Equity release makes positive start to 2006

According to Key Retirement Solutions the equity release market is up in terms of the number of plans and their value, with the value of equity release plans up 12% on last year at £310m in the first quarter up from £277m for the same period in 2005. The trend towards a slight dip in the first quarter continued as the value of plans fell from £313m at the end of 2005 to £310m in the first quarter of 2006 and number of plans fell from 7128 in the fourth quarter of 2005 to 7087 at the start of this year. Meanwhile the split between the various types of equity release products sold has cha...