Reverse mortgages are extremely risky for retirees and the market is practically dead. Home reversion schemes are even dicier and an extremely bad option for retirees, hence why there not used often.
Yeah great point! All the financial planners who manage retirees finances (I don’t know the statistic but I’d image the vast majority of retirees use a financial planner) will only be able to advise their clients to use DomaComs equity release product, which will be an incredibly lucrative growth channel that only DCL has access to for the next 6 years.
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