On Friday, 5 April 2019, the MFSA issued a set of questions and answers (‘Q&As’) about the Home Equity Release product announced earlier on by the Ministry of Finance.
These Q&As are intended to provide the consumers with information to enable them to make an informed decision when they are considering taking up this product.
The Regulations about the equity release product will come into force on the 1st September 2019, following which, credit institutions and financial institutions need to be authorised, to be able to offer such product.
The Q&As may be accessed on:
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