Skip to content

Clarke & Son Blog​

Equity Release Lending Up 34% in 2016 According to Equity Release Council

Simon Pook, Head of Residential Property

-Equity release is becoming an increasing popular choice for retirees or those close to retirement for releasing cash to help in later life. This article details the statistics on how much this trend has grown in the last year.

The Equity Release Council has confirmed that the total value of equity release lending surpassed £2bn for the first time in 2016.

Overall lending reached £2.15bn for the year, an increase of a third (34%) on 2015 with an additional £542m of lending activity: double the rate of growth from 2014 to 2015 (16% and £225m).

The sector also finished the year on a record quarterly high as lending increased 51% to £670m year-on-year across the last three months of 2016, from £445m in Q4 2015

Read more: http://bit.ly/2iZGCp5

If you have a query or would like to book an appointment please get in touch with our First Contact team on 01256 320555 or email mail@clarkeandson.co.uk

Feel free to share:


Contact Details

If you have any questions or would like to enquire about one of our services, please fill in the enquiry form below and one of the team will get back to you.