Dean Buckner
How Profitable are Equity Release Mortgages?
Buckner, Dean; Dowd, Kevin
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.
Citation
Buckner, D., & Dowd, K. (2020). How Profitable are Equity Release Mortgages?. Economics Letters, 197, Article 109651. https://doi.org/10.1016/j.econlet.2020.109651
Journal Article Type | Article |
---|---|
Acceptance Date | Oct 23, 2020 |
Online Publication Date | Nov 2, 2020 |
Publication Date | 2020-12 |
Deposit Date | Oct 27, 2020 |
Publicly Available Date | May 2, 2022 |
Journal | Economics Letters |
Print ISSN | 0165-1765 |
Electronic ISSN | 1873-7374 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 197 |
Article Number | 109651 |
DOI | https://doi.org/10.1016/j.econlet.2020.109651 |
Public URL | https://durham-repository.worktribe.com/output/1252893 |
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Copyright Statement
© 2020 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
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