Innovation and flexibility drive equity release growth

Matthew Barrand Blog, Equity Release

  • Product options more than double in 2 years: 139 in August 2018, up from 58 in 2016.

  • Number of homes in England bought with a gift or loan from family or friends reaches a new high of 1.1m.

  • New Customer numbers driven by increased product flexibility and more competition in the market as people seek to meet pressing social needs such as giving help to younger generations and meet mounting care costs.

  • For every £1 of savings withdrawn via flexible pension payments in the last 12 months, 50p of housing wealth was unlocked via equity release – up from 40p
    a year earlier.

This article was featured in a recent Wise Words newsletter