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Advisers expect equity release market to reach £6bn: Canada Life

Research conducted by Canada Life Home Finance shows that 86 per cent of IFAs expect the value of the equity release market to grow in 2019.

Of those asked, 40 per cent of advisers see the market worth at least £6bn by the end of 2019, and 46 per cent expect a total market worth of between £4.5bn and £6bn within the same time frame.

The research also shows that just under 10 per cent of IFAs expect the market to stay the same, while 5 per cent believe that the size of the market will shrink.

Earlier today, Key announced that total equity released in 2018 stood at £3.6bn, a 19 per cent increase over the previous year.

Canada Life Home Finance head of marketing and communications Alice Watson (pictured) comments: “The equity release sector is thriving. Recent figures show that almost as much was lent in the first three quarters of 2018 as the whole of 2017. And this research into the views of UK advisers offers a real vote of confidence for the sector.

“It’s clear they expect consumer demand to continue to grow apace, aided by advisers and providers increasing education, demystifying the products and making them more widely accessible.

“While uncertainty over the global political and economic situation may continue to hold back the housing market, equity release will still be a sensible solution for many – especially those using it as part of a more holistic approach to retirement planning.”


Legal & General announce equity release workshops

Legal & General is to offer CII-accredited workshops for mortgages intermediaries. The workshops aim to support advisers taking the Level-3 certificate in equity release; the event will give an overview of the syllabus for the qualification and provide guidance practice. The topics the workshop will include are how to target appropriate customers, key equity release […]

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]


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