Stephen Lowe asks if recent strong growth reported in the equity release market the result of a mini-boom or the start of a sustainable long-term trend?
The Equity Release Research Council said that between April and June total advances reached £224.8 million, up 13% on the first quarter and 22% on the same period a year earlier. It is also the highest quarterly total since the end of 2009. This is a market we believe financial intermediaries should be taking very seriously because of its potential to keep on expanding for years to come. If that sounds bullish, consider that this market is currently worth about £1 billion a year but that there are over 10 million over 65s and between them the equity in their homes is worth around £750 bi...
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