The Equity Release Council has just released the latest equity release lending figures for the first quarter of 2019.
The figures show:
- The busiest start to a year on record, with £936m of housing wealth unlocked by homeowners aged 55+ during Q1 2019, an 8% increase year-on-year.
- Total customers served between January and March increased by 10% annually to reach 20,397, including 10,854 plans agreed – up 6% from Q1 2019.
- Average withdrawals per customer remain steady as the market grows – and while Q1 has begun at a lower level than Q4 2018 left off, this mirrors the typical seasonal pattern seen around the turn of the year for much of the last decade.
The release also includes member views from the recent member Census on the key drivers of market activity across different age groups.
To view the full report, please click on the Equity Release Council logo immediately below.