12% new customer increase and 15% rise in Q2 equity release lending to £578m, making it the busiest quarter in a year for the equity release market.
12% increase in new customers and 15% rise in Q2 equity release lending to £578m, making it the busiest quarter in a year for the equity release market. Existing drawdown customers also showed resilience with a 3% increase to 8,051. The Equity Release Council's report highlights the market's recovery after a period of reduced attractiveness due to higher interest rates and slowing house price growth.
July 25, 2024
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