Join us for a night of fun at our black tie casino evening on 19 October 2018. The Cheltenham based event is in aid of our charity, Maggie’s. Maggie’s centres offer free practical, emotional and social support to people with cancer as well as their families and friends. Come and support this excellent cause while […]
New research from Retirement Advantage has revealed that over a quarter of customers who took out an equity release plan in 2017 did so to clear an existing mortgage.
With the equity release market going from strength to strength, Dave Harris, CEO at more 2 Life, explains how it is benefiting from both long-term and short-term trends. 2017 is going to be a tough year to follow for the equity release market. In 2016, lending within the sector increased by a third and broke the £2 billion mark for the first time. And in 2017, equity release exceeded £3 billion.
The amount of equity that homeowners released from their properties hit a record high in 2017. More than £3 billion was borrowed using equity release plans over 2017, the highest figure for a single year since records began and up from £2.15 billion in 2016, according to the Equity Release Council, the industry trade body.
Annual equity release lending in the UK reached its highest level in 15 years in 2017 after the final quarter of the year recorded unprecedented activity, the latest figures show.
Some older homeowners are put off the idea of releasing equity from their properties because they are worried it will mean they will have to stay in the same home for the remainder of their life.
Growing demand for equity release from record numbers of homeowners has led to a dramatic increase in the number of product options available.
Next month sees SunLife launch ‘The Over 55 Equity Release Service’ with Carol Vorderman appearing in TV, radio, press and online, explaining how equity release could help people enjoy their retirement ‘on the house’.
Every year we support a local charity. For 2019 our chosen charity is Maggie’s Cheltenham. Maggie’s provides free practical, emotional and social support to people with cancer and their family and friends, following the ideas about cancer care originally laid out by Maggie Keswick Jencks. Built in the grounds of NHS cancer hospitals, Maggie’s Centres […]
As 2017 comes to an end, we are looking back on a brilliant year at Equilaw and here are some of our highlights: Equilaw are delighted to have won the award for the ‘Best Conveyancer’ at the Equity Release Awards 2017. This is the eighth time that Equilaw has won this award and we are […]