Another record quarter for equity release activity in Q4 has pushed last year's annual lending growth in the sector to its highest level since records began, according to figures from the Equity Release Council.
The total amount of housing wealth unlocked by over-55 homeowners reached £3.06bn in 2017 - the first time it has exceeded £3bn in a single year. The year-end figures represented a growth of 42% compared...
Acquisition completed earlier this month.
Changes to take place by next year
Launched 18 November
Investment Association to create new labels