Property Purchases Funded By Equity Release More Than Double In 2021

Over-55s keen to take advantage of the stamp duty holiday drove a 116% year-on-year increase in the number of people using equity release for property purchase, new research from more2life shows. The increase coincides with the introduction of the stamp duty holiday in July 2020 and highlights how over-55s are increasingly using equity release to help them move home – often to be close to family, friends or amenities. Property purchase cases increased by 208% between H1 2020 and H2 2020 and while this started to slow as the SDLT holiday deadline loomed. Read more on the Financial Reporter website.

https://www.financialreporter.co.uk/later-life/property-purchases-funded-by-equity-release-more-than-double-in-2021.html