Equity release activity up 26% year-on year

‘Continued return to pre-pandemic market growth’

clock • 4 min read
According to Stephen Lowe, group communications director at retirement specialist Just Group, demand for equity release has recovered strongly from the pandemic wobbles
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According to Stephen Lowe, group communications director at retirement specialist Just Group, demand for equity release has recovered strongly from the pandemic wobbles

The Equity Release Council has revealed its Q2 and full-year lending figures for 2022 showing that activity in the market climbed 26% year-on-year to a new high of more than £1.6bn.

The total value of lending was 37% higher, according to the body. The total amount of property wealth withdrawn by customers surpassed the previous high of £1.53bn from Q1, resulting in a total ...

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