Home owners in the UK aged 55 and over are releasing the
equivalent of £11 million every day from their homes, according to the latest
quarterly lending figures from the Equity Release Council. Total equity
released reaches £1.02 billion in the third quarter of 2018, up 24% or £195
million since the same period in 2017. And owners are not splashing out with
the figures also showing that average plan sizes are consistent with a modest
approach to using property wealth. It means that over £1 billion of property
wealth was unlocked for the first time in any quarterly period. Read more on
the propertywire website.
https://www.propertywire.com/news/uk/11-million-is-being-released-in-property-wealth-every-day-in-the-uk/
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