UK equity release wealth rises 1.4% to £372bn in Q2

Driven by property values

Victoria McKeever
clock • 1 min read

Equity release wealth available to the over-55s across the UK rose to £372.5bn in the second quarter of 2017, according to the Retirement Advantage equity release property value tracker.

The figure represented a 1.4% increase from the £367.5bn recorded in the previous quarter and was driven by growth in property values nationally, the firm said. Retirement Advantage reported rises particularly in the East Midlands (+1%), Scotland (+0.7%) and the North of England (+0.7%). Head of marketing Alice Watson (pictured) said it was encouraging to see growth in the market amid recent concerns about economic uncertainty slowing the housing market. "It is nationwide too," she said. "Far from being confined to London and the South East, the biggest growth in the last quarter h...

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