Final quarter push helps equity release numbers recover in 2020: ERC
By
Gary Adams
28
th January 2021
9:54 am
There were 40,337 new equity release plans agreed in 2020 compared to 44,870 in 2019, the Equity Release Council has revealed.
The ERC points to 11,566 new plans agreed in the final three months of 2020, some of which were decisions made earlier but put on hold as the Covid-19 crisis played out, as proof of sector resilience in a turbulent year.
The final number of new and existing customers served across 2020 came to 72,988 while total lending to new and existing customers came to £3.89bn – £1.16bn of which was accessed in the final quarter of the year.

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