The Spring 2022 market report for equity release would detail trends, product developments, and consumer behavior in the equity release market, available from industry bodies like the Equity Release Council.
What Is the Spring 2022 Market Report for Equity Release? Learn All about the Trends and What Equity Release Statistics Revealed in 2022. Should You Be Climbing on the Bandwagon?
This article contains tops tips from our experts, backed by in-depth research.
Katherine Read Is a Financial Writer Known for Her Work on Financial Planning and Retirement Finance, Covering Equity Release, Lifetime Mortgages, Home Reversion, Retirement Planning, SIPPs, Pension Drawdown, and Interest-Only Mortgages.
Bert Hofhuis Is a Founder & Entrepreneur Simplifying the Complexities of Later Life Planning. He Navigates the Intricacies of Equity Release, Lifetime Mortgages, Reverse Mortgages, and Wealth Management With Clarity and Expertise.
Paul Is an External Compliance Expert and the Director of Alpha Capital Compliance Limited, Known for Its No-Nonsense Approach to Financial Compliance. With Expertise in Regulatory Updates, Compliance Auditing, and Due Diligence, Paul Is a Trusted Name in UK Finance.
Francis Hui Is Senior Risk Manager With a Wealth of High-Level Experience Across the Industry, and a True Expert at Helping UK Citizens Make Smart Financial Decisions and Manage Risk.
SovereignBoss Promise
Expert Verified
SovereignBoss adheres to a stringent code of editorial guidelines, but some articles may feature partner references. Here is an explanation for how we make money.
Key Takeaways
Latest trends show a surge in lifetime mortgages, fueled by rising house prices and an ageing population.
This season has seen a shift towards more flexible products, like drawdown lifetime mortgages, catering to diverse customer needs.
Forecasts predict steady growth, driven by increased awareness and trust in these schemes.
Top products in the latest report include lifetime mortgages and home reversion plans, with drawdown options becoming particularly popular.
The recent market update led to a slight decrease in rates, offering more affordable options for UK homeowners.
We've got all the latest spring equity release market statistics!
In 2022, the average equity release client drew more than seven years of retirement income from their home.
Imagine accessing so much money?
In This Article, You Will Discover:
Here is a summary of everything that happened according to the Equity Release Council’s Spring 2022 market report.1