Edmondson, national account manager at Advise Wise, looks at recent innovations and ongoing rate fluctuations in the equity release market, and predicts what new figures will...

L&G Home Finance has also simplified product names to help customers understand the best solution for their needs.

James Gillam, managing director of Pure Panel Management, explains why an equity release valuation warrants the same attention as the advice process.