Equity release market breaks Q1 record

£1.14bn accessed

Sophie King
clock • 2 min read
In Q1 2021, 10,030 new plans were agreed, down from 11,566 in Q4 2020.

In Q1 2021, 10,030 new plans were agreed, down from 11,566 in Q4 2020.

The total value of property wealth accessed has hit its highest level ever for a first quarter, figures from the Equity Release Council have revealed.

The first quarter of 2021, which the UK spent largely in lockdown, saw £1.14bn accessed by 16,527 homeowners over the age of 55. This latest figure represents a 7% rise year-on-year from £1.06bn in Q1...

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