Equity Release is intended to be a lifetime product where the value of the debt increases over the term of the loan. Therefore, the checks and measures that lenders have are different because the lender will need to be repaid at the end of the term and wish to anticipate any potential issues with marketing the property. A normal residential mortgage is shorter term, with the debt decreasing over the term of the mortgage so the lender, whilst of course wishing to ensure that they have good security over the loan has different requirements.
