{"id":5730,"date":"2025-02-18T11:31:36","date_gmt":"2025-02-18T11:31:36","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=5730"},"modified":"2025-02-18T13:36:30","modified_gmt":"2025-02-18T13:36:30","slug":"equity-release-growth-trend-continues","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2025\/02\/18\/equity-release-growth-trend-continues\/","title":{"rendered":"Equity Release growth trend continues"},"content":{"rendered":"<div class=\"hd-block hd-block-table\">\n<figure class=\"wp-block-table\"><table><tbody><tr><td>The equity release market continues to grow modestly, with \u00a3615m unlocked by homeowners over 50 in Q3 2024\u00a0<\/td><td>Average lump-sum lifetime mortgage loans rose to \u00a3111,618 in Q3 2024, reflecting increased homeowner confidence in equity release\u00a0<\/td><td>Equity release provides financial flexibility but requires careful consideration of personal circumstances, so seeking professional advice is essential\u00a0<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The Equity Release Council (ERC)<\/strong><strong><sup>1<\/sup><\/strong><strong> has reported continued growth in the equity release market, with two consecutive quarters of increased activity through to September 2024. During Q3 alone, homeowners over the age of 50 unlocked a total of \u00a3615m in property wealth, reflecting a 6% rise compared to the previous quarter.<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The average loan size for new lump-sum lifetime mortgage clients also saw a slight uptick, reaching \u00a3111,618. This increase indicates growing confidence among homeowners in leveraging their property assets for financial flexibility.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>David Burrowes, Chair of the ERC, remarked, \u2018<em>Returning growth may have been modest to date, but it\u2019s particularly encouraging to see the trend continue\u2019.<\/em>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Equity release offers a financial solution for older homeowners looking to enhance their retirement income, fund major expenses, or support family members. With market growth persisting, equity release is becoming an increasingly popular tool to unlock property value. There are many factors to consider, it\u2019s not appropriate for everyone and depends on individual circumstances.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Equity Release and Lifetime Mortgages will reduce the value of your estate and can affect your eligibility for means tested benefits.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>ERC, 2024&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.<\/em><\/strong>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The equity release market continues to grow modestly, with \u00a3615m unlocked by homeowners over 50 in Q3 2024\u00a0 Average lump-sum lifetime mortgage loans rose to \u00a3111,618 in Q3 2024, reflecting increased homeowner confidence in equity release\u00a0 Equity release provides financial flexibility but requires careful consideration of personal circumstances, so seeking professional advice is essential\u00a0 The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,76],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/5730"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=5730"}],"version-history":[{"count":8,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/5730\/revisions"}],"predecessor-version":[{"id":5742,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/5730\/revisions\/5742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/5731"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=5730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=5730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=5730"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=5730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}