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Market Monitor

Industry-leading equity release data analysis from Key

Key’s 2023 H1 Equity Release Market Monitor

25 July 2023

  • Quarterly sales and total value released figures are ‘more positive’ and Key predicts a surge in product innovation 

  •  Frustration over mini-Budget and base rate rises but market drivers remain strong 

  •  Key’s 2023 H1 Equity Release Market Monitor shows 48% drop in number of customers and 57% fall in the amount released 

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Quarter 1 2023

24 May 2023

  • Key’s 2023 Q1 Equity Release Market Monitor shows total lending was £722 million

  • Focus on repayment of debt as well as gifting

  • Product innovation to accelerate through 2023 and further boost sector growth

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Full Year 2022

07 February 2023

  • 2022 saw £6.3 billion worth of equity release borrowing
  • On average, customers released £106,806 from their home in 2022

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Quarter 3 2022

02 November 2022

  • New plan sales rose by 29% while the value of equity released grew by 45%
  • 60% of equity release used for debt management and 11% for family support

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H1 2022

19 July 2022

  • New plans rose by 25% while the value of equity released grew by 32%
  • Remortgage transactions account for almost a fifth of all equity released
  • Key’s 2022 Q1 Equity Release Market Monitor shows total release of £3.43 billion including existing customers

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Quarter 1 2022

25 May 2022

  • Older homeowners released an average £111,500 in property wealth
  • Equity release plan sales surge 21% and value of equity released soars by 30%
  • Record first quarter with more customers using equity release for mortgage repayment than ever before

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Full Year 2021

18 January 2022

  • More than £12 million released a day in 2021 despite ongoing pandemic
  • Equity release plan sales increased by 4% but value of equity released rose by 28%
  • Customers withdraw an average £104,792 with the focus on repaying debts and helping family, Key’s 2021 Equity Release Market Monitor shows


 
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Quarter 3 2021

11 November 2021

  • Average customer benefited from nearly £101,593 third quarter
  • Debt management, remortgaging existing plan and gifting drive market
  • Key’s 2021 Q3 Equity Release Market Monitor shows

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H1 2021

16 July 2021

  • Older Homeowners receive £1.94 billion Property Wealth Boost
  • Equity release plan sales rise 3% as total value increases 32%
  • More than half of customers use their homes to clear big ticket items like mortgages and other debts

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Quarter 1 2021

25 May 2021

  • Average equity release customer took out £103,710 in the first three months of 2021
  • Plan sales drop 9.5% but total value released increases 12.8%
  • Nearly three-quarters of the property wealth released is used for gifting and clearing debt

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Page last updated: Monday 10 February 2020