With an ageing population and rising levels of property wealth, equity release is continuing to grow in popularity. The latest Equity Release Market Report for Autumn 2018 from the Equity Release Council shows a doubling of equity release product options available to consumers compared with two years ago. There are now 139 different product options, compared with only 24 back in 2007, showing the rapid growth in this market. In addition to a rising number of equity release product options, there has also been significant growth in the number of equity release customers. The number of customers grew by 81% between the first half of 2016 and the first half of 2018.
Equity release growth driven by product innovation and flexibility
This 807 word blog post considers key findings from the latest Equity Release Council Equity Release Market Report for Autumn 2018. Includes a comment from David Burrowes, Chairman of the Equity Release Council. Written on 24th September 2018.