50 fold increase in equity release schemes since 1993

Latest research from MINTEL highlights equity release schemes as one of the fastest-growing sectors within the financial services industry. After 11 consecutive years of growth, the equity release scheme market is now worth a considerable £1.2 billion, with the market valued at 50 times the size it was in 1993. According to exclusive consumer research, one in ten (11%) homeowners have released equity in their home, amounting to almost 2 million households. What is more, almost a fifth (19%) of all homeowners who have not previously released equity have said that they may do so at some point in the future.