The current market for equity release is growing, with more products offering lower interest rates and flexible terms to meet diverse homeowner needs.
What Is the Current Market for Equity Release? Find Out 3 Advantages of the Growth and Why You Cannot Afford to Ignore It. Our Experts Unpack It All Right Here.
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
The current equity release market trends in the UK depict a growing interest in lifetime mortgages and home reversion plans, with a shift towards more flexible options.
The UK market is performing strongly, with a notable increase in the number of people utilising these schemes to fund their retirement.
Factors include low-interest rates, ageing population, and increasing property prices.
For current information, trusted sources include the equity release Council, financial news outlets, and informative websites like SovereignBoss.
Predictions for the future suggest continued growth due to increasing life expectancy and the desire for financial freedom in retirement.
It's no secret that the equity release market has been growing in recent years1, despite the COVID-19 pandemic!
With approximately a fifth of pensioners in the UK living in poverty2, releasing equity may be a way to avoid it for those who can.
The question on everyone's mind is whether equity release is a passing phase, or the life-changing solution that everybody's been looking for.
In This Article, You Will Discover:
As experts in the field, we've spent countless hours researching equity release plans, and we've done the latest statistical analyses of the market.
Expert Verified