A new equity release product has been launched every 28 hours so far in 2020, according to new research.

Savings and retirement provider LV= has launched a equity release drawdown product on its new equity release platform for Financial Planners.

Sales of equity release plans dropped 27% from the first quarter of 2020 to the second quarter and the total value of equity released fell by 45% as lockdown took effect, according to a new report.

An FCA review of equity release advice has found that some is “not up to scratch.”