Half of equity release business now through brokers

Nearly half of all equity release business comes from intermediaries &#45 over 10% more than last year.

The figures, revealed by the Council of Mortgage Lenders at the Mortgage Business Expo yesterday, also show that lifetime mortgage account for three-quarters of the equity release market and £1bn of lending a year, while home reversions account for one quarter and £250m a year.

Overall, it is estimated that the market has increased by 121% from last year.