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UK home equity available for release tops £600bn: Canada Life


UK home equity available for release tops £600bn: Canada Life
By
Roger Baird
4
th February 2021
11:29 am
The amount of equity available for release in UK homes topped £600bn for the first time, according to data from Canada Life.
The total amount of housing equity available to homeowners over 55 stands at an estimated £600.5bn in the final quarter of 2020, up £15bn on the previous quarter.
Higher house prices across the South West, South East and London are behind this surge in available equity, based on data from the latest Halifax quarterly regional house price index.
Average property price in London hit£519,000 in the period, creating £117bn of potential equity for the region. or £153,199 per household. This is the largest equity release figure in the UK. ....

United Kingdom , City Of , Alice Watson , South West , South East , North East , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஆலிஸ் வாட்சன் , தெற்கு மேற்கு , தெற்கு கிழக்கு , வடக்கு கிழக்கு ,

Annual lending in equity release market reaches £3.89bn


On quarterly basis, new and returning customers unlocked £1.16bn of property wealth in Q4.
The data shows that this was influenced by an increase in average loan sizes and customers accessing funds held back during lockdown.
The disruption of the COVID-19 pandemic saw 57% of lending activity occur in Q1 and Q4 of 2020.
Meanwhile, there was a backlog of cases in 2020 which contributed to the 11,566 new equity release plans agreed by over-55 homeowners in Q4.
Overall in 2020 there were 40,337 new plans agreed in total, compared with 44,870 in 2019.
Furthermore, the number of new and returning customers served in Q4 reached 19,333 to leave the annual total at 72,988 for 2020. ....

Alice Watson , David Burrowes , Lisa Martin , Equity Release Council , Canada Life , ஆலிஸ் வாட்சன் , டேவிட் பர்ரோஸ் , லிசா மார்டின் , பங்கு வெளியீடு சபை , கனடா வாழ்க்கை ,

72% of advisers expect equity release market to grow in 2021


72% of advisers expect equity release market to grow in 2021
17
th December 2020
9:15 am
Almost three-quarters of advisers expect the value of the equity release market to grow next year driven by younger customers and an appetite for larger loans
More than 60% think the market will be back to pre-COVID levels by Q2 2021
70% believe funds from equity release will be used to give money to children and grandchildren
Financial advisers are optimistic about the strength of the equity release market in 2021, new research from Canada Life reveals. Almost three quarters expect the value of the market to grow next year, with a fifth thinking it could increase to more than £6bn in value. ....

New Brunswick , Alice Watson , Canada Life , Prudential Regulation Authority , Canada Life Group , Financial Conduct Authority , Stonehaven United Kingdom , Canada Life Platform , Stonehaven United Kingdom Ltd , Life Limited , Prudential Regulation , Stonehaven United Kingdom Limited , Canada Life Platform Limited , Financial Conduct , புதியது பிரன்சுவிக் , ஆலிஸ் வாட்சன் , கனடா வாழ்க்கை , விவேகமான ஒழுங்குமுறை அதிகாரம் , கனடா வாழ்க்கை குழு , நிதி நடத்தை அதிகாரம் , ஸ்டோநிஹேவ்ந் ஒன்றுபட்டது கிஂக்டம் , கனடா வாழ்க்கை நடைமேடை , ஸ்டோநிஹேவ்ந் ஒன்றுபட்டது கிஂக்டம் லிமிடெட் , வாழ்க்கை வரையறுக்கப்பட்டவை , விவேகமான ஒழுங்குமுறை , ஸ்டோநிஹேவ்ந் ஒன்றுபட்டது கிஂக்டம் வரையறுக்கப்பட்டவை ,

More than 60% of over-55's are settled in Forever Home


More than 60% of over-55’s are settled in Forever Home
9
th December 2020
1:04 pm
Desire to stay has many considering financial options such as working longer (19%), borrowing money (13%) or releasing equity (11%)
More than six in ten (62%) over 55s are living in their forever homes, according to new research from Canada Life today
1. This can be equated to over 6.2 million households
2, for whom property is becoming an increasingly useful asset to provide income. This desire to stay, along with spiraling care costs and emerging socio-economic factors such as children returning home or older parents moving in, has led some forever homeowners to consider their financial options in order to stay longer in their home. ....

United Kingdom , New Brunswick , Alice Watson , Canada Life , Prudential Regulation Authority , Stonehaven United Kingdom , Canada Life Group , Financial Conduct Authority , Canada Life Platform , Stonehaven United Kingdom Ltd , Forever Home , Life Limited , Prudential Regulation , Stonehaven United Kingdom Limited , Canada Life Platform Limited , Financial Conduct , ஒன்றுபட்டது கிஂக்டம் , புதியது பிரன்சுவிக் , ஆலிஸ் வாட்சன் , கனடா வாழ்க்கை , விவேகமான ஒழுங்குமுறை அதிகாரம் , ஸ்டோநிஹேவ்ந் ஒன்றுபட்டது கிஂக்டம் , கனடா வாழ்க்கை குழு , நிதி நடத்தை அதிகாரம் , கனடா வாழ்க்கை நடைமேடை , ஸ்டோநிஹேவ்ந் ஒன்றுபட்டது கிஂக்டம் லிமிடெட் ,