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The equity release market saw a return to growth in 2021. Record amounts of property wealth were accessed by customers, according to industry body the Equity Release Council, which says the market rose by 24.8% last year, to a total of £4.8 billion.
The Equity Release Council has revealed its Q4 and full-year lending figures for 2021 showing that activity in the market climbed 24% year-on-year to £4.8bn.
It’s been said that a family that gets money together, stays together.
More than seven in 10, 71%, of people discuss their equity release plans with their children, according to HUB Financial Solutions.
Most customers who want professional advice about equity release discuss it with their family, but just 7% go on to involve their children in meetings with financial advisers, says HUB Financial Solutions. The financial advisor says 71% of customers who came to the firm for advice said they had discussed the