Older homeowners release £1.42 billion of property wealth

Pandemic hits Q2 volumes as customers numbers fall by 27%. Customers focused on repaying debt rather than holidays or home improvements. Low interest rates enable one in eight customers to switch plans Key’s H1 2020 Equity Release Market Monitor shows.

Resilient equity release market builds carefully

Average Amount Released Drops but More People Access their Housing Equity Debt repayment and Gifting Most Common Uses According to New Value Analysis Average residential mortgage repaid using equity release is over £51,000

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