UK equity release wealth rises 1.4% to £372bn in Q2

Driven by property values

Victoria McKeever
clock • 1 min read

Equity release wealth available to the over-55s across the UK rose to £372.5bn in the second quarter of 2017, according to the Retirement Advantage equity release property value tracker.

The figure represented a 1.4% increase from the £367.5bn recorded in the previous quarter and was driven by growth in property values nationally, the firm said. Retirement Advantage reported rises particularly in the East Midlands (+1%), Scotland (+0.7%) and the North of England (+0.7%). Head of marketing Alice Watson (pictured) said it was encouraging to see growth in the market amid recent concerns about economic uncertainty slowing the housing market. "It is nationwide too," she said. "Far from being confined to London and the South East, the biggest growth in the last quarter h...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Inflation shocks driving another long uptick in annuity sales

Inflation shocks driving another long uptick in annuity sales

‘Customers should be careful that this is the right decision for them’

Hope Coumbe
clock 23 April 2024 • 1 min read
Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read