Equity release options widen as property wealth reaches £6tn
By
Gary Adams
8
th April 2021
10:37 am
The number of equity release products available on the market grew by 100 in the second half of 2020, reaching 488 by the year’s end, says the Equity Release Council in its Spring 2021 market report.
This compares to the 202 products two years previously, says the ERC.
Additionally, the number of retirement interest-only products available reached 100 for the first time ever at the end of 2020.
While the above was happening, the total value of UK private property rose to £6tn – or £4.6tn with mortgage debt discounted. This, too, is a first.