The Equity Release Council reports an 11% increase in equity release borrowing in Q3 2012.
Total advances reached £248.9m in Q3 2012 compared to £224.8m in Q2 2012 -a 21% increase from Q3 2011 (£206.11m). Andrea Rozario, director general said: "Today's figures highlight the fact that the market is firmly back on track for sustained growth." This is the largest amount of equity released since Q4 2008 (£274.1m). Meanwhile, the number of plans sold increased from 4,302 (Q2 2012) to 4,777 (Q3 2012) - the highest number since Q4 2009 (4,888). Rozario added: "If we see more than £200m worth of equity released in Q4 - something that we are on track to do - then this year ...
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