Equity release demand remains - study

Figures from Key Retirement Solutions' (KRS) Equity Release Monitor Report, revealed that while demand for plans fell over the quarter, the average amount released increased from £48,000 to £53,000, as more than 6,000 retirees released equity from their homes. Dean Mirfin, business development director at KRS, said: "Unlike the mainstream mortgage market, we have not seen an upheaval in either rates or the ability of providers to lend. "This is testament to the fact that lenders are fully committed to the equity release market. "We have seen positive increases in the number of enquiri...