Equity release set to hit record high in 2021

Q3 lending up 19% year-on-year

clock • 1 min read
Fewer customers accessed drawdown funds in Q3 but new plans and further advances both saw growth.
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Fewer customers accessed drawdown funds in Q3 but new plans and further advances both saw growth.

The Equity Release Council (ERC) has published its Q3 2021 market statistics, which found that homeowners are set to access more that £4bn of property wealth this year via equity release for the first time.

A total £3.46bn has been released so far in 2021, surpassing previous years, with Q3 lending up 19% year-on-year, according to the ERC. The pandemic slowdown has been followed by the gradual return...

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