Annual lending this year is due to exceed £2 billion for the very first time which is noteworthy for the turbulent year of 2016!
There has been an increase in recognition of Equity Release amongst consumers, politicians and regulatory bodies in 2016, consequently resulting in the number of applicants releasing wealth tied up in the homes. Equity release is now arguably seen as having a greater role in retirement planning.
Borrowers over the age of 55 are now looking at lifetime mortgages with specialist equity release lenders who are not present on the high street.