The Business

Our business is to assist homeowners in their later years to fulfil their retirement needs and aspirations by providing finance through equity release and similar products. This is mainly conducted through The Home & Capital Trust Group, which this year completes thirty years as a provider and arranger of home reversion plans. The Home & Capital Trust Group is now a full scope FSA regulated equity release business, comprising:

• a provider of home reversion plans, distributed through regulated third party financial intermediaries including its own equity release advisory firm;
• Home & Capital Advisers Limited, which advises both direct customers and non-specialist financial intermediaries on the equity release market, arranging both home reversion plans and lifetime mortgages provided by third parties; and
• an equity release administration business which manages portfolios of assets for the Group and third parties.

The Group uses its capital base to invest in home reversion plans arranged by The Home & Capital Trust Group and to buy equity release assets in the secondary market.

The Group is now:

• a market leader in advising on and providing equity release products to the ‘at retirement’ market;
• a leading administrator of equity release plans; and
• a substantial investor in home reversions and equivalent equity release assets.

The Group is well placed to benefit from the increasing interest inthe equity release market from financial intermediaries, new providers entering the market and increasing consumer demand. We aim to provide shareholders with relatively low risk long-term capital growth from our investment activity, enhanced by an income stream from our other equity release activities.