How profitable are Equity Release Mortgages?

Dean Buckner and Kevin Dowd

Economics Letters, 2020, vol. 197, issue C

Abstract: We obtain valuations of UK Equity Release Mortgages under the ‘market consistent’ approach consistent with conventional option pricing and the ‘discounted projection’ approach used by the industry. Projections of the expected profitability of these products have significant commercial implications.

Keywords: Equity Release; Market consistent approach; Discounted projection approach (search for similar items in EconPapers)
JEL-codes: G2 G3 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:197:y:2020:i:c:s0165176520304110

DOI: 10.1016/j.econlet.2020.109651

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