The equity release market moved closer to £1bn of activity in a single quarter as homeowners aged 55 and over unlocked £971m from their homes in Q2 2018, according to figures from the Equity Release Council.
Total lending between April and June increased by 12% compared with the first quarter of 2018 (£870m) and by 39% year-on-year from Q2 2017 (£701m). The quarterly increase was broadly in line with the average...
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