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Equity release market transacts £4.8bn, shows ERC report

Equity release market transacts £4.8bn, shows ERC report

The total amount of money borrowed via equity release products came to £4.8bn in 2021, the Equity Release Council (ERC) states in its newest annual report. This compares to £3.89bn in 2020, which was down on the £3.92bn recorded in 2019. During 2021, the ERC report says, the total value of housing in the UK ...

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Equity release market transacts £4.8bn, shows ERC report
Equity release market transacts £4.8bn, shows ERC report
Equity release market transacts £4.8bn, shows ERC report
Equity release market transacts £4.8bn, shows ERC report
mortgagefinancegazette mortgagefinancegazet... | 2 years ago
The total amount of money borrowed via equity release products came to £4.8bn in 2021, the Equity Release Council (ERC) states in its newest annual report. This compares to £3.89bn in 2020, which was down on the £3.92bn recorded in 2019. During 2021, the ERC report says, the total value of housing in the UK ... This story continues at Equity release market transacts £4.8bn, shows ERC report Or just read more coverage at Mortgage Finance Gazette
The total amount of money borrowed via equity release products came to £4.8bn in 2021, the Equity Release Council (ERC) states in its newest annual report. This compares to £3.89bn in 2020, which was down on the £3.92bn recorded in 2019. During 2021, the ERC report says, the total value of housing in the UK ... This story continues at Equity release market transacts £4.8bn, shows ERC report Or just read more coverage at Mortgage Finance Gazette
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Equity release product numbers hit record high
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The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The number of equity release products has hit a record high of 1,557 in the past year, according to data from Key Partnerships. The number of plans equates to almost treble the 547 on offer at the end of the first quarter of last year. The data from the referral arm of equity release adviser ... This story continues at Equity release product numbers hit record high Or just read more coverage at Mortgage Finance Gazette
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All clients considering taking out an equity release plan are now required to have at least one face-to-face meeting in person with a solicitor before going ahead. The rule begins from today (19 April) and applies to all members of the Equity Release Council, which covers most providers. The ERC change marks a return to pre-pandemic requirements and follows a temporary amendment to the Council’s rules in place since April 2020. The temporary lifting of the rule meant cases could still progre...
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