Should Equity Release lenders be concerned by the new Debt Pre-action Protocol?
On 1st October 2017 a new Pre-Action Protocol for Debt Claims came into force and there has been some concern amongst lenders that this might apply to Equity Release possession claims. In a briefing note prepared for the Equity Release Council, Tom Black of Eversheds Sutherland explores the application of the new protocol and discusses what strategies can be put in place to avoid the need to re-write pre-action processes in order to accommodate its requirements.
The full document can be found as a Technical Briefing section on our Knowledge and Training page.
