Equity release reaches new high in second quarter

£701m withdrawn from homes

Hannah Godfrey
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Nigel Waterson: "Housing wealth is an important part of bridging the gap between the comfortable retirement people want and the retirement they can afford from their savings."
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Nigel Waterson: "Housing wealth is an important part of bridging the gap between the comfortable retirement people want and the retirement they can afford from their savings."

The equity release sector saw a record-breaking second quarter this year, with the number of new customers and total lending value both up significantly year-on-year, the latest Equity Release Council figures show.

Between April and June 2017, over-55s withdrew a total of £701m from their homes - the highest figure in any single three-month period since the council began recording quarterly activity in 2002. ...

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