questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the charging of (a) interest and (b) compound interest on Equity Release Loans by financial services companies on (i) elderly customers and (ii) relatives of deceased customers.
answerText: Decisions concerning the design of loans, including the interest charged, are commercial decisions for firms in which the Government does not intervene. However, equity release products are regulated by the Financial Conduct Authority and so benefit from ...
heading: Equity Release: Interest Charges