Defaqto adds Equity Release to Aequos Engage

Defaqto announced today that it had added Equity Release information to Aequos Engage, the company's product search and selection engine designed especially for IFAs.

The move is partly in response to requests from customers to add the data to Aequos Engage and partly reflects Defaqto's belief that equity release will become an increasingly important option in retirement planning.

Having the information online with Aequos Engage will meet the growing interest in this sector from financial advisers across the country.

A total of 63 products from 25 different providers have been added with Lifetime mortgages being the predominant type.

Commenting on the move, David Black, Principal Consultant - Banking, said, "Equity release is moving quickly into the mainstream of financial products and this move recognises this".

"There is little doubt that equity release will become ever more important as under- funded pensions, low annuity rates and demographic factors fuel demand while at the same time an unparalleled amount of equity has been built up in houses".

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