The increase in the popularity of equity release plans to supplement retirement income is no "flash in the pan" but part of sustained growth in the market, according to Key Retirement technical director Dean Mirfin.
His firm's latest ‘Market Monitor' report has found that total equity release product sales for the first nine months of the year have already passed nine-tenths (92%) of the total achieved in 2015. The retirement planning specialist suggested this trend goes beyond the effects of Brexit and that its findings instead demonstrated a sustained growth in the equity release market. As the following table shows, a regional focus case study of London included in the report found lending in equity release plans has seen year-on-year (YOY) growth in the third quarter for each of the last thr...
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