Opening Hours

Open at 9:00am on Monday

Opening Hours

  • Monday - Thursday

    9:00am - 8:00pm

  • Friday

    9:00am - 5:30pm

  • Saturday

    9:00am - 5:00pm

  • Sunday

    Closed All Day

Our Address

Key, Baines House,

4 Midgery Court, Fulwood,

Preston, PR2 9ZH

UK FREEPHONE

0808 252 9170

2016 (Full year)

Swipe

Region Average Age Total Amount Released Average Property Value Average Total Facility
East Anglia 72 £35,594,175 £260,151 £74,705
East Midlands 72 £30,006,439 £220,065 £58,345
London 72 £108,718,892 £625,091 £157,750
North 72 £9,430,129 £191,510 £53,527
North West 72 £31,784,527 £204,079 £55,058
Northern Ireland 72 £2,455,419 £195,805 £50,814
Scotland 71 £21,368,645 £190,820 £51,884
South East 72 £165,452,149 £495,975 £97,879
South West 71 £59,363,983 £289,804 £77,201
Wales 72 £16,445,666 £211,432 £53,826
West Midlands 72 £29,259,297 £223,952 £60,345
Yorkshire & Humberside 72 £21,848,554 £199,673 £57,745
Total 72 £531,727,876 £345,397 £82,441

Key facts

These regional values are largely a reflection on the North/South divide in property prices. Unsurprisingly, the highest overall totals of equity release released in 2016 remained in the South East regions, with both London and the rest of the area both topping over £100m, with the rest of the South East hitting just over £165m. London also saw the highest average total facility out of all regions.
 
Out of the rest of the UK, the lower house prices in the North resulted in property values and total facilities of those taking out equity release up to a less than a third of that of the capital.

2017 (Half year)

Swipe

Region Average Age Total Amount Released Average Property Value Average Total Facility
East Anglia 72 £18,860,022 £253,009 £69,963
East Midlands 71 £18,811,654 £236,796 £65,293
London 71 £54,485,473 £575,848 £150,783
North 71 £5,704,561 £185,514 £53,420
North West 71 £19,438,060 £209,322 £59,894
Northern Ireland 73 £1,784,180 £189,973 £54,055
Scotland 72 £11,426,086 £177,458 £50,003
South East 72 £96,663,863 £389,540 £102,924
South West 71 £38,918,562 £305,183 £85,745
Wales 71 £9,350,385 £201,277 £58,379
West Midlands 71 £16,569,498 £228,717 £65,369
Yorkshire & Humberside 71 £13,798,132 £211,033 £58,703
Total 71 £305,810,476 £314,612 £85,247

Key facts

Our latest regional statistics show that the average age of equity release has dropped slightly in the first half year of 2017. This drop is accompanied however by a notable 3.4% increase in the average total facility.

Equity release statistics by region

Regional statistics for new equity release plans provided by Key Retirement are broken down into 12 regions.

Year-on-year comparison

Swipe

Region Average Property Value - 2015 Average Property Value - 2016 YOY +/- Average Total Facility - 2015 Average Total Facility - 2016 YOY +/-
East Anglia £232,732 £260,151 +11.8% £68,604 £74,705 +8.9%
East Midlands £201,267 £220,065 +9.3% £58,959 £58,345 -1.1%
London £578,671 £625,091 +8.0% £156,895 £157,750 +0.5%
North £175,616 £191,510 +9.1% £52,729 £53,527 +1.5%
North West £187,779 £204,079 +8.7% £53,273 £55,058 +3.4%
Northern Ireland £167,499 £195,805 +16.6% £41,739 £50,814 +21.7%
Scotland £167,933 £190,820 +13.6% £49,773 £51,884 +4.2%
South East £329,167 £495,975 +50.7% £93,371 £97,879 +4.8%
South West £267,773 £289,804 +8.2% £76,528 £77,201 +0.9%
Wales £198,485 £211,432 +6.5% £55,205 £53,826 -2.5%
West Midlands £204,212 £223,952 +9.7% £55,736 £60,345 +9.3%
Yorkshire & Humberside £180,811 £199,673 +10.4% £50,809 £57,745 +13.7%
Total/Average £274,770 £345,397 +25.7% £68,604 £82,441 +20.2%

Key facts

Key’s statistics highlight some interesting facts about differing patterns in equity release between regions. Whilst all areas in the South increased their total amount released, the North and Scotland showed a decrease.
 
Despite this, total facility released across all regions was up with the exception of the East Midlands, which was down fractionally by 0.1%.

Note - All stats taken from 2016 Key customer data