[Skip to content]

Private Healthcare UK
Search our Site

This website is certified by Health On the Net Foundation. Click to verify.
This site complies with the HONcode standard for trustworthy health information:
verify here.

Advertisement
.

Prudential is to pull out of the equity release sector

Prudential logo

Prudential will stop writing new lifetime mortgage business early next year.

 

Prudential follows a lengthening list of equity release providers to pull out of the market - Northern Rock, Saffron Building Society, Coventry Building Society and Retirement Plus, plus In Retirement Services who have gone into administration.

 

Aviva, Just Retirement, and LV= are the main players still writing new business.

 

Equity release was once trumpeted as a way of paying for long term care, until the house price crash reminded us that there is no law that says house prices must always rise.

 

Equity release is not a good way of paying for long term care.

 

Long term care: News update: 29 November 2009

 

Related links

 

  • Find out more about long term care insurance

 

  • Get a quote for long term care insurance