V10.1 – April 2022
From 00:01hrs on Tuesday April 19, 2022, all new equity release customers will be required to have at least one face-to-face and in person meeting with a solicitor, in order to take out a plan that is compliant with Equity Release Council Standards.
The requirement marks the end of a temporary revision to the Council’s rules and guidance to enable cases to complete remotely without an in person face-to-face meeting with a solicitor and a return to the Council’s pre-covid rules.
It will also mark the end of a period where legal advice was permitted either remotely or in person and face-to-face which was deemed necessary to keep pace with the changing lock-down statuses in each of the UK’s devolved nations.
Related Downloads
V10.1 Standards Part B
File size: 805 KB | Type: pdf | Resources
V10.1 Standards Appendix A – Solicitors certificate
File size: 699 KB | Type: pdf | Resources
V10.1 Standards Appendix B – Certificate of compliance with R&Gs
File size: 695 KB | Type: pdf | Resources
V10.1 Standards Appendix C – Certificate of Compliance with product standards
File size: 685 KB | Type: pdf | Resources
V10.1 Standards Appendix D – Checklist for Advisers
File size: 695 KB | Type: pdf | Resources
V10.1 Standards Appendix E – Fees and charges
File size: 710 KB | Type: pdf | Resources
V10.1 Standards Appendix F – Links to useful information
File size: 705 KB | Type: pdf | Resources
V10.1 Standards Checklist for Advisers (Appendix D) supporting notes
File size: 752 KB | Type: pdf | Resources