It can be said that the Equity Release market has found its feet in the last few months and doing better than some other sectors following the effect of COVID, with the markets continuing to drive forward with innovation and currently lower interest rates.
There has also been continued plan flexibility as mention in one of my previous articles and technology has also played its part more recently, with equity release lenders reviewing and enhancing their technological offering internally and with third-party partners, enhancing an increasingly digitally focused world.
The equity release market has shown that it has been able to adapt in the face of more recent difficult times with more flexible solutions with those such as desktop valuations amongst other innovations to enhance the equity release customer experience.
The equity release market is in an exceptionally good place to continue providing solutions to customers over 55 and especially those with their retirement planning, helping them to unlock some of the equity held in their home.
The over 65’s housing wealth is over £1.2trillion, increasing by some £28billion year-on-year, so it’s not surprising that more and more over 65’s are looking at equity release to provide them with additional funds in their retirement years.
For more information and to arrange a consultation with an Lifetime Mortgage advisor, contact Blue House Equity Release Kent today