Equity Release Council

Over 200 customers a day using equity release – Equity Release Council

Homeowners aged 55+ took out 12,485 new equity release plans between April and June this year.

Deloitte joins the Equity Release Council

The move is indicative of ever-increasing membership on the Council as the equity release industry continues to grow in both size and reputation.

WTW joins Equity Release Council

Multinational risk management, insurance brokerage and advisory company WTW has joined the Equity Release Council.

More than 23,000 equity release customers cashed in property wealth in Q1

The number of new and returning equity release customers reached a new quarterly high of 23,395 between January and March.

Mandatory face-to-face legal advice returns for equity release customers

All customers considering an equity release product will be required to have at least one face-to-face meeting in person with a solicitor before taking out a plan.

Pandemic property boom sees equity release customers draw more than seven years of income from homes

With property wealth reaching a record £5.2trn by the end of last year, the equity release market saw customers withdraw £125,000 on average.

Lifetime borrowers get guaranteed right to make partial repayments from Equity Release Council firms

Industry reaction to the latest equity release market statistics

Record amounts of property wealth were accessed via equity release products in Q4 and across 2021, according to the Equity Release Council. 

Equity release activity climbs 24% to £4.8bn as market returns to growth

Record amounts of property wealth were accessed via equity release products in Q4 and across 2021 by more than 76,000 new and returning customers, according to the Equity Release Council. 

Standard Life Home Finance joins the Equity Release Council

Standard Life Home Finance has joined the Equity Release Council following the recent launch of its range of Lifetime Mortgage products.