I was delighted to read the following article http://www.moneymarketing.co.uk/equity-release/hodge-lifetime-considering-drawdown-lifetime-mortgage-launch/1057602.article Increasing competition in the market for drawdown life time mortgages is most welcome as there are so few players. As an IFA in London who is qualified to give advice on equity release, I see equity release as a large growth area to avoid low standards of living in retirement for retiring baby boomers. The more competitive this market becomes the better it will be for current and future consumers.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn