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Record numbers of intermediaries are signing up for the Certificate in Regulated Equity Release, according to the ifs School of Finance.

The news was welcomed by Home & Capital Advisers, which believes that interest among intermediaries in equity release is building.

Nigel Hare-Scott, managing director of Home & Capital Advisers, said: "Most brokers deal with customers over the age of 55, and they need to be in a position to advise on equity release. This is a growing market as more and more people use the equity in their homes to generate an income or a lump sum. It is encouraging that more intermediaries are signing up to obtain a professional qualification."