Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Three Equity Release Firms Merge to Form Sovereign Life Group

Age Partnership, Pure Retirement, and Advise Wise have joined together under the new Sovereign Life Group. Each business will continue to operate under its own brand and senior management, overseen by Jonathan Thirkill as group chief executive and Andrew Thirkill as group chair.

The three brands bring together lending, advice, and technology within the later life sector. According to the announcement, the group aims to coordinate investment and expertise across the businesses, while maintaining governance and accountability within each regulated entity.

For UK letting agents and inventory clerks, this development highlights ongoing changes in the later life lending market, which may impact property transactions involving older clients or those considering equity release options. The formation of Sovereign Life Group signals a consolidation of expertise and resources in the sector, potentially influencing the services and advice available to customers in later life property matters.