Nokkel joins the Equity Release Council to drive innovation in property equity solutions
London, 21st March 2024: Today Nokkel, the house wealth and fintech platform, has joined the Equity Release Council (the Council), the consumer-centric UK trade body which exists to promote high standards of conduct and practice in the equity release sector by putting consumer safeguards at its heart.
Nokkel is an innovative platform that uses technology to provide advisers and their clients with a clear picture of an individual’s property portfolio – including real-time residential property information – to improve financial well-being.
By joining the Council, Nokkel is seeking to broaden the understanding of house equity’s role in retirement planning and provide the tools to capitalise on it. As part of this ambition, Nokkel is looking to work with the wider later life lending industry to make it easier and more effective to make use of property wealth in retirement.
“We are proud to join the Equity Release Council, uniting with top-tier industry professionals to foster innovation in later-life lending and wealth technology” said Roland Whyte, Founder and CEO of Nokkel. “This collaboration is a cornerstone of our mission, to combine technology and data to democratise property wealth and offer a vital resource to those in or approaching retirement.”
Jim Boyd, CEO of the Equity Release Council, added: “Up to half of a retirees’ total wealth is made of residential property so it is vitally important that as an industry, we consider how we can allow for better comparison across the various asset classes.
“We are therefore delighted to welcome Nokkel as the newest member of the Equity Release Council and fully support their ambition to work with the wider industry to make it easier to consider housing equity as part of retirement planning.”
About Nokkel
Nokkel is an innovative fintech company that helps unlock property wealth — the fastest growing and typically one of the largest components of an individual’s holistic wealth. We achieve this through a tech-enabled platform that intelligently consolidates property data, supports user engagement, and connects property-related opportunities with financial solutions.
About the Equity Release Council
The Equity Release Council is the representative trade body for the UK equity release sector with more than 750 member firms and 1,900 individuals registered, including providers, funders, regulated financial advisers, solicitors, surveyors and other professionals.
It leads a consumer-focused UK based equity release market by setting authoritative standards and safeguards for the trusted provision of advice and products. Since 1991, more than 650,000 homeowners have accessed £46bn of property wealth via Council members to support their finances.
The Council also works with government, voluntary and public sectors, and regulatory, consumer and professional bodies to inform and influence debate about the use of housing wealth in later life and retirement planning.
