Equity release market experiences third busiest quarter ever

The equity release market has experienced its busiest quarter so far this year and its third busiest on record as older homeowners continued to access property wealth The value of equity release funding to over-55s saw an 8% lift from £911m in the second quarter to £988m in the three months to September. In Q3, homeowners aged 55 and over unlocked £11m of property wealth each day. The figures also showed 11,419 new customers used property wealth to support their finances during this period, a 6% increase on the previous quarter. This compared to 33,000 new customers using property equ...