Equity Release moves into Mainstream Financial Planning
The Equity Release council writes “50p of housing wealth unlocked for every £1 of flexible pension payments during 2018, as property wealth plays increasing role in funding later life. Lifetime mortgages saw the mortgage market’s greatest percentage increase in customer numbers for a third consecutive year. Demand for equity release continues to grow nationwide, with double-digit rise in customer numbers across all UK regions.
Lifetime loans estimated to make up around a third of new mortgages among consumers from their mid-50s onwards, up from less than fifth ten years ago. Product options double in a year as first regular income products launch. Average withdrawals remain stable as fewer customers extend loans”. Read all