Equity release rebounds in Q3 after lockdown slump

In Q3 of 2020 some 10,351 new equity release plans were agreed, which is 41% more than the previous quarter yet still down 9% on the 11,419 in Q3 of 2019. A total £963m was unlocked during the third quarter of this year, up 38% on the slump of Q2, but 3% down on the total from Q3 2019. Equity Release Council chairman David Burrowes said: "These figures show a steady return to something closer to normal activity over the summer, after the market weathered the initial impact of Covid-19. With the country experiencing a break from lockdown, the pick-up was helped by a mix of new enquirie...