Record breaking figures show annual growth at a 15 year high as 2017 sets a new milestone in equity release history with the highest lending in a single year standing at £3.06bn*.
2017 was a record breaking year for the equity release sector. But what contributed to this success? We’ve listed the pinnacle moments from the past year.
Rightmove has announced that over one-third (37%)* of sellers already on the market have reduce property prices since first listing. They also report that it’s the highest proportion at this time of year for five years.
The Chancellor presented the Budget 2017 to Parliament on 22nd November. While there was good news for first time buyers, young rail commuters and those of working age, there was little to celebrate for pensioners.
Nationwide Building Society launches their lifetime mortgage product with the vision to address the needs of an ageing population. This is great news for the equity release market. Being another high street lender to offer the product, this is promising news for the market and confirms that equity release is considered even more mainstream for […]
We all have a list of New Year’s Resolutions. Whether we have physically written them down or just made a mental note of what we’d like to achieve over the coming year. Ones thing for sure – January the 1st is a chance for change.
What a wonderful few months it’s been! We’ve thoroughly enjoyed seeing all your entries in our My Grand Hero competition and it’s been lovely to celebrate all the amazing grandparents out there.