14 July 2020 - 02:42 PM
Equity Release Value and Volume of Plans: | |||||
H1 2019 | H1 2020 | Q1 2020 | Q2 2020 | ||
No. of customers | 22,126 | 19,869 | 11,495 | 8,374 | |
Value of new plans | £1.68 billion | £1.47 billion | £949 million | £521 million | |
Total value of plans | £2.4 billion | £2.1 billion | £1.32 billion | £767 million |
H1 2020 | Proportion of Customers | Proportion of equity released |
Home/Garden Renovations | 59% | 16% |
Repay mortgages | 19% | 24% |
Repay debt | 29% | 16% |
Holidays | 27% | 6% |
Gifting | 24% | 21% |
Proportion of Customers | Q1 2020 | Q2 2020 |
Home/Garden Renovations | 17% | 14% |
Repay mortgages | 25% | 31% |
Repay debt | 12% | 13% |
Holidays | 8% | 4% |
Gifting | 21% | 21% |
Region | Number of plans sold 2020 H1 | Number of plans sold 2019 H1 | Total value of new equity released 2020 H1 (£ million) | Total value of new equity released 2019 H1 (£ million) |
South East | 4,879 | 5,422 | £434.291 | £476.225 |
London | 1,762 | 2,332 | £252.291 | £296.605 |
South West | 2,266 | 2,235 | £172.009 | £177.700 |
West Midlands | 1,772 | 1,953 | £106.077 | £123.929 |
East Midlands | 1,556 | 1,802 | £92.096 | £112.671 |
North West | 1,984 | 2,012 | £103.443 | £116.978 |
East Anglia | 1,360 | 1,739 | £92.333 | £120.719 |
Yorkshire & The Humber | 1,410 | 1,431 | £73.769 | £79.241 |
Scotland | 1,113 | 1,187 | £58.496 | £66.706 |
Wales | 866 | 1,141 | £43.578 | £65.317 |
North | 710 | 661 | £32.998 | £36.621 |
Northern Ireland | 191 | 210 | £9.214 | £10.267 |
UK | 19,870 | 22,126 | £1,470.589 | £1,682.985 |