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This 511-word blog post discusses the latest figures of the equity release market in the UK, which continues to grow, despite the impact of the coronavirus pandemic and resulting economic uncertainty. The article also looks at how money released from the value of property is being used.
Written on 14 July 2020.
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The equity release market in the UK continues to grow, despite the impact of the coronavirus pandemic and resulting economic uncertainty.
According to the latest figures, older homeowners released equity worth £1.47 billion from their homes in the first half of this year.
This release of property wealth was dominated by activity in the first three months of the year, with far fewer equity release cases in the second quarter.
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