Equity release market breaks £1 billion lending mark with third year of growth
The equity release mortgage market passed the £1 billion lending mark in 2013 with its third year of growth, according to analysis by Key Retirement Solutions.
A total value of £1.06 billion was released in 2013 and this is 4% higher than the £961.4 million in 2012. The average customer took out an equity release plan in 2013 worth £56,045 and this up 7% up on 2012's £52,268 figure.
Trinity has access to a number of lenders offering equity release mortgages where the interest can be repaid on a monthly basis.
If you would like help to secure an equity release mortgage, call Trinity's expert broker Jed Newton on 020 7016 0790.
January 23, 2014
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
