Equity release market growth stalls in 2019

In its Equity Release Market Monitor report, the specialist adviser found retired homeowners released nearly £3.45bn in 2019 - around £150m less than in 2018, when homeowners released £3.6bn. Meanwhile, the number of new plans taken out dropped by 3% in 2019 from 47,081 in 2018 to 45,598. Those living in the South East made the most use of equity release, with retired homeowners living in the area releasing £970m in 2019, which once again represented a fall from £1,047m the year before.   The firm said the final three months of 2019 showed signs of a return to growth with £921m rel...