Equity release borrowing increased by nearly a third in 2022

Equity release lending to new customers increased 31% in 2022 compared to the year before, as £6.3bn of cash was tapped from properties. The number of equity release plans taken out over the year also increased 29% taking the total to 52,295, according to equity release broker Key. The typical customer released £106,806 of equity from the value of their home, 2% more than the £104,792 average in 2021. 

Daily Mail (30/01/2023)   Daily Telegraph (30/01/2023)