The equity release market moved closer to £1bn of activity in a single quarter as homeowners aged 55 and over unlocked £971m from their homes in Q2 2018, according to figures from the Equity Release Council.
Total lending between April and June increased by 12% compared with the first quarter of 2018 (£870m) and by 39% year-on-year from Q2 2017 (£701m). The quarterly increase was broadly in line with the average...
£3.4bn released last year
And mortgage lending
To communicate equity release's wider opportunities and benefits, writes Chris Flowers, providers and advisers need to think about how best to engage not only its usual target audience but also their families
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Enhances portfolio valuations